Global Data Center Electricity Demand to Rise 15% Annually by 2030
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
0mins
Source: stocktwits
- Electricity Demand Surge: The International Energy Agency forecasts that global data center electricity consumption will grow by 15% annually from 2024 to 2030, significantly outpacing other sectors, with expectations of reaching 945 Terawatt-hours by 2030, highlighting the immense demand and market opportunities for data centers.
- Trump's Auction Initiative: President Trump and several state governors are urging PJM Interconnection LLC to hold auctions for 15-year contracts for tech companies to meet their AI-related electricity needs, a move that could lead to rising power prices for regular consumers, indicating potential regulatory challenges ahead.
- Microsoft's New Initiative: Microsoft Corp. has announced the “Community-First AI Infrastructure” initiative, committing to pay utility rates sufficient to cover its electricity costs, aiming to ensure that its data centers do not increase electricity expenses for the general public, reflecting a strong corporate social responsibility stance.
- Positive Market Reaction: In response to Trump's initiatives, shares of Vistra Corp. (VST) rose nearly 3% in pre-market trading, while Constellation Energy Corp. (CEG) and Talen Energy Corp. (TLN) saw gains of nearly 2% each, indicating a bullish sentiment in the energy sector amidst these developments.
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Analyst Views on CEG
Wall Street analysts forecast CEG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CEG is 412.82 USD with a low forecast of 350.00 USD and a high forecast of 520.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
8 Buy
3 Hold
0 Sell
Moderate Buy
Current: 287.950
Low
350.00
Averages
412.82
High
520.00
Current: 287.950
Low
350.00
Averages
412.82
High
520.00
About CEG
Constellation Energy Corporation is a producer of emissions-free energy and an energy supplier to businesses, homes and public sector customers nationwide. The Company’s nuclear, hydro, wind, and solar generation facilities have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation's clean energy in the United States. Its segments include Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. Through its integrated business operations, it sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. Its nuclear fleet has a generating capacity of approximately 22 gigawatts (GWs). It operates approximately 10 GWs of natural gas, oil, hydroelectric, wind, and solar generation assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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