Long-term winners as AI boosts U.S. power needs, according to Mizuho
Power demand from data centers is expected to triple by 2030 as the use of artificial intelligence scales up at a rapid pace, driving an explosion in renewable energy and natural gas, according to Mizuho Securities. The demand from data centers will reach 400 terawatt hours, or 50 gigawatts annually, representing about 9% of total U.S. electricity demand by…