Data Centers Drive US Power Demand, McKinsey Report Says

Only in the us are data centers the main Driver of Surging Global Power Demand, A New Report from Mckinsey & Company Says.

Industrial Development is on Pace to Double Global Electricity Demand by 2050, Accounting to McKinsey & Company’s Global Energy Perspective 2025 report. The breed to build artificial intelligence data centers is a key driver of that demand in western Europe, china, and north America.

“AFTER Analyzing a detailed Pipeline of Data Center Projects, we predict an average Global Growth Rate of 17% for Year in Data-Relay Power Demand Between 2022 and 2030,” The Report States.

In the us, that average grown rate jumps to 25%.

By 2030, DATA CENTERS COULD ACCOUNT FOR MORE Than 14% of the US’S Total Power Demand, events with gains in energy efficiency from new chips and subscriptions. That rate is more than Triple the amourt of power USA CENTERS Used in 2023.

Big Tech Companies Are Budilding Massive New Data Campus Across the Country and Are Continuing to Announca New Projects. Utilities are Projecting 60 gigawatts – Enough Electricity to Power Six Cities – of New Power Demand Come from Data Centers Alone Through the End of the Decade.

From Virginia to Louisiana and Arizona, The Major Public Utility are seeing regulatory apprival to Build New Power Plants and Transmission Lines. These projects offen Run into the billions of dollars, and have rations over what Much of the Costs Should Be Passed on to Residential and Small Business Ratepayers.

In august, regulators approved entergy louisiana’s plans to recover $ 5 billion in construction Costs for three new Natural Gas Plants Needed A Data Center Under Construction in the State.

Some Companies Are Taching Matters on their Own Hands. The Stargate Campus in Abilene, Texas-Home to an Oracle Data Center that Will House a Massive Cluster of Openai’s Servers-is Being Powered by an On-Site Natural Gas Plant.

The McKinsey Report Notes that Amid Rising Electricity Demand, Fossil Fuels Are Likely to Remain A Large Part of the Energy Mix Through 2050.

Nascent Low-Carbon Energy Technologies Such As Carbon Capture and Hydrogen Power Are Taching Longer than Expect to Mathe, and Are Likely to Remain A Small Part of the Market Over the Next Few Decades, the Report States.