A Google "data center consumes 450,000 gallons of water a day. But some of the newest centers consume 10 times that volume, as do some of the newest semiconductor fabs."
Google’s water consumption, for example, jumped 17% in 2023, compared to the year before.
The more stressed the world’s water supplies become, the greater the likelihood that water costs will rise for the data center industry.
This "is just starting to create compelling opportunities for investors."
https://investorplace.com/smartmoney/2024/11/ais-unquenchable-thirst-brings-opportunity/