Morgan Stanley sees hundreds of gigawatt hours of battery demand from data centers by 2030; Tesla, Amazon, Oracle to invest in Bolivia data centers

Morgan Stanley: “We note that battery storage could experience significantly greater demand than we currently forecast stemming from the data center opportunity. DC developers have increasingly expressed a desire to use BESS in a variety of applications from backup, load following to getting online with the grid quicker. In its most recent earnings call, FLNC sized the total data center BESS market at ~325 GWh. Illustratively, modeling 2-4 GWh of BESS for each GW of incremental data center power needed in US through 2030 could require 225-550 GWh of additional storage based on our estimates.”

Bolivia’s President Rodrigo Paz announced Tuesday that several large American technology firms plan to reveal investment plans in the country soon.

Speaking at a press conference held online, Paz said company representatives from Tesla, Amazon and Oracle will travel to Bolivia in January to share details about their technology investments. The plans include building data centers in El Alto and Cochabamba, he said.

Foreign Minister Fernando Aramayo told the Wall Street Journal that his government was looking for financial help from the Trump administration and wants to open the country’s large lithium reserves to outside investors.

Aramayo said he had also talked about the possibility of a currency swap with US officials during a trip to Washington in December.

https://www.msn.com/en-us/money/companies/amazon-tesla-oracle-to-reveal-bolivia-investments-next-month-as-country-ends-socialist-era/ar-AA1SVsau

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