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Data Centers Are Sending Global Electricity Demand Soaring
Oil Price ^ | 12/06/2024 | Felicity Bradstock

Posted on 12/06/2024 7:06:49 PM PST by SeekAndFind

The global electricity demand is expected to grow exponentially in the coming decades, largely due to an increased demand from tech companies for new data centers to support the rollout of high-energy-consuming advanced technologies, such as artificial intelligence (AI). As governments worldwide introduce new climate policies and pump billions into alternative energy sources and clean tech, these efforts may be quashed by the increased electricity demand from data centers unless greater international regulatory action is taken to ensure that tech companies invest in clean energy sources and do not use fossil fuels for power.

The International Energy Agency (IEA) released a report in October entitled “What the data centre and AI boom could mean for the energy sector”. It showed that with investment in new data centers surging over the past two years, particularly in the U.S., the electricity demand is increasing rapidly – a trend that is set to continue.

The report states that in the U.S., annual investment in data center construction has doubled in the past two years alone. China and the European Union are also seeing investment in data centers increase rapidly. In 2023, the overall capital investment by tech leaders Google, Microsoft, and Amazon was greater than that of the U.S. oil and gas industry, at approximately 0.5 percent of the U.S. GDP.

The tech sector expects to deploy AI technologies more widely in the coming decades as the technology is improved and becomes more ingrained in everyday life.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy; Computers/Internet; Society
KEYWORDS: ai; data; datacenter; electricbills; electricgrid; electricity; electricitydemand; energy; grid; infrastructure; power
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1 posted on 12/06/2024 7:06:49 PM PST by SeekAndFind
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To: SeekAndFind

High demand=higher electric bills


2 posted on 12/06/2024 7:08:49 PM PST by piasa (Attitude adjustments offered here free of charge)
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To: SeekAndFind

SMR stock was 2 bucks this year. Its over 24 now.

NuScale.

12 fold.


3 posted on 12/06/2024 7:11:32 PM PST by eyedigress (Trump is my President!)
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To: eyedigress

Same with Nano Nuc.

NNE


4 posted on 12/06/2024 7:12:12 PM PST by eyedigress (Trump is my President!)
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To: SeekAndFind

Data centers

Bitcoin mining warehouses

Hackers

Militaries computer systems


5 posted on 12/06/2024 7:52:50 PM PST by Secret Agent Man (Gone Galt; not averse to Going Bronson.)
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To: SeekAndFind
Ok, tell me if I'm off base here for a free-market solution. Keeping in mind that the power system serves as a public service as a shared utility with equal access. Perhaps this could be sanctioned at the provider level.

When an individual consumer of electricity increases their consumption relative to the provider's ability to produce power, be it local, regional or state then the customer is charged a premium. Maybe a fairly steep premium. Call it a privately subsidized credit from the large consumers to ensure access to the power market by the little guy. This would allow the power provider to keep pace with demand and maintain or expand infrastructure? Does this violet a principal that my gin cannot bring to mind presently?
6 posted on 12/06/2024 7:57:05 PM PST by Texas_Jarhead
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To: SeekAndFind
All these power sucking data centers have their own back up systems and back up systems for the back up systems, i.e. their own power generators on site.

Make them use them.

7 posted on 12/06/2024 8:00:31 PM PST by Manic_Episode (Harpazo imminent. Each post may be my last. It's been real =)
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To: SeekAndFind
Real GDP is strongly correlated with total energy consumption. In fact, the only differences between the two are variations in energy use efficiency, which long term are temporary.

The USA has 4% of the world population, but accounts for 25% of world wealth production, and not coincidentally, consumes 25% of world energy. Jobs pay higher in the USA due to higher levels of automation, which continues to increase, though greatly slowed by imported distortions to the job market.

A country's standard of living is proportional to total energy consumption, and higher consumption is only possible using automation.

Free market energy producers hate big government, which is why leftists always nationalize or destroy the producers they cannot shake down. Leftist hate for atmospheric carbon, the star player in the carbon cycle and the limiting resource for all organic life on earth, is just a proxy for the left side of the bell curve hating the right.

8 posted on 12/06/2024 8:04:02 PM PST by Reeses
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To: SeekAndFind
The Krell encountered and solved this problem eons ago, with unintended consequences.
9 posted on 12/06/2024 8:28:06 PM PST by PeaRidge
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To: eyedigress

I own it. I just added some more. i also own OKLO, UEC and CCJ.


10 posted on 12/06/2024 8:35:30 PM PST by lasereye
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To: SeekAndFind

SLURP....!
Just add windmills and solar panels on the rooftops of the data centers...


11 posted on 12/07/2024 2:27:05 AM PST by minnesota_bound (Need more money to buy everything now)
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To: minnesota_bound

Or, small nuclear plants. They power a nuclear submarine for 20+ years on less than 50 pounds of fuel. Same should apply to physical plants on land, with the main problem likely to be cooling water/tower, maybe?

Stop the gnashing of teeth over this crap. Produce the power.


12 posted on 12/07/2024 4:40:09 AM PST by PubliusMM (RKBA; a matter of fact, not opinion. The Dhimmicraps are ALL Traitors. All of them.)
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To: PeaRidge
The Krell encountered and solved this problem eons ago, with unintended consequences.


13 posted on 12/07/2024 6:00:50 AM PST by jdt1138 (Where ever you go, there you are.)
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To: SeekAndFind

WAIT UNTIL COMMUNITIES find out how much WATER these places use EVERY SINGLE DAY...

USE-—DO NOT RECYCLE——USE


14 posted on 12/07/2024 6:03:43 AM PST by ridesthemiles (not giving up on TRUMP---EVER)
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To: Manic_Episode

THEY USE A MASSIVE AMOUNT OF WATER DAILY-—

TO KEEP THE SERVERS COOL.

USE-—NOT RECYCLE-—OVER 450,000 gallons a day


15 posted on 12/07/2024 6:05:28 AM PST by ridesthemiles (not giving up on TRUMP---EVER)
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To: SeekAndFind

The rapid growth of data centers to support AI is significantly increasing global electricity demand.

They should be made to produce their own electricity the demand keeps out pacing the production of it why keep stiffing the little people (worker bees).


16 posted on 12/07/2024 6:52:04 AM PST by Vaduz
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To: eyedigress

Polywell Computer is still around? I have a history with them.

Incredible!


17 posted on 12/07/2024 6:58:49 AM PST by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: eyedigress

Nano and NUC systems:

https://www.polywell.com/nuc-and-nano-size


18 posted on 12/07/2024 7:00:00 AM PST by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: SeekAndFind

I hope Trump will bring back coal and all other fossil fuel industries, plus increase nuclear R&D. Now that gays are running everything, maybe we can stop letting envirowackos run everything.


19 posted on 12/07/2024 10:01:19 AM PST by Albion Wilde (“Did you ever meet a woke person that’s happy? There’s no such thing.” —Donald J. Trump)
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To: PubliusMM

#12 California regulations requirements: add windmills and solar panels on the rooftops of the nuclear power plants 😜


20 posted on 12/07/2024 11:08:43 AM PST by minnesota_bound (Need more money to buy everything now)
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