AI Power-Gear Spending in US Surging Up to $65 Billion
(Bloomberg) -- US spending on power-generation equipment for data centers may reach $65 billion by 2030, up from $2.6 billion last year, with the rapidly growing industry accounting for the largest share of the total market, according to a report Tuesday from Wood Mackenzie Ltd.
US data center capacity may reach 110 gigawatts by 2030, and total US spending on power-plant equipment may climb to $215 billion.
The staggering growth reflects the massive buildout of computing systems in the US, where the race to deliver artificial intelligence systems has been deemed a matter of national security by the Trump administration. Data centers accounted for less than 2% of the power-equipment market in 2020, but the energy-hungry facilities are expected to drive 68% of total load growth through 2030.
“The scale of planned development underscores the urgency,” according to the report. “Even accounting for expected project attrition, grid-connected data center capacity is expected to nearly quadruple in the next four years.”
Still, the boom in energy demand is driving up costs and wait times for power-generation equipment, a shift that will hinder development. About 600 gigawatts of proposed data center projects is still working to line up electricity supplies, compared with 183 gigawatts that have signed construction or power-supply deals with utilities, the report found.
(Corrects data in headline, first and second paragraphs.)
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