In focus: AI boom drives energy demand to record levels

Demand for energy in the digital economy in the USA is expected to more than triple by 2030! As a result, the digital economy's share of total energy demand will also increase massively - from around 4% today to almost 12% in 2030. However, an increase of up to 20% is even conceivable. As a result, large AI training clusters could soon consume as much electricity as medium-sized US states. 
 
This increases the pressure to supply data centers with sustainable energy. Companies are increasingly building their own wind farms and solar fields - or securing access to nuclear power plants. But new technologies such as geothermal and fusion energy are also being brought into play. Access to energy is thus becoming a key resource in the digital age. 

The FERI Cognitive Finance Institute recognized very early on (2020!) that increasing digitalization leaves a massive ecological footprint - and discussed it critically. The corresponding analysis is available in German in the download area on this page.