Data center demand will outpace planned utility capacity additions by more than 100 GW through 2030, increasing reliance on on-site gas generation and battery storage, Bank of America analysts project.
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Data center demand will outpace planned utility capacity additions by more than 100 GW through 2030, increasing reliance on on-site gas generation and battery storage, analysts project.
Published July 17, 2026
A data center under construction in Loudoun County, Va. Bank of America analysts expect the U.S. will need more than 230 GW of new generating capacity over the next five years, partly to serve data centers.
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