AI boom: Demand for data centers drives innovation by energy, tech industries to produce new power sources

Energy experts acknowledge the need for additional power sources, and they’re turning to new technology and infrastructure to address the demand. "As an industry, we are investing approximately $1.1 trillion in our infrastructure over the next five years to ensure that we're meeting that need and that demand," Exelon CEO Calvin Butler said. In 2024, data centers consumed about 1.5% of global electricity use and the demand has continued to surge. This year, consumption estimates show data centers