TechCapsules

AI-summarised brief · reviewed before publication

In 2026, artificial‑intelligence firms are confronting a critical bottleneck: reliable, high‑capacity electricity. While earlier AI debates focused on chips and data, the International Energy Agency now projects global data‑centre power use to hit about 945 TWh by 2030—double today’s level and growing 15 % annually, outpacing overall electricity demand four‑fold. Major tech companies are responding by acting like utilities, securing nuclear and gas generation, buying power‑grid assets, and siting new data centres where power is abundant. The shift, dubbed the “Age of Electricity,” promises a 50 % annual rise in global electricity demand from 2026 to 2030, driven by data‑centres, electrified cooling, manufacturing and electric mobility. In Nigeria, the surge reframes electricity from a social service to a cornerstone of economic competitiveness, prompting firms such as REA and RAMCO to rethink investment strategies. Elon Musk’s xAI, despite rumors of a nuclear purchase being unfounded, has built its own generation capacity, deploying gas turbines in Tennessee and committing over $20 billion to a 2 GW data‑centre in Southaven, Mississippi.