REFILE-French group Veolia aims $1.2 billion in revenue from data centres, chips by 2030

LONDON, April 14 (Reuters) - French utility ​Veolia aims ‌to almost double its revenue from ⁠providing energy and water management solutions ⁠to data ​centres and chipmakers by 2030, it said on Tuesday, betting on strong demand from ​both sectors.

The ‌company expects 1 billion euros ($1.18 billion) in annual revenues from data centres and the semiconductor industry, compared to ​the 560 million euros it made ‌in 2025, as it seeks to expand its presence in ‌these fast-growing markets.

The tech sector's expansion of data centres, driven by surging demand for ​AI following the widespread adoption of ChatGPT, has ‌strained power supplies and raised concerns over global grid capacity.

Veolia said it planned ⁠to use ⁠its proprietary technologies to help ‌meet rising demand for integrated solutions in ​water management, ​local energy and hazardous ‌waste treatment linked to the expansion of these industries.

Veolia