Carly Davenport
Showing 1–2 of 2 transcripts.
- Goldman Sachs33 min
The Outlook for Data Center Power Demand as AI Token Use Grows
Brian Singer, Carly Davenport, Allison Nathan, George Lee
Goldman Sachs forecasts a surge in U.S. power demand reaching a 3.5% CAGR through 2030, driven by a 170% rise in global data center consumption that will equal Japan's total electricity usage. This growth is propelled by hyperscaler spending hitting $2.1 trillion by 2029, though projects face critical bottlenecks from skilled labor shortages, interconnect queues, and over 300 local moratoria. Consequently, the sector is increasingly relying on 30 gigawatts of behind-the-meter natural gas generation as a bridge while navigating regulatory uncertainty and community opposition regarding grid stability and environmental impacts.
- Goldman Sachs29 min
Power surge: AI, renewable energy, and the future of electricity
Carly Davenport, Alberto Gandolfi, Brian Singer, Allison Nathan
Global power demand is surging due to generative AI and data center expansion, with US growth forecast to accelerate to a 2.5% CAGR by 2030 while Europe faces similar pressure from electrification plans. Goldman Sachs predicts an "all-of-the-above" generation strategy dominated by natural gas and renewables to support an estimated $50 billion in new US infrastructure investment, even as nuclear adoption shifts toward direct power purchase agreements and small modular reactors. This transition faces significant bottlenecks including multi-year permitting delays, equipment shortages, and grid modernization needs, positioning the sector for a generational investment boom over the next decade.