Mayank Maheshwari, Morgan Stanley's South Asia Energy Analyst, discusses how AI and electrification are rapidly increasing global power consumption, with annual demand projected to rise by over 1 trillion kilowatt-hours through 2030, nearly a fifth of which is attributed to AI-driven data centers. This surge is expected to drive $3 trillion in data center investments by 2028, leading to a 15% increase in power prices and expanded profit margins for power generation companies. The podcast highlights the need for significant investments in electric grids, increased reliance on natural gas, energy storage, and nuclear energy, and anticipates a multi-decade transformation in the power industry marked by collaboration between fossil and non-fossil fuels, tiered pricing, and elevated power spreads.
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