Al, data centers and the coming US power demand surge

Note: The following is a redacted version of the original report published April 28, 2024 [43 pages]. EQUITY RESEARCH | April 28, 2024 | 10:34PM EDT AI, data centers and the coming US power demand surge Driven by AI, broader demand and a deceleration in the pace of energy efficiency gains, global data center power demand is poised to more than double by 2030 after being flattish in 2015-20. This growth is the primary catalyst alongside increasing manufacturing/industrial production and broader electrificati ...