NEMA Says U.S. Annual Electricity Consumption Will Rise by More Than 55% by 2050; Data Center Power Use May Jump 300% Over the Next 10 Years
According to an updated electricity demand forecast from NEMA, U.S. annual electricity consumption is projected to grow by more than 55% by 2050, with the fastest growth concentrated in the current decade. Data center electricity use is expected to rise by 300% over the next 10 years. The same forecast also says electricity’s share of U.S. final energy consumption will increase from 18% to 28%, electric transportation energy use could grow by 2,000% by 2050, and storage, wind, and solar power generation are expected to increase by 300%.