BloombergNEF increased its 2035 US data center electricity demand projection to 194 GW, an 83% increase from its December forecast, with nearly half serving AI workloads. This revised outlook indicates a 19 GW supply shortfall even if grid connections maintain a record pace for a decade. PJM Interconnection and ERCOT grids are projected to send 34% and 22% of their electricity to data centers by 2035, respectively.
US grid capacity faces a significant and growing deficit against AI-driven data center demand, making power availability a binding constraint for future compute buildouts.