A surge in demand for natural gas in the United States is expected in the next decade, as artificial intelligence (AI) drives an increase in electricity consumption that renewables may have difficulty meeting on their own.
After a decade of steady energy growth in the United States, electricity demand is expected to grow as much as 20% by 2030, according to a Wells Fargo analysis published in April.
Energy companies are moving to secure the required energy quickly, as the emergence of AI coincides with the expansion of domestic semiconductor and battery manufacturing, in addition to the electrification of the vehicle fleet in the United States, according to a CNBC report.
AI data centers alone are expected to add about 323 terawatt hours to US electricity demand by 2030.
The projected energy demand from AI alone is 7x greater than New York City's current annual electricity consumption of 48 terawatt hours.
Golden Man Sachs expects data centers to represent 8% of total US electricity consumption by the end of the decade.
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