Over recent years, artificial intelligence (AI) has emerged as a game-changer across industries, driving innovation at an unprecedented pace. With the world leaning on AI technologies, data center demand is soaring to keep pace with technological strides and meet evolving needs. Goldman Sachs (GS) predicts data center power demand to expand at a 15% compound annual growth rate from 2023 to 2030 in the U.S.
As electricity demand surges due to skyrocketing data center needs, natural gas fuels the AI-driven infrastructure behind the scenes, which is vital for powering operations. According to Goldman Sachs, natural gas is expected to meet 60% of the new electricity demand stemming from data centers.
