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AI data center growth could force US utilities to rethink generation plans, BofA says
Bank of America analysts project data center demand will outpace planned utility capacity additions by more than 100 GW through 2030, increasing reliance on on-site gas generation and battery storage.
AI Summary
The growth of AI data centers is expected to significantly impact US utilities' generation plans. This development is driven by a projected surge in data center demand, which Bank of America analysts predict will outpace planned utility capacity additions by more than 100 GW through 2030.
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