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Goldman Sachs released a research report stating that European undervalued utility giants focusing on electricity supply and water resource supply networks will greatly benefit from unprecedented global AI fever and a long-term trend of electrification. Goldman Sachs stated that European electricity demand has been significantly impacted by external factors in the past fifteen years, with electricity consumption decreasing by about 10% since 2008; however, Goldman Sachs predicts that this trend is about to completely reverse: the rapid expansion of data centers and the gradual acceleration of electrification processes may push European electricity demand to grow by at least 40%-50% in the next decade.
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