More Electricity Needed Faster to Further National Energy Security, Says S&P Global Report by Kim Riley
The summary of the S. National Power Demand Study— which will be released in its entirety in the coming weeks — highlights the extent of the electricity demand growth facing the United States, and presents some of the tools that can be tapped to meet the moment in furtherance of national energy security. Electricity demand in America will surge by 35 percent to 50 percent between 2024 and 2040, primarily driven by AI data centers, new manufacturing activity, electric vehicles (EVs), space-heating electrification, and broad economic growth, according to the S&P Global study. A key finding is that the demand is growing faster than the supply of new energy solutions that could power it, creating an urgent need for faster policy action on permitting and grid interconnection and an all-of-the-above energy strategy within the sector, according to S&P Global. More electricity needed faster to further national energy security, says S&P Global report – Daily Energy Insider