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There is 'a lot more pushback' on data center construction, Berkshire CEO Greg Abel tells CNBC
CNBC • • general
Key Points:
- Berkshire Hathaway CEO Greg Abel highlighted increasing community resistance to data center construction projects across the U.S., citing concerns raised during a CNBC interview.
- The conglomerate's interest lies in providing power and electricity generation for these facilities, aiming to work with supercomputing companies while keeping costs stable for other customers.
- Political opposition to data centers is growing, with New York State imposing a moratorium and several other states considering bans or restrictions due to resource strain concerns.
- Wall Street analysts warn that data center construction could become a contentious issue in the upcoming midterm elections, as voters and investors debate resource consumption and job creation claims.
- The U.S. currently hosts approximately 4,700 data centers, and the number continues to increase despite mounting regulatory and community pushback.
