Energy
With US electricity demand set to reach record heights, New Jersey looks to chart its energy future.
By Jim Pytell, Managing Editor On Jan 31, 2025
Over the next five years, US electricity demand is expected to grow by almost 16%, according to the consulting firm Grid Strategies. To put that into perspective, power consumption has increased less than 1% annually over the past 20 years.
This tremendous increase in demand is driven by a number of factors including AI-driven database expansion, broad-based electrification, and increased domestic manufacturing.
Such a significant increase in electricity demand will undoubtedly put pressure on existing power grids, necessitating substantial investments in transmission infrastructure.
“If we don’t address this, we’re going to end up with brownouts,…
