📈 Global data center power demand is set to accelerate:

Data center power demand is expected to grow +220% from 2023 levels, or +905 TWh, to a record 1,350 TWh by 2030, according to Goldman Sachs. This is up from the previously expected +175%, driven by higher AI server shipment projections and increased deployment of more power-intensive servers for AI processing.

60% of this growth is expected to come from the US, up from 50% in prior estimates. As a result, US data center power demand is set to reach 750 TWh, followed by the rest of the world at ~600 TWh. Furthermore, US data center capac