Power

US Power Demand Growth: What Are the Drivers?

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Emerging data center demand for power supported by the artificial intelligence (AI) boom is getting a lot of attention in forecasts suggesting that US power supply and infrastructure may not be up to the task. But the data center industry is only a blip among a host of industrial and manufacturing drivers that is shifting US power demand growth projections higher following years of relatively flat demand — a trend already starting to emerge. Biden administration policies and generous incentives passed by Congress in recent years are driving major investments in energy-intensive industries, like hydrogen production, desalination, electric vehicles (EVs), EV battery manufacturing and semiconductor manufacturing — all of which consume large amounts of electricity.

Topics:
CO2 Emissions, Forecasts, Carbon Capture (CCS), Hydrogen
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