Overview
- Rystad reports that data centers are now the leading source of new electricity demand in North America, prompting developers to build private substations and on-site generation to hit aggressive timelines.
- Energy providers are pitching flexible gas turbines, reciprocating engines and storage, along with “stability as a service,” to manage voltage sensitivity and contain rising network costs for large power users.
- A Kobeissi Letter analysis cited by Benzinga projects global electricity demand to rise about 30% by 2035, with data centers’ share more than doubling and usage concentrated in the U.S. and China.
- Clean-energy strategies are scaling as the U.S. Department of Energy funds $7 billion in regional hydrogen hubs and operators pilot renewables-plus-storage “energy parks” and hydrogen-fueled turbines, including a Google test in the U.S. Southwest.
- Investors are positioning around independent power producers and nuclear-linked firms, while The National reports OpenAI’s long-term compute deals on a scale likened to the draw of roughly 20 nuclear reactors as nations race to secure chips, data centers and energy within competing tech blocs.