凯德（北京）投资基金管理有限公司：燃煤电厂获紧急续命，美国应对AI浪潮电力危机

Core Viewpoint - The U.S. Department of Energy warns that without timely adjustments to the current electricity supply structure, the incidence of power outages nationwide could double by 2030 due to the surge in electricity demand from data centers driven by artificial intelligence technology [1][4]. Group 1: Electricity Demand and Supply - The competition for AI computing power is consuming electricity resources at an unprecedented rate, with a high-performance AI server consuming as much power as several American households combined [4]. - Data center electricity consumption is projected to rise significantly from 1.5% of total U.S. electricity generation to 9% by 2030, with a compound annual growth rate of 15% over the next five years [4]. - The report highlights a rapid loss of traditional power generation capacity, with plans for the retirement of traditional power plants equivalent to the output of 100 nuclear reactors over the next five years [4]. Group 2: Energy Policy and Response - In response to the impending electricity shortfall, the U.S. Department of Energy has initiated emergency measures, including extending the operational lifespan of coal-fired power plants, successfully saving two plants from retirement [6]. - Natural gas currently supplies 40% of the electricity for U.S. data centers and is expected to continue to dominate future expansion needs [6]. - The cancellation of tax incentives for wind and solar energy under the "Big and Beautiful" Act indicates a significant shift in U.S. energy policy, making the balance between AI computing demands and electricity supply a core issue affecting multiple stakeholders [8].