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US Clean Power Rises With Data Centers: Three Things to Know

Key Takeaways Record clean power plants to be added this year, and in 2027 Tax credits and data centers driving growth in installations (BloombergNEF) — Surging data-center electricity demand is reshaping the US power market, supporting record clean energy additions while also creating an opening for new generation from natural gas. A large pipeline of wind…
(BloombergNEF) — Surging data-center electricity demand is reshaping the US power market, supporting record clean energy additions while also creating an opening for new generation from natural gas. A large pipeline of wind and solar projects that qualify for federal tax credits underpins BloombergNEF’s forecast through 2030. Yet equipment bans, sourcing rules for tax credits and other policy barriers are making those projects more expensive and difficult to deliver. Data center demand remains the key growth lever for clean power beyond the tax-credit-supported pipeline. Not all new electricity demand will flow to renewables, however: on-site gas power offers data centers a…
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