U.S. electricity demand is projected to increase 47% between 2024 and 2040 due to the expansion of AI data centers and manufacturing, as well as the adoption of EVs.^1,2,3

Companies that can potentially benefit from U.S. electrification tailwinds include alternative and conventional electricity providers, and those involved in the growth and modernization of the U.S. power grid.

U.S. utilities will likely need to significantly expand power generation and grid infrastructure to keep up with the rising electricity demand and address other challenges, such as aging assets.