Global data center power demand is set to accelerate: Data center power demand is expected to grow +220% from 2023 levels, or +905 TWh, to a record 1,350 TWh by 2030, according to Goldman Sachs. This is up from the previously expected +175%, driven by higher AI server shipment projections and increased deployment of more power-intensive servers for AI processing. ~60% of this growth is expected to come from the US, up from ~50% in prior estimates. As a result, US data center power demand is set to reach ~750 TWh, followed by the rest of the world at ~600 TWh. Furthermore, US data center capacity is projected to rise +197% between 2025 and 2030, to a record 95 gigawatts. The AI power boom is accelerating.(The Kobeissi Letter)