Key Points AI data centers are driving a surge in electricity demand, with global data-center consumption projected to more than double by 2030. Power infrastructure takes much longer to build than data centers, creating a supply crunch. GE Vernova, Constellation Energy, and Quanta Services offer different power solutions that should benefit from rising energy demand. 10 stocks we like better than GE Vernova › Artificial intelligence (AI) is completely reshaping the energy landscape. Advanced server racks consume far more power than traditional servers, and AI data centers require enormous amounts of electricity. According to the International Energy Agency, data centers worldwide used about 415 terawatt-hours of electricity in 2024.
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