AI And The Energy Grid: Solving for AI’s Power Needs

The world remains abuzz over artificial intelligence, but rapid advancement and adoption of the technology is poised to drive a significant increase in power demand, and this demand could redefine energy consumption as we know it. Today we ask the critical question: is the energy sector equipped for the AI power revolution?
Will Su, of BlackRock's Fundamental Equities team, is one of BlackRock’s leading voices on all things energy. Will walks us through the sector’s pivotal role in the build-out and future of AI and digs into the potential investment opportunities and challenges.
Sources: “Electricity Mix” Our world in energy, January 2024; “What is U.S. electricity generation by energy source?” Energy Information Administration, “OpenAI Presents GPT-3, a 175 Billion Parameters Language Model” Nvidia, 2020; GPT-4 Details Revealed, Patrick McGuinness, 2023; Data Centers Around The World, United States International Trade Commission 2021; “North America Data Center Trends H2 2023”, CBRE 2024; “Electric power sector CO2 emissions drop as generation mix shifts from coal to natural gas” EIA, 2021; “Electravision” JPMorgan, March 2024; “Fuel Mix” Ercot, March 2024; “Television, capturing America's attention at prime time and beyond” US bureau of Labor Statistics, September 2018.
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