Intelligence Feed event · Equity · 2026-10-11

    AI Data Center Power Consumption Projected to Double to 945 TWh by 2030

    Question

    AI Data Center Power Consumption Projected to Double to 945 TWh by 2030

    Direct answer

    Forecasts indicate that global electricity demand from artificial intelligence data centers will double between 2024 and 2030, reaching 945 terawatt-hours annually. This structural load growth requires extensive investments across grid equipment, backup generation, and thermal cooling solutions, benefiting electrical equipment manufacturers and regulated utilities.

    Original publisher
    Market Ontology
    Evidence through
    2026-10-11
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “AI Data Center Power Consumption Projected to Double to 945 TWh by 2030”, revision 1, evidence through 2026-10-11. https://marketontology.com/market-events/2026-10-11/ai-data-center-power-consumption-projected-to-double-to-945-twh-by-2030-389d8b

    EQUITY
    AI Data Center Power Consumption Projected to Double to 945 TWh by 2030
    Forecasts indicate that global electricity demand from artificial intelligence data centers will double between 2024 and 2030, reaching 945 terawatt-hours annually. This structural load growth requires extensive investments across grid equipment, backup generation, and thermal cooling solutions, benefiting electrical equipment manufacturers and regulated utilities.
    ETNVRTNEE
    Impact
    64
    OCT 11
    SIG
    80%
    ETNVRTNEE
    AI Data Center Power Consumption Projected to Double to 945 TWh by 2030
    Forecasts indicate that global electricity demand from artificial intelligence data centers will double between 2024 and 2030, reaching 945 terawatt-hours annually. This structural load growth requires extensive investments across grid equipment, backup generation, and thermal cooling solutions, benefiting electrical equipment manufacturers and regulated utilities.
    → Projected doubling of data center power demand to 945 TWh expands utility load growth requirements and drives order backlogs for grid equipment suppliers.
    Impact
    Forecasts indicate that global electricity demand from artificial intelligence data centers will double between 2024 and 2030, reaching 945 terawatt-hours annually. This structural load growth requires extensive investments across grid equipment, backup generation, and thermal cooling solutions, benefiting electrical equipment manufacturers and regulated utilities.
    Affected
    ETNVRTNEE
    Transmission
    Projected doubling of data center power demand to 945 TWh expands utility load growth requirements and drives order backlogs for grid equipment suppliers.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    ETNorder backlog expansion for data center electrical switchgear and distributionUp1-3mElectrical equipment providers highlighted for data center power chain expansion.
    VRThigh-density thermal cooling system demand expansionUp1-3mCooling solutions demand driven by AI data center expansion.
    NEElong-term commercial power purchase agreements for AI compute loadUp1-3mPower generation utility exposure to multi-year data center demand.

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    What happened next

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