A wave of artificial intelligence infrastructure is sparking a massive U.S. power boom, with Goldman Sachs projecting electricity demand growth not seen since the 1990s — and it’s opening the door to new investment opportunities across the energy and tech supply chains.
Goldman Sachs now forecasts global data center electricity usage — including AI and legacy (non-AI) — to grow 175% by 2030 compared to 2023. That's up from its previous forecast of 165% and roughly equivalent to adding a new top 10 global power-consuming country to the grid.
