GE Vernova Cited as Data Centers Consume 415TWh, Facing 945TWh by 2030
GEV•Data centers consumed roughly 415 terawatt-hours of electricity in 2024 and are forecast to draw 945 TWh by 2030, equivalent to 1.5 million barrels of oil per day. GE Vernova, noted among leading power suppliers, is positioned to benefit from the surge in demand for high-voltage generation and grid infrastructure.
1. Surge in AI Energy Demand
Global data centers drew about 415 TWh from grids in 2024, with projections reaching 945 TWh by 2030. This represents a doubling of electricity consumption over six years, putting pressure on existing power networks.
2. Grid Constraints and Opportunity
Utilities face transmission bottlenecks, transformer shortages and four-year-plus grid connection wait times in major markets. These constraints create an urgent need for new generation capacity and upgraded high-voltage infrastructure.
3. GE Vernova's Growth Potential
As a major manufacturer of turbines, transformers and grid software, GE Vernova is well positioned to capture rising demand. Its portfolio of high-voltage solutions and renewable integration services aligns with the requirements of hyperscale data-center operators.
