2024-05-16 09:30:00 ET
Summary
- Demand for next-generation data management solutions is causing a surge in electricity demand in the U.S.
- Iron Mountain Incorporated, a pioneer in the field, is capitalizing on this demand with its extensive history and global footprint.
- The company's recent earnings report shows strong operational performance and potential for continued growth, but its current valuation raises concerns.
Introduction
In the U.S. (and abroad), there's a lot of demand for next-generation data management solutions, including artificial intelligence, cloud computing, and other applications.
How much demand, you may ask?
There's so much demand that the industry is running into power issues!
As reported by The Wall Street Journal , expectations for electricity demand have risen substantially across the country (emphasis added):
Similar quandaries are rippling through other hubs of the new American economy, with utilities in Tennessee and the Carolinas forecasting their own unexpected surges in load growth. U.S. power usage is projected to expand by 4.7% over the next five years , according to a review of federal filings by the consulting firm Grid Strategies. That is up from a previous estimate of 2.6% .
Read the full article on Seeking Alpha
For further details see:
Iron Mountain: Is This Old Dog Learning New Tricks?