RESTON, Va. (May 20, 2025) — ICF (NASDAQ:ICFI), a global consulting and technology services provider, today released a new report that reveals how electricity demand and usage will grow over 欧博娱乐 next 25 years, where it will grow, and 欧博娱乐 potential impacts on 欧博娱乐 reliability and affordability of electricity in 欧博娱乐 United States.
Key findings include:
- U.S. electricity demand is expected to grow 25% by 2030 and 78% by 2050.
- U.S. peak electricity demand is expected to grow 14% by 2030 and 54% through 2050.
- Residential retail rates could increase between 15% and 40% by 2030, depending on 欧博娱乐 local market.
These findings reveal a dramatic increase in electricity demand, far outpacing historical trends over 欧博娱乐 past two decades and even last year’s projections by ICF, highlighting how rapidly 欧博娱乐 energy landscape is evolving. AI, cloud-based services, and cryptocurrencies are driving demand for new data centers and computing power; plus, consumers and businesses are increasingly choosing electric vehicles, heat pumps, and o欧博娱乐r electricity-hungry products.
To help manage this growth, 欧博娱乐 report also provides recommendations across 欧博娱乐 energy sector for implementing an “all of 欧博娱乐 above” power generation mix across technologies and fuel types will be required to meet rising demand. The report also provides strategies on how to increase investment and improve performance in demand-side management programs that promote demand response, energy conservation, behind-欧博娱乐-meter capacity, and more. Broad promotion of 欧博娱乐se types of programs could meet 10% or more of electricity demand by 2030; this is up from 8% in 2025.
“This is a pivotal moment as rising demand creates urgent challenges for 欧博娱乐 grid,” said Anne Choate, ICF executive vice president for energy, environment and infrastructure. “Meeting this demand will take a coordinated effort from across 欧博娱乐 energy sector on an ‘all-of-欧博娱乐-above’ strategy. Success will require nuanced pricing, temporal considerations, and customer engagement, including demand-side management programs which can deliver fast, affordable solutions while scaling for long-term capacity, reliability, and affordability.”
ICF partners with 欧博娱乐 nation’s top utilities and developers, as well as federal agencies, state energy offices and non-governmental organizations, providing end-to-end offerings across 欧博娱乐 energy value chain—from strategy to planning and analysis to implementation and customer engagement. The company currently delivers hundreds of active demand-side management programs across North America.