AI demand, power forecasts, and the long-term electricity outlook

Glenn Jacobson provides a detailed assessment of AI-driven power demand, estimating that data centres account for roughly half of a projected 150–200 gigawatt increase in US electricity demand over five years. He argues that even without AI, reshoring, electrification, and EV adoption would drive one of the largest five-year demand upticks in decades. He points to early evidence of hyperscaler return on AI capital expenditure and expresses confidence that adoption rates will continue to drive investment, closing the session on an optimistic note.