(Investing) – U.S. power consumption is projected to reach record levels in the next two years, according to the Energy Information Administration’s short-term energy outlook released Tuesday. The EIA forecasts power demand will climb to 4,199 billion kilowatt-hours in 2025 and further increase to 4,267 billion kWh in 2026, up from the 2024 record of 4,110 billion kWh. This surge in
(World Oil) – The National Petroleum Council (NPC) has released the first two reports in its Future Energy Systems series, outlining a suite of reforms aimed at strengthening U.S. energy reliability as electricity demand accelerates. The reports—requested by U.S. Energy Secretary Chris Wright—call for streamlined permitting, clearer accountability frameworks, and improved coordination between natural gas and electric market regulators. NPC Chair
(Oil Price)– TotalEnergies on Tuesday announced a power purchase agreement with Data4 to supply renewable electricity to the data center developer’s sites in Spain for 10 years, as the French supermajor looks to boost its integrated power business with the key driver of global electricity demand. The power purchase agreement (PPA) will begin in January 2026 for 10 years and will
(Oil Price) – Just five years ago, no one could predict the surge in electricity demand that the United States is currently experiencing because of the proliferation of data centers as AI takes center stage in the tech industry. Many, however, predicted that nuclear is due for a renaissance—and it is getting it, in both conventional form and, in the future,
(Oil Price)– The International Energy Agency (IEA) has revealed that electricity consumption in the Middle East and North Africa (MENA) has tripled since 2000, making the region one with the fastest-growing power demand on the planet. According to the IEA, the explosive growth was mainly driven by expanding populations and rising incomes, with air conditioning accounting for nearly half of peak
(Oil Price) – Pacific Gas and Electric has unveiled a $73-billion spending program through 2030 to overhaul California’s grid as electricity demand from artificial intelligence and cloud infrastructure explodes, Reuters reported on Monday. The utility said the plan will support as much as 10 gigawatts of new load from data centers slated for development in its service territory over the next decade. Brent
(Oil Price)– Demand for electricity from data centers handling AI technology drove the price of the largest electricity auction in the United States to a new record, exceeding last year’s all-time high by 22%. Organized by PJM Interconnection, the capacity auction covers 20% of American consumers and aims to ensure that there is enough generation to respond to spikes in
(Investing) – The United States should restart shuttered coal-fired power plants under President Donald Trump’s national energy emergency declaration, Interior Secretary Doug Burgum said in a video interview with Bloomberg News on Monday. Doing so would help the U.S. to meet rising electricity demand that is being fueled by a boom in artificial intelligence, said Burgum, who chairs Trump’s National Energy
