Data centers expected to use 4x more electricity by 2035
Quick Answer
Data centers are projected to consume 20% of U.S.
Quick Take
electricity by 2035, quadrupling current usage, driven by AI compute demands. BloombergNEF forecasts a surge to nearly 200 GW capacity, with 64% of AI chips' power demand concentrated in the U.S., straining existing electrical grids.
Key Points
- Data centers will account for 34% of PJM's electricity by 2033.
- Electricity demand forecast for 2035 is 83% higher than previous estimates.
- PJM has paused new connection applications for four years due to demand.
- Data centers could generate 1,935 TWh of new electricity demand globally by 2033.
- Electricity prices have risen 76% in the past year due to supply-demand imbalance.
Source Excerpt
New data centers built through 2033 could consume as much electricity as India uses today.
Want this in your inbox every morning?
Daily brief at your local 8am — bilingual EN/中文, free.
More from TechCrunch
See more →
4d ago
FeaturedOriginal
Why the first GPU financiers are turning to inference chips in a $400 million deal
AI Summary
General Compute secured a $400 million loan from Upper90, using inference-specific chips as collateral, signaling a shift towards cost-effective AI infrastructure. Their SN50 chips promise 16x faster inference than traditional GPU clouds, highlighting a growing market for open-source AI models and alternatives to Nvidia.
