Industry

We truly live in a Digital Age.
It seems everything we touch powers up and requires a charge. But with new technological advances including AI, cloud storage, crypto mining and endless internet sources, the global energy demand is increasing at an unprecedented rate.

Leaders of the global financial industry have recognized this insatiable need for energy. After all, the U.S. Energy Industry generates an impressive $6 Trillion/year. As a result,
the largest investment funds in the world are now investing heavily in
energy infrastructure, ETFs and data centers.

Why? The industry is growing faster than ever, and the
demand is far greater than the availability.

Data center demand

3%
Data center’s current
share of US power demand
8%
Expected share of data center’s US power demand by 2030
20%
AI’s share of total data center power demand by 2030
+160%
Expected growth of data center power demand by 2030

AI’s Role

  • Electricity Demands for AI
  • Growth of Power Contracts Signed for AI

Coming Up Short

+47 GW
Incremental power generation required to
support data center demand by 2030
+$50B
Expected capex for US power
 generation through 2030

Where’s the Power?

  • Lack of readily available power
  • Extended lead times to build infrastructure
  • Material delays
  • Lack of experience building utility-scale facilities
  • Large financial barriers to entry

Source: Goldman Sachs Equity Research April 28, 2024

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