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Harnessing Excess Solar Power: The Future Of Data Centres In Cyprus

A pioneering data center in Limassol is redefining the energy landscape by efficiently utilizing surplus electricity from photovoltaic systems. The company behind this groundbreaking initiative aims to transform data centres, known for their high energy consumption, into energy-efficient hubs. This is especially crucial given the global trend toward greener digital infrastructure.

Unveiling The Energy Efficiency Plan

Data centres typically require substantial energy to operate vast compute and storage platforms. However, by leveraging the excess energy generated by Cyprus’s solar capabilities, this pilot project aims to alleviate costs related to storing renewable energy. Such strategies are already in practice in regions like Texas, USA, enhancing network stability through flexible energy management.

The Future Of Digital And Energy Solutions

Data centres, as drivers of digital transactions, social media connectivity, and cloud computing, possess enormous potential. With sustainable practices, they contribute to energy savings while powering essential digital services. The Limassol project is poised to provide real-world insights into effective energy absorption by large-scale or numerous small-scale data centres.

This innovative practice holds promise for mitigating renewable energy waste, fostering a cleaner electricity ecosystem. It exemplifies the kind of forward-thinking technology integration necessary for a sustainable future.

Eurobank Plans €1 Billion Investment In AI And Digital Banking By 2028

Eurobank plans to invest about €1 billion in technology from 2025 through 2028, its largest technology investment program to date. The Banking Forward strategy focuses on digital banking, artificial intelligence, customer experience and a “phygital” model combining digital services with face-to-face support.

Digital Banking Dominates Customer Activity

Digital channels already account for 96% of Eurobank transactions, with 61% completed through the Eurobank Mobile App. Among customers aged 35 and under, digital adoption reaches 94%.

Customers make about 574 million annual logins across e/m-banking and more than 1 million digital transactions each day. During the first half of 2026, one in three banking products was acquired digitally.

AI Moves Into Everyday Banking

Eurobank is expanding the use of AI through tools including EVA, its digital customer assistant, and myEVA, an AI-powered voice assistant for employees. The technology is also being applied to mortgage assessments, customer feedback analysis and contractual documents.

The bank’s technology architecture is built around five areas: digital channels, customer experience orchestration, data and AI, core banking, and infrastructure and cloud. About 50% of its applications and digital channels are already cloud-based.

Investment Extends Beyond Technology

The program is intended to reshape how Eurobank operates, combining automation and AI with employee development and human support. The bank says the approach is designed to improve services while maintaining access to face-to-face banking when customers need it.

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