Data center growth tripled in first half of 2024 as demand strains power grids

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Announced data center projects more than tripled in the first half of 2024, illustrating the immense rise in energy demand that is straining the national electricity grid amid the artificial intelligence race. 

A new report from data and analytics firm Wood Mackenzie highlighted the massive uptick in data center development. The report claimed the U.S. electric utility industry “has been caught flat-footed” by the unprecedented growth. 

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