Klein said there was huge pressure on energy prices in Europe, so building more datacenters was not a good solution.

Well, I assume that this would also involve building out more electrical generation capacity.

We’re going to need to be building capacity in the US.

https://www.energy.gov/articles/doe-releases-new-report-evaluating-increase-electricity-demand-data-centers

The report estimates that data center load growth has tripled over the past decade and is projected to double or triple by 2028. U.S. electricity demand is projected to account for data center expansion and the rise of artificial intelligence (AI) applications, domestic manufacturing growth, and electrification of different industries.

The report finds that data centers consumed about 4.4% of total U.S. electricity in 2023 and are expected to consume approximately 6.7 to 12% of total U.S. electricity by 2028.

https://www.energypolicy.columbia.edu/ai-power-demand-and-u-s-energy-policy/

AI Power Demand and US Energy Policy

Recent analysis from the power-consultancy firm Grid Strategies shows that between 2024 and 2029, US electricity demand will grow at five times the rate predicted in 2022.