Energy Consumption & Projections - Data centers' electricity consumption in the US has seen tremendous growth since 2018 [1] - In 2018, data centers accounted for 19% of US electricity consumption [1] - By 2023, data centers consumed 415% of US electricity, approximately 147 terawatt hours [1] - Data center electricity consumption is projected to rise to over 600 terawatt hours by 2030 [1] - This year's data center electricity consumption has grown by over 30% in 2 years [1] Natural Gas Market Impact - Increased electricity demand could significantly impact the natural gas market [2] - Natural gas is the primary source for electrical generation in the United States [2] - Increased demand could potentially raise natural gas prices and increase volatility [2] - Natural gas prices have been low for the last 15 years due to the boom in fracking [2]