US power demand to hit new highs on data center buildout
The federal projections come after two years of record electricity demand peaks.
US power demand is anticipated to reach new peaks in 2026 and 2027, according to a federal forecast. Data centers are primarily responsible for this surge, reported the Energy Information Administration. The agency reduced its demand predictions for Texas following the implementation of a data center construction moratorium by the state's Republican governor.
It is projected that coal's share of power generation will decrease to 15% by 2027, with renewables taking over. Meanwhile, governors from various political backgrounds are increasingly intervening to curb power prices, and California's attorney general has initiated an investigation into the Trump administration's recent offshore wind acquisition agreements.
However, if the wind industry is facing challenges, it appears Orsted and Vestas, the leading wind manufacturers and installers, are not affected, as they surpassed Wall Street estimates for Q2 earnings.
Written by urgent.news from Semafor's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
