
Bank of America (BAC) predicts a perfect storm brewing for the electrical grid, with manufacturing, data centers, artificial intelligence (AI), and the electrification drive converging to amplify demand. This surge is anticipated to put immense pressure on “an already-tight electrical grid,” according to the brokerage firm.
According to the annual electricity report from the International Energy Agency (IEA), global data center electricity usage is set to double by 2026. Data centers consumed 460TWh in 2022, which could exceed a staggering 1,000TWh by 2026. These findings underscore a substantial challenge looming over the global energy infrastructure.