Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Why the AI Bubble Doesn’t Feel Like Other Bubbles

October 14, 2025

EU presses US to drop tariffs on metals content – Oil & Gas 360

October 14, 2025

Oil market braces for contango and shale slowdown – Oil & Gas 360

October 14, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Data Centers Drive US Power Demand, McKinsey Report Says
U.S. Energy Policy

Data Centers Drive US Power Demand, McKinsey Report Says

omc_adminBy omc_adminOctober 14, 2025No Comments3 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Only in the US are data centers the main driver of surging global power demand, a new report from consulting firm McKinsey & Company says.

Industrial development is on pace to double global electricity demand by 2050, according to McKinsey & Company’s Global Energy Perspective 2025 report. The race to build artificial intelligence data centers is a key driver of that demand in Western Europe, China, and North America.

“After analyzing a detailed pipeline of data center projects, we predict an average global growth rate of 17% per year in data-center-related power demand between 2022 and 2030,” the report states.

In the US, that average growth rate jumps to 25%.

By 2030, data centers could account for more than 14% of the US’s total power demand, even with gains in energy efficiency from new chips and sustainable data center infrastructure. That rate is more than triple the amount of power US data centers used in 2023.

Big Tech companies are building massive new data center campuses across the country and are continuing to announce new projects. Utilities are projecting 60 gigawatts — enough electricity to power six cities — of new power demand will come from data centers alone through the end of the decade.

From Virginia to Louisiana and Arizona, the major public utilities are seeking regulatory approval to build new power plants and transmission lines. These projects often run into the billions of dollars, and have raised questions over how much of the costs should be passed on to residential and small business ratepayers.

Related stories

Business Insider tells the innovative stories you want to know

Business Insider tells the innovative stories you want to know

In August, regulators approved Entergy Louisiana’s plans to recover $5 billion in construction costs for three new natural gas plants needed to serve a Meta data center under construction in the state.

Some companies are taking matters into their own hands. The Stargate campus in Abilene, Texas — home to an Oracle data center that will house a massive cluster of OpenAI’s servers — is being powered by an on-site natural gas plant.

The McKinsey report notes that amid rising electricity demand, fossil fuels are likely to remain a large part of the energy mix through 2050.

Nascent low-carbon energy technologies such as carbon capture and hydrogen power are taking longer than expected to mature, and are likely to remain a small part of the market over the next few decades, the report states.



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Why the AI Bubble Doesn’t Feel Like Other Bubbles

October 14, 2025

Alexis Ohanian Says ‘Much of the Internet Is Now Dead’

October 14, 2025

OpenAI Is Set to Dominate a $700 Billion Market by 2030

October 14, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

bp sees weaker oil trading but stronger upstream production growth

By omc_adminOctober 14, 2025

(Bloomberg) – bp Plc said weak oil trading undercut profit while production increased for a…

Bloom Energy Founder Worth $500 Million After Brookfield Datacenter Deal

October 14, 2025

McKinsey’s Global Energy Perspective 2025 Warns of Slower Transition Despite Renewables Growth

October 14, 2025

Swedish Green Steel Firm Stegra Launches $1B Round to Finish Hydrogen Steel Plant

October 14, 2025
Top Trending

CFM Raises Over US$1 Billion for Climate Infrastructure Fund

By omc_adminOctober 14, 2025

Pentagon retreats from climate fight even as heat and storms slam US troops | Climate crisis

By omc_adminOctober 14, 2025

Almost all external insulation fitted under Tory scheme needs repair or replacing, report finds | Energy efficiency

By omc_adminOctober 14, 2025
Most Popular

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 20259 Views

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20252 Views
Our Picks

BP Picks Valaris Rig to Drill Series of Wells in Med

October 14, 2025

Shell Approves New Upstream Project for Nigeria LNG

October 14, 2025

IEA Sees Drone Strikes Suppressing Russia Refinery Runs to Mid-2026

October 14, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.