15 September 2025

The Coming Electricity Crisis

Brian Deese and Lisa Hansmann

The United States faces an energy crunch of historic proportions. After nearly 20 years of flat demand, electricity use is now growing at its fastest rate since World War II. The U.S. economy increasingly relies on electricity to heat and cool homes, to power businesses and factories, and to propel cars, trucks, and buses. New manufacturing facilities, such as those making semiconductors, and the data centers that undergird the country’s artificial intelligence ambitions consume unprecedented amounts of electricity. In total, over the next decade, the North American Electric Reliability Corporation, the independent regulator tasked with monitoring grid reliability, projects

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