Published by Global Banking & Finance Review®
Posted on April 14, 2026
2 min readLast updated: April 14, 2026
Add as preferred source on GoogleVeolia targets approximately €1 billion (~$1.18 billion) in annual revenue from servicing data centres and semiconductor clients by 2030—nearly double its €560 million haul in 2025—leveraging its proprietary water, energy and waste‑management technologies to meet surging demand from AI‑driven infras
(Refiles to change bln to billion in headline, no changes to story)
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.
($1 = 0.8477 euros)
(Reporting by Muvija M, editing by Paul Sandle)
Veolia aims for $1.2 billion in annual revenue from data centres and chipmakers by 2030.
Veolia plans to use proprietary technologies to deliver integrated solutions in water management, local energy, and hazardous waste treatment.
Growing demand for AI and data centres, along with the expansion of the semiconductor industry, are driving increased power and water management needs.
Veolia reported 560 million euros in annual revenue from these sectors in 2025.
The rapid expansion of data centres, especially due to increased AI use, is increasing electricity demand and raising concerns over global grid capacity.
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