AI's energy demands boost natural gas, despite renewables' growth

Financial Times April 1, 2024, 11:00 AM UTC

Summary: A surge in AI's energy needs will drive a golden era for natural gas, as renewable sources fall short. US gas producers anticipate a boom in demand from tech giants like Microsoft. Data centers are projected to consume 480 TWh by 2035, with gas-fired generation crucial for reliability. Despite Big Tech's green energy goals, gas producers remain optimistic. Analysts foresee a shift towards carbon-free energy by the end of the decade.

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