Dwayne Adams CFP®, AIF®, RFC’s Post

💡🔌 U.S. electric utilities are preparing for a surge in power demand driven by the growth of data centers used for technologies like AI. This growing demand leads to revisions in capital expenditure plans and demand forecasts. In fact, nine of the top 10 U.S. electric utilities have identified data centers as a primary source of customer growth. Power usage from data centers is expected to triple globally from less than 15 terawatt-hours in 2023 to 46 TWh this year. By 2030, the power demand from IT equipment in U.S. data centers is projected to reach more than 50 gigawatts, up from 21 GW in 2023. But here's the catch: the rapid growth raises concerns about whether the electric utility industry, known for its slow and steady returns, can keep up with the rising power demand due to a backlog of power generation and transmission projects. As investors, it's essential to stay informed about these trends as they can influence the performance of utility stocks and the broader energy sector. #DataCenters #PowerDemand #InvestingInsights 💡🔌 https://lnkd.in/e8D9ZFbB

💡🔌 U.S. electric utilities are preparing for a surge in power demand driven by the growth of data centers used for technologies like AI. This growing demand leads to revisions in capital expenditure plans and demand forecasts. In fact, nine of the top 10 U.S. electric utilities have identified data centers as a primary source of customer growth. Power usage from data centers is expected to triple globally from less than 15 terawatt-hours in 2023 to 46 TWh this year. By 2030, the power demand from IT equipment in U.S. data centers is projected to reach more than 50 gigawatts, up from 21 GW in 2023. But here's the catch: the rapid growth raises concerns about whether the electric utility industry, known for its slow and steady returns, can keep up with the rising power demand due to a backlog of power generation and transmission projects. As investors, it's essential to stay informed about these trends as they can influence the performance of utility stocks and the broader energy sector. #DataCenters #PowerDemand #InvestingInsights 💡🔌 https://lnkd.in/eTEeg4SG

💡🔌 U.S. electric utilities are preparing for a surge in power demand driven by the growth of data centers used for technologies like AI. This growing demand leads to revisions in capital expenditure plans and demand forecasts. In fact, nine of the top 10 U.S. electric utilities have identified data centers as a primary source of customer growth. Power usage from data centers is expected to triple globally from less than 15 terawatt-hours in 2023 to 46 TWh this year. By 2030, the power demand from IT equipment in U.S. data centers is projected to reach more than 50 gigawatts, up from 21 GW in 2023. But here's the catch: the rapid growth raises concerns about whether the electric utility industry, known for its slow and steady returns, can keep up with the rising power demand due to a backlog of power generation and transmission projects. As investors, it's essential to stay informed about these trends as they can influence the performance of utility stocks and the broader energy sector. #DataCenters #PowerDemand #InvestingInsights 💡🔌 Source: https://lnkd.in/g36QYeS2

💡🔌 U.S. electric utilities are preparing for a surge in power demand driven by the growth of data centers used for technologies like AI. This growing demand leads to revisions in capital expenditure plans and demand forecasts. In fact, nine of the top 10 U.S. electric utilities have identified data centers as a primary source of customer growth. Power usage from data centers is expected to triple globally from less than 15 terawatt-hours in 2023 to 46 TWh this year. By 2030, the power demand from IT equipment in U.S. data centers is projected to reach more than 50 gigawatts, up from 21 GW in 2023. But here's the catch: the rapid growth raises concerns about whether the electric utility industry, known for its slow and steady returns, can keep up with the rising power demand due to a backlog of power generation and transmission projects. As investors, it's essential to stay informed about these trends as they can influence the performance of utility stocks and the broader energy sector. #DataCenters #PowerDemand #InvestingInsights 💡🔌 https://lnkd.in/eFp3BfWY

💡🔌 U.S. electric utilities are preparing for a surge in power demand driven by the growth of data centers used for technologies like AI. This growing demand leads to revisions in capital expenditure plans and demand forecasts. In fact, nine of the top 10 U.S. electric utilities have identified data centers as a primary source of customer growth. Power usage from data centers is expected to triple globally from less than 15 terawatt-hours in 2023 to 46 TWh this year. By 2030, the power demand from IT equipment in U.S. data centers is projected to reach more than 50 gigawatts, up from 21 GW in 2023. But here's the catch: the rapid growth raises concerns about whether the electric utility industry, known for its slow and steady returns, can keep up with the rising power demand due to a backlog of power generation and transmission projects. As investors, it's essential to stay informed about these trends as they can influence the performance of utility stocks and the broader energy sector. #DataCenters #PowerDemand #InvestingInsights 💡🔌 https://lnkd.in/g59ym_Bk

💡🔌 U.S. electric utilities are preparing for a surge in power demand driven by the growth of data centers used for technologies like AI. This growing demand leads to revisions in capital expenditure plans and demand forecasts. In fact, nine of the top 10 U.S. electric utilities have identified data centers as a primary source of customer growth. Power usage from data centers is expected to triple globally from less than 15 terawatt-hours in 2023 to 46 TWh this year. By 2030, the power demand from IT equipment in U.S. data centers is projected to reach more than 50 gigawatts, up from 21 GW in 2023. But here's the catch: the rapid growth raises concerns about whether the electric utility industry, known for its slow and steady returns, can keep up with the rising power demand due to a backlog of power generation and transmission projects. As investors, it's essential to stay informed about these trends as they can influence the performance of utility stocks and the broader energy sector. #DataCenters #PowerDemand #InvestingInsights 💡🔌 https://lnkd.in/e_3sm8Mu

💡🔌 U.S. electric utilities are preparing for a surge in power demand driven by the growth of data centers used for technologies like AI. This growing demand leads to revisions in capital expenditure plans and demand forecasts. In fact, nine of the top 10 U.S. electric utilities have identified data centers as a primary source of customer growth. Power usage from data centers is expected to triple globally from less than 15 terawatt-hours in 2023 to 46 TWh this year. By 2030, the power demand from IT equipment in U.S. data centers is projected to reach more than 50 gigawatts, up from 21 GW in 2023. But here's the catch: the rapid growth raises concerns about whether the electric utility industry, known for its slow and steady returns, can keep up with the rising power demand due to a backlog of power generation and transmission projects. As investors, it's essential to stay informed about these trends as they can influence the performance of utility stocks and the broader energy sector. #DataCenters #PowerDemand #InvestingInsights 💡🔌 https://lnkd.in/eFp3BfWY

💡🔌 U.S. electric utilities are preparing for a surge in power demand driven by the growth of data centers used for technologies like AI. This growing demand leads to revisions in capital expenditure plans and demand forecasts. In fact, nine of the top 10 U.S. electric utilities have identified data centers as a primary source of customer growth. Power usage from data centers is expected to triple globally from less than 15 terawatt-hours in 2023 to 46 TWh this year. By 2030, the power demand from IT equipment in U.S. data centers is projected to reach more than 50 gigawatts, up from 21 GW in 2023. But here's the catch: the rapid growth raises concerns about whether the electric utility industry, known for its slow and steady returns, can keep up with the rising power demand due to a backlog of power generation and transmission projects. As investors, it's essential to stay informed about these trends as they can influence the performance of utility stocks and the broader energy sector. #DataCenters #PowerDemand #InvestingInsights 💡🔌 https://lnkd.in/en6VJytb

💡🔌 U.S. electric utilities are preparing for a surge in power demand driven by the growth of data centers used for technologies like AI. This growing demand leads to revisions in capital expenditure plans and demand forecasts. In fact, nine of the top 10 U.S. electric utilities have identified data centers as a primary source of customer growth. Power usage from data centers is expected to triple globally from less than 15 terawatt-hours in 2023 to 46 TWh this year. By 2030, the power demand from IT equipment in U.S. data centers is projected to reach more than 50 gigawatts, up from 21 GW in 2023. But here's the catch: the rapid growth raises concerns about whether the electric utility industry, known for its slow and steady returns, can keep up with the rising power demand due to a backlog of power generation and transmission projects. As investors, it's essential to stay informed about these trends as they can influence the performance of utility stocks and the broader energy sector. #DataCenters #PowerDemand #InvestingInsights 💡🔌 https://lnkd.in/ezGYntVw

💡🔌 U.S. electric utilities are preparing for a surge in power demand driven by the growth of data centers used for technologies like AI. This growing demand leads to revisions in capital expenditure plans and demand forecasts. In fact, nine of the top 10 U.S. electric utilities have identified data centers as a primary source of customer growth. Power usage from data centers is expected to triple globally from less than 15 terawatt-hours in 2023 to 46 TWh this year. By 2030, the power demand from IT equipment in U.S. data centers is projected to reach more than 50 gigawatts, up from 21 GW in 2023. But here's the catch: the rapid growth raises concerns about whether the electric utility industry, known for its slow and steady returns, can keep up with the rising power demand due to a backlog of power generation and transmission projects. As investors, it's essential to stay informed about these trends as they can influence the performance of utility stocks and the broader energy sector. #DataCenters #PowerDemand #InvestingInsights 💡🔌 https://lnkd.in/eM_QX9nc