The U.S. is facing a surge in electricity demand equivalent to the consumption of entire nations.
The U.S. is facing a massive surge in power demand from data centers and electrification of the economy.
After a more than decade-long period of largely flat growth, electricity demand is poised to skyrocket by 2030 as the artificial intelligence revolution, the expansion of chip manufacturing, and the electrification of the vehicle fleet all coincide as the U.S. is trying to address climate change. "This growth is a race against time to expand power generation without overwhelming electricity systems to the point of stress," said Surya Hendry, a Rystad analyst, in– are urgently requesting more power as they bring data centers online that in some cases require a gigawatt of electricity, said Petter Skantze, vice president of infrastructure development at NextEra Energy Resources. To put that in context, a gigawatt is equivalent to the capacity of nuclear reactor.
"If I can't get that power capacity online, I cannot do the data center. I cannot do the manufacturing. I can't grow the core businesses of some of the largest corporations in the country," Skantze said. "The stakes are really, really high. This is a new environment. We have to get this right." "A lot of this is dependent and contingent upon what we see with artificial intelligence and all those large learning models and what data centers will consume," Womack said. "You're also seeing in the Southeast, this incredible population growth and you're seeing all this onshoring with manufacturing."
Echoing the Southern's CEO, Blue said Dominion is adding "an incredible amount of renewables" to keep the system operating, but other energy sources will also be needed.
Utilities Meta Platforms Inc Microsoft Corp Alphabet Inc Amazon.Com Inc Dominion Energy Inc Southern Co Nextera Energy Inc Markets Energy Breaking News: Markets Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion: As a biomedical graduate student, I fear staying in Utah. The environmental hazards are too dangerous.“A failure to invest in cleaner air is a failure to invest in Utahn’s health, a failure to invest in our future economy and a failure to prioritize retaining Utah talent local.”
Read more »
This Lily Collins Thriller Was a Critical Failure Before It Hit the Netflix ChartsLily Collins in an old-fashioned office wearing a black dress in Inheritance.
Read more »
MoviePass CEO: The sooner you learn to embrace failure, ‘the faster you get to what works'Years after being ousted from the company he founded, Spikes returned and has led it to profitability.
Read more »
MoviePass CEO: The sooner you learn to embrace failure, ‘the faster you get to what works'Years after being ousted from the company he founded, Spikes returned and has led it to profitability.
Read more »
When Heart Failure Is Actually Cardiac AmyloidosisAmyloidosis is an underrecognized cause of HFpEF. Pay attention to these red flags.
Read more »
Jaguars owner Shad Khan: 2023 collapse an 'organizational failure'The Jaguars went 1-5 in their final six games, causing them to miss the playoffs. Their owner says there's plenty of blame to go around.
Read more »