Saudi Arabia's Al Moammar Information Systems Company (MIS) has signed a memorandum of understanding (MoU) with Saudi Fransi Capital, acting on behalf of Saudi Data Center Fund 1, to study the development of three additional data centres across Saudi Arabia.
The International Energy Agency (IEA) expects global electricity demand to grow 3.6 per cent in 2026 and 3.8 per cent in 2027, driven by electrification, data centres and industrial demand despite LNG market disruptions and energy price volatility.
For years, the technology industry sold artificial intelligence as a miracle solution that would cut costs, eliminate inefficiency and usher in a new era of productivity. But beneath the glossy presentations and billion-dollar valuations lies a more uncomfortable truth: AI is not cheap, writes Emmanuel Abara Benson in an Impact Newswire article.
Saad Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said Qatar continue to believe in gas as the energy of the future and that increasing demand will continue to be driven by global economic growth and other factors like artificial intelligence and data centres.
TotalEnergies has signed two 15-year PPAs to supply 1 GW of solar power—around 28 TWh—to Google’s Texas data centres. The electricity will come from TotalEnergies’ Wichita (805 MW) and Mustang Creek (195 MW) solar sites, with construction starting in Q2 2026.
Hitachi signed a Memorandum of Understanding (MoU) with the US Department of Commerce to enhance energy infrastructure for data centres and promote sustainable AI growth.
