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NERC report: Cryptocurrency mining and AI data centers are driving North American electricity demand to record highs

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2024-12-24 17:01:23
According to Cointelegraph, the latest report from the North American Electric Reliability Corporation (NERC) shows that the rapid development of cryptocurrency mining and AI data centers is driving the demand for electricity in North America to record highs. In Texas, for example, the annual growth rate is expected to reach 4.6% during the peak period of electricity consumption in the summer of 2029, which is four times the previous forecast.
NERC pointed out that the electricity consumption of crypto mining fluctuates with market prices, while AI data centers require continuous cooling and storage energy, which poses challenges to grid management. To address this trend, Texas has implemented an energy response plan and strengthened distributed energy management through HB 3390, and some mining companies such as MARA have also begun to switch to renewable energy.