0316 GMT - Australia is seen by Morgan Stanley analysts as well placed to benefit from constraints on how rapidly U.S. data centers can be built to meet surging artificial intelligence demand. They think that Australia could accommodate part of this demand overflow, pointing to its data sovereignty requirements and renewables-assisted capability to power the centers. Australia already ranks in the global top five for installed data-center capacity, they say in a note to clients. While large-scale and household batteries are increasing Australia's energy storage capacity and damping forward electricity prices, U.S. data-center energy costs are becoming increasingly expensive, they add.
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