Veolia Sees €1 Billion Sales to AI Industries by 2030

France’s Veolia Environnement SA plans to nearly double revenue from artificial intelligence industries to €1 billion ($1.2 billion) by 2030 as it provides new services to the booming sector.

Revenue from data center operators and chip manufacturers will climb from €560 million last year as the French utility plans to help clients capture wasted heat, reuse cooling water and treat electronic waste and chemicals, Veolia Chief Executive Officer Estelle Brachlianoff said in a presentation in London Tuesday.