China's state planner has called for more investment in equipment upgrades to help support the country's energy transition. The energy upgrade plan calls for investment in renewable and power grid technologies, energy conservation, and coal power plant flexibility—areas that Beijing has signaled will be key to the transition from coal to lower-carbon power.
The ongoing AI boom, in particular, has been driving a surge in power demand, with the Electric Power Research Institute EPRI predicting that data centers will gobble up up to 9% of total electricity generated in the United States by the end of the decade, up from 1.5% currently, as reported by Scientific American. For the first time in decades, demand for electricity in the U.S.
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