America’s Power Supply Could Be Inadequate To Meet Demand By Decade’s End, Major Consultancy Says
New Federal Reforms Aim To Ease Construction And Planning Of Improving Nation's Aging Powergrid
Nick Pope
Contributor
October 10, 2024
American energy demand could be on pace to exceed power supply by the end of the decade, according to Bain, a major consultancy.
Utilities could need to increase their annual power generation by as much as 26% by 2028 to meet surging demand, which the rise of artificial intelligence (AI) is driving with power-hungry data centers that are necessary to sustain AI technologies, according to a new report from Bain. Overall U.S. electricity demand stayed mostly flat since 2000, and utility companies will need to make major adjustments to their business models that figure to raise electricity costs for American consumers. (RELATED: ‘Catastrophic’: Top Grid Official Sounds The Alarm On Biden’s Sweeping Power Plant Rules)
‘Inevitable And Foreseeable’: Grid Operators Beg Court To Nix EPA Rules To Save Electricity System From Collapsehttps://t.co/0LAt8gHVSN
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“In the U.S. alone, adequately funding the capital investments to serve data center growth over the next decade would require utilities to generate 10% to 19% in additional revenue each year than previously forecast,” Bain wrote in its report. “That could incrementally increase customer bills by 1% annually through 2032, according to our analysis.”
https://dailycaller.com/2024/10/10/americas-power-supply-inadequate-demand-decades-end-major-consultancy-says/
