The rapid expansion of artificial intelligence (AI) applications is significantly increasing the demand for data center capacity, placing unprecedented pressure on the global power grid. Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM), a leading explorer and developer of platinum, is at the forefront of addressing this challenge. The company's Waterberg Project, one of the largest and lowest-cost undeveloped platinum group metal resources globally, is poised to play a critical role in supplying platinum for hydrogen fuel cells and advanced electrical components.
According to a report by the World Platinum Investment Council, global electricity demand from data centers is expected to more than double to approximately 945 TWh by 2030. This surge underscores the importance of platinum in developing clean, resilient electrical infrastructure to support the growing needs of AI-generated services. Platinum's unique properties make it indispensable for powering the future of energy, highlighting PLG's strategic position in the market.
For investors and stakeholders seeking the latest updates on Platinum Group Metals Ltd., further information is available in the company's newsroom at https://ibn.fm/PLG. As the demand for sustainable and efficient energy solutions continues to rise, PLG's initiatives represent a significant step towards meeting the world's future power needs.
