Pan-European Utilities Themes: The Power Behind AI – monthly data centre tracker: June edition

Research evidence excerpt

Pan-European Utilities Themes: The Power Behind AI – monthly data centre tracker: June edition

Accessible version

Pan-European Utilities Themes

The Power Behind AI – monthly data centre

tracker: June edition

Industry Overview

Translating project announcements into power estimates 02 July 2026

Following our Data centre primer: the power behind AI from early December 2025, we Equity

launch the sixth edition of our monthly data centre (DC) demand tracker to monitor new Pan Europe

projects in Europe. Each month, we track the latest announcements and, where Utilities

appropriate, factor these into our capacity and data centre power demand forecasts for Peter Bisztyga >>

the most important European markets for our Utilities coverage, which account for Research Analyst

c90% of European data centre capacity today. Following Jun-26 announcements, we now MLI+44 (UK)20 7995 0535

see data centres raising overall electricity consumption by ~6.4%. peter.bisztyga@bofa.com

Noe Gonzalez >>

Sixth edition: bright month for announcements ResearchMLI (UK) Analyst

June delivered 26 projects, with total capacity unveiled near 5GW compared to ~1.1GW +44 20 7996 9022

noe.c.gonzalez@bofa.com

in May-26. This sharp increase in announced capacity is mainly attributed to the large

€45bn investment commitment made by SoftBank to build 3 data centres in France by JuliusResearchNickelsen,Analyst CFA >>

2031 (3.1GW of which 1GW already announced in January 2026), as part of the 2026 MLI (UK)

+44 20 7995 6027

Choose France summit held by Macron. As a result, June recorded the highest capacity of julius.nickelsen@bofa.com

any month in 2026. Of the ~5GW announced in June, ~0.9GW fall into our ‘High Marcin Wojtal >>

Confidence’ category.