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.
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