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Solar Power Surge: U.S. Electricity Demand to Soar

2/1/2025

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Story summary
  • The U.S. Energy Information Administration forecasts solar power will lead generation growth, adding 26 GW in 2025 and 22 GW in 2026.
  • Natural gas generation is set to decline by 3% in 2025 and 1% in 2026, with accelerated coal retirements.
  • U.S. electricity demand is projected to rise nearly 16% over five years, fueled by AI and electrification.
  • Data centers may consume up to 12% of U.S. electricity by 2028, impacting grid reliability.
  • Renewables are expected to grow, with wind and solar projected to provide 44% of electricity by 2050.