US Datacenter Energy Demand to Double by 2028: Key Markets, Capacity Growth and Energy Challenges
The demand for electricity from US datacenters is set to exceed 280 TWh in 2024, with projections indicating it could nearly double to 530 TWh by 2028—equivalent to the total electricity output of Texas in 2022. This surge is driven largely by the computational needs of generative AI, leading to an anticipated addition of nearly 50 GW of datacenter capacity to the grid by 2028, according to conservative estimates from S&P Global.
With energy reliability concerns and local grid constraints rising in highly concentrated US datacenter markets, this highly sought-after report provides an overview of the top 10 US datacenter markets, identifies operational and planned datacenter space, and estimates power consumption. Download our executive summary to learn more.
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Executive Summary
US Datacenter and Energy Report
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| Explore 11,500+ colocation, wholesale, and hyper scaler datacenter facilities across the globe with access to 100+ data points per facility, including location, ownership, capacity, site revenue, new builds and expansion plans. |
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Our Datacenter and Energy Industry Coverage
11,500+
Global datacenter
facilities with standardized
asset-level metrics
2,200+
Global datacenter providers
97,190+
Global power plants
20 year
Fundamental US
power price forecasts
Featured Solutions
Track datacenter builds and pipeline
451 Research Datacenter Knowledgebase
Explore 11,500+ colocation, wholesale, and hyper scaler datacenter facilities globally. Access to 100+ data points per facility, including location, ownership, capacity, site revenue, new builds and expansion plans.
Identify datacenter power demand
451 Research Market Monitor & Forecast
Analyze datacenter energy usage and contracted capacity and datacenter growth, and future capacity projections across 46 countries from 2019 to 2028, segmented by datacenter owner.
Evaluate renewable energy build opportunities
S&P Capital IQ Pro: Energy Intelligence
Understand the US power demand and supply dynamics in datacenter growth regions. With in-depth power plant and project data and electricity price forecasts, evaluate opportunities for building new power plants.
Customize datacenter
and energy data into forecasting models
Consulting & Advisory
Build or scale up your projections on energy demands across the datacenter markets with S&P Global proprietary data integrated into your forecasting models to make insight-ready decisions.
Track datacenter growth, estimate energy demand and evaluate opportunities for renewable energy investment
The overall US net operational datacenter space is projected to grow by over 58% in the next five years and will require immense energy. Are you ready to capitalize on this opportunity? Learn how we can help you:
Identify datacenter facilities and project energy demand from datacenter growth.
Explore 11,500+ colocation, wholesale and hyper-scaler datacenter facilities across North America, EMEA, APAC and Latin America with 451 Research’s Datacenter KnowledgeBase. Access 100+ data points per facility, including location, ownership, capacity, site-level revenue, new builds and expansion plans with our datacenter intelligence. Analyze data on datacenter energy demand, growth and future capacity projections across 46 countries from 2019 to 2028, segmented by datacenter owner.
Explore 11,500+ colocation, wholesale and hyper-scaler datacenter facilities across North America, EMEA, APAC and Latin America with 451 Research’s Datacenter KnowledgeBase. Access 100+ data points per facility, including location, ownership, capacity, site-level revenue, new builds and expansion plans with our datacenter intelligence. Analyze data on datacenter energy demand, growth and future capacity projections across 46 countries from 2019 to 2028, segmented by datacenter owner.
Evaluate renewable energy build opportunities with vital data and insights.
Understand the power demand and supply dynamics in datacenter growth regions and evaluate opportunities for building new power plants with S&P Capital IQ Pro energy intelligence. Use our interactive mapping and embed overlapping utility, power transmission, and other infrastructure layers to visualize the competitive landscape quickly. Obtain specific research on the corporate renewable markets to understand how technology, policy, and regulation shape the future of datacenter growth for renewable projects.
Understand the power demand and supply dynamics in datacenter growth regions and evaluate opportunities for building new power plants with S&P Capital IQ Pro energy intelligence. Use our interactive mapping and embed overlapping utility, power transmission, and other infrastructure layers to visualize the competitive landscape quickly. Obtain specific research on the corporate renewable markets to understand how technology, policy, and regulation shape the future of datacenter growth for renewable projects.
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