According to Goldman Sachs Group, China's extensive development of power - generation capacity has positioned it favorably against the US when it comes to data - center expansion. China stands out globally as a frontrunner in terms of investment and construction in renewable energy, coal - fired power plants, and nuclear reactors.

It is estimated that by 2030, China will boast around 400 gigawatts of backup power capacity. This amount is three times the projected global demand for data centers, making it more than enough to satisfy the power requirements of data centers as well as other industries.

At present, China already accounts for approximately a quarter of the world's data - center capacity and is anticipated to soon close the gap with the US, which currently holds a 44% market share.

On the contrary, the US is witnessing a sharp increase in electricity demand from data centers. However, there is a lack of sufficient new power - generation capacity. Among the 13 regional power grids in the US, eight have backup power capacities at or near critical levels. By 2030, the limited backup power capacity is likely to impede the development of its data centers, acting as a barrier to further growth.

In contrast, China's power grid not only has a substantial amount of backup capacity but is also projected to expand it even further.