The World's Top Energy Watchdog Made the Bull Case for AI Power Stocks. Here's the Number That Matters.

Key Points The International Energy Agency recently released a report about AI, noting that "there is no AI without energy." Power demand from AI is expected to double by 2030 and continue to grow. 10 stocks we like better than Bloom Energy › The International Energy Agency (IEA) monitors the world's energy needs, and it recently provided an important update on artificial intelligence (AI). The number that matters most is that electricity demand from AI data centers is projected to more than double between 2024 and 2030, rising from 415 terawatt-hours (TWh) to 945 TWh. The projection for 2035 is 1,200 TWh, nearly triple the 2024 figure. This is a potentially huge opportunity for power providers.