The exponential growth of data centers with a tremendous appetite for electricity rapidly is outpacing the capacity of utilities to meet their needs, pushing data center developers to prioritize new markets where they can be sure they can hook up to the grid.
Electric utilities across the U.S. are doubling their forecasts of how much additional power they'll need by the end of this decade to meet surging demand not only for power-hungry AI data processing facilities but also from a resurgence of U.S. manufacturing and the conversion to EVs.
The demand for electricity from data centers alone is projected to consume nearly 10% of the nation's electricity before the end of this decade.
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