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US utilities plan to spend $1.4 trillion by 2030 to power the AI boom

  • The Next Web faviconThe Next Web

    By Alina Maria StanApr 15, 2026, 9:12 am195 pts
    photo of US utilities plan to spend $1.4 trillion by 2030 to power the AI boom imageA report analysing capital spending plans from 51 investor-owned utilities finds the $1.4 trillion figure is double what was invested in the prior decade. More than 30 utilities cited data centres as a top growth driver. Average residential electricity prices are already projected to rise 5.1% this year. US…
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