Goldman Sachs raised its 2030 global data center capacity forecast to 273 gigawatts, implying about $8.5 trillion in potential spending using a $50 billion-per-gigawatt assumption for about 170 GW of additions.
The new projection is up from the bank’s earlier estimate of 217 GW. Goldman Sachs puts global capacity at about 103 GW in 2025, making the revised forecast equivalent to compound annual growth of roughly 21% through 2030.
The United States is projected to add 103 GW after 2025, or about 60% of the worldwide increase. Goldman Sachs raised its U.S. capacity forecast to 152 GW from 125 GW. It cited the expansion of neocloud providers seeking to meet demand for graphics processing units as one reason for the higher outlook.
The spending figure is potential capital spending based on the bank’s assumed cost per gigawatt. It is not a reported investment commitment.
Power requirements also connect the capacity forecast with utility planning. Goldman Sachs estimated utilities’ capital plans at $1.3 trillion for 2026 through 2030 and described discussions about hyperscalers helping pay for new power generation and grid upgrades. The bank did not specify how those costs would be divided, as EconoTimes previously reported.
