Why the Sprott Uranium Miners ETF Could Be One of the Smartest Energy Plays of the AI Era
2025-11-23 02:14:00 ET
There's little doubt that generative artificial intelligence (AI) is reshaping the global economy. And here's a simple way to see it playing out. Data centers are consuming so much power that utility companies are still trying to figure out how to handle the demand.
This is the environment that utilities are facing. Global data center electricity use could double by 2030, according to some estimates. The Department of Energy thinks it might even triple. And in the United States, electricity demand is expected to hit record highs in both 2025 and 2026 after showing little growth in the two decades prior.
Whichever stat you want to look at, it's clear that data center power demand is going to keep rising. Quickly!
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