Utility Dive: Electrification, manufacturing to propel 1.5% annual US electric demand growth through 2026
24 Jan 2024
News
After falling 1.6% last year on mild weather, U.S. electricity use is set to grow 1.5% per year from 2024 through 2026, driven by increased manufacturing and electrification in the transportation and building sectors, the International Energy Agency, or IEA, said Wednesday.
About a third of the additional demand is expected to come from the rapidly growing data center sector, according to the agency’s annual electricity report.
In part, the anticipated demand growth is spurred by provisions in the Inflation Reduction Act and the bipartisan infrastructure law that offer incentives for electric heat pumps, water heaters and other energy saving electric appliances, the IEA said.
More Topics
JLL: Getting data centers ready for the AI boom
Jan 18 2024The buzz around artificial intelligence (AI) that erupted in the past year turned commercial real estate’s attention on data centers: namely whether they could support the pace of AI’s quickening advance, from building design and rack densities to its environmental impact and compliance with evolving government regulations.“Data centers only rose...
U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced today that USDA is awarding $19 million in grants to U.S. business owners to increase the availability of domestic biofuels in 22 states and give Americans cleaner, more affordable fuel options at gas station pumps as part of President Biden’s Bidenomics...
Industrial real estate is key to establishing an efficient supply chain. There are several critical business imperatives such as growth or new market entry, contraction and cost takeout, mergers and acquisitions or spinouts, changes in the customer promise, and risk mitigation efforts that can create opportunities for change within a...
Tom Lambrecht