Data centers are set to gobble up one-fifth of U.S. electricity by 2035—four times current usage—driven by the AI boom. Capacity could hit nearly 200 gigawatts in a decade, with most demand staying home. Forecasts have skyrocketed: one report bumped its 2035 demand projection by 83% since December, and others are seeing similar jumps. Grids are already strained, with regions like PJM and Texas facing overload, forced pauses on new connections, and soaring prices. Yet companies keep rushing in, dominating recent capacity auctions. As AI accelerates, global data center demand could rival India’s entire annual electricity use.
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