Electricity Demand

“So at a global level, data centers are one factor among many, but I'd say they're the biggest factor that is causing this global Growth in demand for electricity, which is happening so quickly now, especially because of data centers and the urgency with which …”

“Over the last 20 years, electricity demand has gone at roughly a two percent compounded annual growth grade, and, you know, we think it'll go to, you know, somewhere on the order of 10%, which is obviously a five hex, which on a base as large as energy is real…”

“That is, of course, driven by the just extraordinary boom in demand from data centers that is happening right now, and I'm pretty confident is going to continue to be happening for the next three to five years, and honestly, who knows after that”

“Electricity demand in the United States grew at zero percent for the last 20 years. And so, if you think about the next 20 years, I think electricity demand will grow at four percent.”

“The demand side I'm less worried about than the generation side, I guess.”

“We're finally starting to see after about 20 years of more or less flat demand in aggregate across North America and most of Europe.”

“Basic economics, right? We're seeing demand rise really quickly. We're seeing constraints on supply. All else equal, I think that means we're going to see increases in wholesale electricity prices in general. I think if you had to make a bet one way or the oth…”

“Over the past 15 to 20 years, that curve completely changed, and actually across most of North America, more or less flatlined.”

“So electricity demand grows by about 29%, so just shy of 30% over the next decade in our modeling driven primarily by electrification of vehicles, and then the secondary effect from building electrification.”