Goldman Sachs Group analysts say almost all U.S. power grids will lack critical backup capacity by 2030 as data center demand surges. Power grids usually target backup rates of at least 15% — the difference between peak demand and the amount of electricity available from coal, natural gas, nuclear, and renewable energy plants. Carly Davenport, head of US power and utilities equity research at Goldman Sachs, pointed out that rising utility bills could be a key issue for the 36 state gubernatorial elections to be held later this year.

Goldman Sachs Group analysts say almost all U.S. power grids will lack critical backup capacity by 2030 as data center demand surges. Power grids usually target backup rates of at least 15% — the difference between peak demand and the amount of electricity available from coal, natural gas, nuclear, and renewable energy plants. Carly Davenport, head of US power and utilities equity research at Goldman Sachs, pointed out that rising utility bills could be a key issue for the 36 state gubernatorial elections to be held later this year.