The International Energy Agency’s (IEA) newly released “Electricity 2025” report predicts that global power consumption will jump nearly 4% annually through 2027. That’s like adding an entire Japan’s worth of electricity use every year for the next three years.
The report points to a few key drivers behind this surge: industrial expansion, the rising need for air conditioning, the electrification of transportation, and the explosion of data centers. And most of this growth – about 85% – is coming from emerging and developing economies.
China is leading the charge, with electricity demand outpacing its overall economic growth since 2020. In 2024 alone, China’s electricity consumption shot up by 7%, and it’s expected to keep climbing at an average rate of 6% per year through 2027. The country’s…
Read the full article originally published at electrek.co.