Williams Companies CEO Alan Armstrong said natural gas is crucial for the U.S. to maintain its leadership position in AI as energy demand surges from data centers.Alan Armstrong, chief executive officer of Williams Cos., speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Wednesday, March 20, 2024.The U.S.
The tech sector's expansion of data centers to support AI and the adoption of electric vehicles is projected to add 290 terawatt hours of electricity demand by the end of the decade in the U.S., according to a recent report by the energy consulting firm Rystad. This load growth is equivalent to the entire electricity demand of Turkey, the world's 18th largest economy.demand will jeopardize not just the artificial intelligence revolution, but economic growth across the board in the U.S.
"Those groups that have very much had their brand be all green have come to us and said, 'We got to work with you guys. We've run out of alternatives — we can't meet the needs of our customers without using natural gas,'" Armstrong said, without disclosing names. The CEO said the U.S. has underinvested in natural gas capacity, with demand increasing 56% since 2005 while interstate capacity has increased by 26% over the same period and storage has expanded by 4%.
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