According to Bank of America, US power companies will add only 93 GW by 2030, whereas 230 GW is needed: the bottleneck is no longer demand, but the supply of energy.
An analysis by Bank of America puts a figure on the widening gap between the needs of data centers and what the U.S. power system can actually deliver. Utilities plan to add about 93 GW of capacity by 2030, when projected demand would require around 230 GW. AI infrastructure alone could account for nearly 125 GW of additional consumption, bringing electricity demand growth to 4.1% per year between 2026 and 2030.
The market, analysts summarize, is no longer constrained by demand but by where energy can actually be delivered. With large gas turbines sold until 2030, developers are turning to on-site production: 7.5 GW are already under construction and more than 60 GW in the preparation phase.
On the electricity side, the adjustment involves the extension of coal-fired power plants and the extension of battery storage to meet reliability objectives — two responses to the opposing climate effects.
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