The AI boom is driving a surge in demand for electricity, leading to a significant increase in natural gas-fired power generation in the United States.
U.S. power-generating companies are announcing plans for the highest volume of new natural gas -fired capacity in years as the AI boom is driving demand for electricity. During the first half of 2024, electricity-generating firms unveiled plans for the new gas-powered capacity equal to all capacity announced in 2020, according to data from Sierra Club cited by Bloomberg. The increase in gas-fired generation jeopardizes the current U.S. emissions and ‘clean grid’ goals.
After more than a decade of flatlining power consumption in America, the AI boom and the chip and other tech manufacturing are leading to higher U.S. electricity demand. For years, natural gas has accounted for the largest share of U.S. power generation, at around 40% of all electricity-generating sources.
Natural Gas Power Generation Electricity Demand Emissions Clean Energy Renewable Energy Data Centers Climate Change Energy Transition
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