The U.S. faces a massive surge in power demand from data centers and the electrification of vehicles and other parts of the economy over the next decade. If this demand is not met, it could jeopardize economic growth according to utility executives. The demand from just data centers and electric vehicles is expected to increase by 2030, equivalent to Turkey's entire current electricity usage. Major tech companies are requesting large amounts of power for new data centers, equivalent to a nuclear power plant in some cases.
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00:00It's Benzinga, and here's what's on the block.
00:02The US is facing a massive surge in power demand from data centers and the electrification of
00:07vehicles and other parts of the economy over the next decade. If this demand is not met,
00:12it could jeopardize economic growth, according to utility executives. The demand from just data
00:17centers and electric vehicles is expected to increase by 2030, equivalent to Turkey's entire
00:22current electricity usage. Major tech companies are requesting large amounts of power for new
00:27data centers, equivalent to a nuclear power plant in some cases. For all things money, visit Benzinga.com