Fast forward: Electricity demand expected to grow 25% by 2030
In large part due to the rapid spike of data center growth, forecasters have engaged in a continuous cycle of raising projections over the past two years to match the reality of accelerating electricity demand growth.
Our analysis shows that U.S. electricity demand is expected to grow 25% by 2030 and 78% by 2050 from 2023 levels. Similarly, we expect U.S. peak electricity demand to grow 14% by 2030 and 54% through 2050. This is a dramatic increase—not just from historical growth over the past two decades, but also from the future growth projections we made as recently as last year.
Get the full report for new data and insights on demand growth, the potential impacts, and recommendations for grid stakeholders.
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