8%
Electricity Demand
Electricity demand in the U.S. is projected to grow at 6%–8% annually over the next decade, after years of flat growth.[^1]
15%
Rising Demand
By 2030, electricity demand from data centers alone could rise to 11%–15% of total U.S. generation, up from 6%–8% in 2024.[^3]
50%
Renewable Energy Market
Renewable energy sources, particularly solar and wind, are expected to account for 50% of the market by 2025, with solar generation growing 30% year-over-year in 2024.[^2][^3]
$174B
Capital Expenditures
Capital expenditures by U.S. electric utilities could reach $174 billion by the end of 2024, with 42% allocated to transmission and distribution upgrades.[^3]