Long-Term Load Forecast Update Data Centers Lead the Way

Enverus Intelligence Research (EIR) updated its long-term load forecast, now predicting a 30% increase in U.S. power demand by 2050. This is a revision from the previous estimate of 39%. The report highlights that the reshoring trend will contribute less than 3% to average load growth, while forecasts for data centers show an average load increase of 41 GW through 2035. Key regions identified for load growth are ERCOT Far West, PJM Dominion, with factors such as oil field electrification and the expansion of data centers driving demand.