We hosted an expert call on US power market this week. The expert forecasts around 80GW of incremental peak demand in US by 2030, driven by the rise of AI data centers. This would drive overall power demand growth acceleration to >2.5% CAGR towards 2030, vs. c1% in the past decade. However, the US power system seems unready for such power demand upcycle. The grid is under pressure, as the firm generation reserve margin dropped below 15% in 2024, and has kept trending down. Generation and grid investment app ...