AI boom drives energy storage and tech power deals - Nov 12, 2025

Prysmian Daily News Update · Nov 12, 2025 · 2m

As of November 12, today’s news features relevant corporate developments and broader economic implications driven by data center expansions and energy market dynamics. AI data centre-fuelled power demand growth in the U.S. is likely to drive a "boom cycle" for energy storage in the next five years as more storage is needed to smooth out fluctuations from wind and solar generation, according to UBS Securities. Global energy storage demand could increase 40% globally year-on-year in 2026, Hong Kong-based UBS Securities analyst Yan Yishu told a media briefing today. Meanwhile, RWE, Germany's…