U.S. Utility Industry Needs $1.4 Trillion Investment

U.S. Utility Industry Needs $1.4 Trillion Investment

Electricity demand is growing in the United States due to the expansion of artificial intelligence (AI) data centers, the reshoring of manufacturing, and increased electrification resulting from Biden’s climate initiatives. To fulfill this need, a report by Deloitte, “Funding the Growth in the U.S. Power Sector,” finds that power sector investments may need to reach $1.4 trillion between 2025 and 2030, driven by a 10% to 17% increase in electric…