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(Mark Hulbert, an author and longtime investment columnist, is the founder of the Hulbert Financial Digest; his Hulbert Ratings audits investment newsletter returns.)
CHAPEL HILL, N.C. (Callaway Climate Insights) — Everyone “knows” that the mad rush to build data centers will require huge amounts of fossil-fuel generated electricity.
But as Humphrey Neill, father of contrarian analysis, put it in his book The Art of Contrary Thinking, “When everyone thinks alike, everyone is likely to be wrong.” And a new academic study finds that Neill’s skepticism is at least partially borne out. The authors have found that data centers have mainly spurred investments in renewable energy sources and battery storage.