U.S. natural gas producers believe they have a role to play in providing gas for the soaring power demand from data centers and AI technologies. While most large technology corporations seek solar or wind capacities to power their AI developments and data centers, renewables alone would not be enough to cover the growing demand for electricity, executives have told the Financial Times. Natural gas, which currently meets 43.1% of U.S.
utilities and regulators have raised significantly their forecasts for peak power demand in the coming decade. After more than a decade of flatlining power consumption in America, the AI boom and the chip and other tech manufacturing are leading to higher U.S. electricity demand. Consulting firm Grid Strategies published a report earlier this year analyzing data from utilities' regulatory findings.