US power demand to hit record highs in 2027 amid AI consumption, EIA says

According to projections by the US Energy Information Administration, US power demand is expected to reach record highs in 2026 and 2027, driven primarily by increased consumption from data centers focused on artificial intelligence and cryptocurrency, as well as greater electricity usage by homes and businesses. The agency predicts power sales in 2026 will reach 1,541 billion kWh for residential consumers, 1,549 billion kWh for commercial customers, and 1,055 billion kWh for industrial customers, surpassing the previous peaks of 2025.

As renewable energy production increases, coal's share of power generation is projected to decline, while natural gas and renewable generation are expected to maintain and grow their respective shares.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.