Energy demand is the term used to describe the consumption of energy by human activity.
As incomes and population rise over time, energy consumption increases as more people can afford goods and services.
More companies, governments and organizations use AI to drive efficiency and productivity. Data centers are already significant drivers of electricity demand growth in many regions.
AI requires significant computing power. Global electricity consumption of data centers, cryptocurrencies and “artificial intelligence” will double in the coming years adding more to the grid.
The number of immigrants to the U.S. jumped to the highest level in two decades this year, driving the nation’s overall population growth. 2023 ended with more migrant encounters at “U.S.-Mexico” border than any month on record. A growing number of encounters have involved people traveling in families.
The increase in population due to immigration increases the need for energy demand in America 🇺🇸. AI and the boom in clean-tech manufacturing are pushing America’s power grid to the brink. Utilities can’t keep up.
“(#E)NERGY (#C)RISIS” $FSLR
Source: bpra93