Western battery makers, which have scaled back plans for new factories amid tepid consumer demand for electric vehicles, have found a smaller but much needed stream of income from their ability to quickly deploy backup power for AI data centers.

Infrastructure and political issues slowing AI data center growth and expanded production of solid-state memory and storage could result in a glut by 2027.

US AI data center market projected to grow at 29% CAGR through 2032, driving massive power demand increases and reshaping energy, real estate, and crypto markets.