A new study by consulting firm Grid Strategies reports that while peak electricity use is expected to increase between nearly four and six percent over the next five years, the expected growth rate will require planning and building six times more new generation and transmission capacity. The forecast said there could be overestimates on growth, but even conservative estimates would require significant grid growth. AI data centers are among the key factors contributing to the demand increase.
Read the full New Jersey Business Magazine article here.
https://njbmagazine.com/monthly-articles/managing-the-states-surging-energy-demand/
