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Texas Growing Demand Of Electricity To Break Records In 2024
By Shubhendra Anand , 28 May, 2024
Electricity demand is growing in the United States due to a surge in digitalization. Electricity demand tends to be higher in Texas, as per the 2024 reports. Electricity demand is soaring higher in the light of blooming data centers.
Artificial intelligence is gaining momentum in every sector of the economy. Therefore, artificial intelligence facilitates big data centers in the United States. Hence, a large amount of electricity is required to process the phenomena in the data centers. Texas growing demand for electricity is due to power grids that are increasing the usage of electricity in 2024. One survey data shows that reputed companies in Texas consume about 4 percent of the power on the United States power grids. The surveys affirm that electricity consumption in the United States will double the current level due to the increasing load from the data centers. Earlier, transportation was a big hurdle in the United States, draining its economy. However, the demand for surging electricity in the states since December 2023 may affect the United States economy in the coming years. According to surveys, the electricity load growth forecast hikes to 81 percent in 2024. The recent increase in the electricity load forecasts is from the data centers in the United States.
Electricity demand will tend to remain higher in the coming years, too. This is due to the increasing production of electric vehicles, the growing load on power grids, and other factors. Therefore, it is alarming for Texas to meet electricity demands in 2024. Hence, the United States may find a better alternative by expanding its energy production.
Texas Growing Demand for Electricity
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Shubhendra Anand
Head Research
