AI Reshaping Global Energy Outlook

AI reshaping global energy outlook

KUALA LUMPUR: The accelerating rise of artificial intelligence (AI) is reshaping global energy dynamics, creating a new and urgent surge in electricity demand, said S&P Global vice chairman Dr Daniel Yergin. © New Straits Times Press (M) Bhd

Big Tech Is Behind Your Massive Electric Bill

This is a web version of The Lever’s daily email newsletter. Forward this email to others so they can sign up 🔥 Today’s Lever story: Florida is poised to eliminate long-standing guardrails limiting increasingly risky investments in Israel’s war.👇 Spend three minutes reading this 913-word newsletter to learn about: Which Democratic governor is laying out the red carpet for data centers.How superstores could soon force you to pay in their own cu…

Why are electric bills rising so fast?

Electric bills are rising across the United States, driven by the costs of aging electrical infrastructure and surging demand from data centers that power artificial intelligence. The bottom line for American households is creeping upward with no end in sight.Electricity bills are "rising even faster than the cost of groceries," said The Wall Street Journal. While overall consumer prices rose 2.4% year-over-year in May, power costs increased 4.5…

America's power grid faces unprecedented challenge as AI and crypto drive demand skyward

The rise of artificial intelligence and the increasing popularity of cryptocurrency will continue to push electricity consumption to record highs in 2025 and 2026.The U.S. Energy Information Administration (EIA), in its latest Short-Term Energy Outlook (STEO), said power demand will rise to 4,193 billion kilowatt-hours (kWh) in 2025 and 4,283 billion kWh in 2026 from a record 4,097 billion kWh in 2024.Data centers will account for the most signi…

Report confirms global progress towards secure, equitable and sustainable energy - Worldstage

Global progress towards secure, equitable and sustainable energy is accelerating after years of sluggish gains, according to a World Economic Forum report released today. However, rising geopolitical tensions, investment gaps, and a growing disconnect between clean energy innovation and deployment where it is needed most threaten to undermine momentum. The Fostering Effective Energy Transition 2025 report, developed in collaboration with Accentu…