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The demand for data centers is growing significantly, driven by factors like generative artificial intelligence and increased technology usage. According to Goldman Sachs Research, global data center power demand is expected to more than double by 2030. To meet this load growth, utilities will need to invest around US$50 billion in new power generation capacity. In fact, data centers may account for up to one-third of the anticipated increase in US electricity demand from 2024 through 2026. Data center power demand is estimated to grow by 10 percent to 15 percent annually through 2030, potentially reaching 9 percent of overall power consumption in the US. Industry leaders discussed these factors and shared their insights on strategies to prepare for this increasing demand.

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Speakers

Welcome: Christine Scanlan, President and CEO, Keystone Policy Center

Opening remarks: Clint Vince, Chair of the US Energy practice, Co-chair of the Global Transportation & Infrastructure sector for the US Region, and Co-chair of the Global Smart Cities & Connected Communities Think Tank, Dentons

Moderator: Andrew Mina, Partner, Energy practice, Dentons

Panelists:

• Kelly Speakes-Backman, Executive Vice President, Public Affairs, Invenergy LLC
• Jason Stanek, Executive Director of Governmental Services, PJM
• Rudy Beese, Partner, Real Estate practice, Dentons