The expansion of artificial intelligence (AI) is creating a surge in electricity demand that analysts say is reshaping global energy markets.
A single ChatGPT query consumes roughly 10 times the energy of a standard Google search, according to industry estimates cited in a July 2026 report by OilPrice.com. McKinsey projects AI data center capital expenditure at approximately $5.2 trillion from 2025 to 2030, while Goldman Sachs Research projects global data center power demand will rise to 165% by 2030 compared to 2023 levels, the report stated.
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