What Large Power Users Need to Know About

30 Sep 2024


News

It didn’t take Hurricane Beryl coming ashore in southeast Texas to remind everyone about the vulnerability of the Texas electric power grid, but the widespread outages that lingered for a week following the catastrophic July storm sure did.

“Power is probably the biggest factor impacting Texas right now,” says Susan Arledge, senior managing director for Newmark in Dallas. “The Electric Reliability Council of Texas (ERCOT) predicts that Texas’s electricity demand could almost double in the next six years due to the growth of data centers and artificial intelligence. ERCOT experts say that demand could reach 150 gigawatts by 2030, which is nearly double the 85 gigawatts of demand recorded in 2023. Data centers and AI are expected to account for more than half of the increased demand.”

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