Electricity demand is set to increase sharply in the coming years as people around the world use more power to run air conditioners, industry and a growing fleet of data centers.
Over the next three years, global electricity consumption is set to rise by an “unprecedented” 3,500 terawatt hours, according to a report by the International Energy Agency. That’s an addition each year of more than Japan’s annual electricity consumption.
The roughly 4% annual growth in that period is the fastest such rate in years, underscoring the growing importance of electricity to the world’s overall energy needs.
“The acceleration of ...
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