Technology has transformed the way we live and dramatically increased the volume of data being stored. As a result, data centers, as an asset class, have risen in value. However, the cost of energy and the water usage needed to run them, are increasingly coming under the spotlight. It is estimated that data centers account for approximately 2% of the total U.S. electricity use and these facilities' energy use is expected to increase as demand rises. With spiralling energy costs, warnings of supply shortages, growing concerns about water resources and an increasing focus on sustainable lending, we look at what is next for data center financings.