Data Centers Spark a Natural Gas Renaissance in the US, Surpassing China in New Plant Development

The explosive growth of data centers, fueled by the rise of Generative AI, is driving an unprecedented surge in natural gas power plant construction. The United States has overtaken China, becoming the global leader in new natural gas power development, with a significant portion of this new capacity directly supporting data center operations.

• •The Generative AI boom is significantly increasing the demand for electricity, particularly from data centers.
• •The US is leading the world in new natural gas power plant construction to meet this demand.
• •Concerns exist about the environmental impact and potential for stranded assets if AI demand doesn't meet expectations.