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The global energy landscape is witnessing a transformative shift amid escalating electricity demands driven by artificial intelligence (AI) data centers. Leading investment bank Goldman Sachs (GS) predicts that AI is poised to catalyze a whopping 160% surge in data center power demand by 2030, with these centers consuming 8% of the total U.S. electricity output by 2030, compared to just 3% in 2022.
Furthermore, the International Energy Agency (IEA) forecasts global data center electricity consumption to soar beyond 1,000 TWh by 2026, much higher than the 460 TWh consumed by data centers in 2022.