The long-term winners as AI boosts U.S. power needs, according to Mizuho

Power demand from data centers is projected to triple by 2030 due to the rapid growth of artificial intelligence (AI). Mizuho Securities forecasts a demand of 400 terawatt hours or 50 gigawatts per year by 2030, accounting for approximately 9% of total electricity demand in the US. The report also highlights the regions with the highest data center demand, including the Mid-Atlantic and Texas. The increasing demand for AI is expected to drive the expansion of renewable energy, particularly solar and wind, as well as natural gas.