1/3 of a data centres energy consumption goes on cooling.
They are end of life Victorian pipes, in a massively built up and down part of the world. It was always going to cost lots, which is why the govt privatised the problem before people realised what was involved.
Renationalising it would put up taxes for everyone in the country not just Londoners, thats why London is so expensive to live in. If labour get in, and they renationalise it, labour will be exploiting the stupidity of their voters.
Hanlon's razor, never attribute to malice that which is adequately explained by stupidity except stealth Govt planning.