Americas Power & Energy Transition: How much power will the US need - our power demand forecast through 2030

We launched on Power and Energy Transition in June with a view on power that was based off of a data center forecast from March/April 2026. Since then, a lot has happened, and numbers have only gone up. We've updated our model using the new compute numbers from our Infrastructure team, and have a higher forecast for US power than before. We have raised our power demand forecast to a 4% CAGR through 2030 from 3% previously - mainly reflecting a significantly higher data center demand outlook. The methodology is unchanged, and is detailed in the note. From the supply side, we see solar and gas growing the fastest to meet demand, and in reaction with coal retirements. Our power supply and demand model forecasts demand by sub-sector (residential, commercial, industrial, and transport) and models key drivers of those sub-sectors. We forecast supply by fuel and consider the impact of renewable intermittency in the forecast as well. Our power forecast implies ~1,000 TWh of incremental U.S. el