In a recent interview, Greg Abel expressed concerns about the rising pushback against data center projects across the United States, emphasizing that this resistance is largely driven by local communities worried about resource consumption.
Berkshire Hathaway's interest in data centers is primarily linked to their power and electricity needs, with Abel stating that the company is willing to partner with supercomputing firms as long as it does not negatively affect costs for other customers.
This sentiment is echoed by Wall Street analysts, who note that political opposition to data centers is intensifying, with New York State already implementing a moratorium on new constructions and other states considering similar measures.
Analysts from Mizuho pointed out that the situation is evolving, particularly with midterm elections approaching, as investors are increasingly questioning the long-term viability of data centers in light of their resource demands and limited job creation potential.
Currently, there are approximately 4,700 data centers in the U.S., and their future growth may be significantly influenced by these emerging political and community dynamics