U.S. Natural Gas Power Is Booming Thanks to AI

U.S. power-generating companies are announcing plans for the highest volume of new natural gas-fired capacity in years as the AI boom is driving demand for electricity. During the first half of 2024, electricity-generating firms unveiled plans for the new gas-powered capacity equal to all capacity announced in 2020, according to data from Sierra Club cited by Bloomberg. The increase in gas-fired generation jeopardizes the current U.S. emissions and ‘clean grid’ goals. Natural gas-fired electricity generation in the United States has…