Full Title: Rising Current: America’s Growing Electricity Demand
Author(s): Lalit Batra, Deb Harris, George Katsigiannakis, Justin Mackovyak, Himali Parmar, and Maria Scheller
Publisher(s): ICF
Publication Date: May 28, 2025
Full Text: Download Resource
Description (excerpt):
Americans have been demanding more electricity recently, a sudden
shift from nearly two decades of low U.S. load growth. What’s more,
the growth trend is rapidly accelerating, potentially leading to the
greatest era of load growth since post-World War II nationwide
electrification.
Artificial intelligence (AI), cloud-based services, and cryptocurrencies
are driving demand for new data centers and computing power
as quickly as they are driving new business opportunities. A wave
of new technology manufacturing and oil and gas production is
revitalizing the country’s industrial base—and industrial electricity
demand with it. Homes and businesses are increasingly choosing
electric vehicles, heat pumps, and other electricity-hungry products.
This report discusses how demand for electricity will grow over the
next 25 years, where it will grow, and the potential impacts on the
reliability and affordability of electricity in the United States.