White House warns AI could spike electricity prices without energy boost
Coreave Mike Intrator discusses their acquisition of Core Scientific, their 6 billion dollars investments at Lancaster Data Center, Pennsylvania, demand for artificial intelligence and more on “morning with Maria”.
First on Fox Business – a new White House study warns that electricity prices may rise due to the demand for artificial intelligence if the United States does not enhance energy production.
It is expected that the White House Economic Chamber will issue a report on Thursday and found that the energy needs of artificial intelligence data centers will exceed the total energy consumed by many sectors to make some construction products.
“IEA) estimates that by 2030, American data centers will consume electricity more than aluminum, steel, cement, chemicals and all other intense energy commodities combined,” according to a copy of the report obtained for the first time by Fox Business.
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The White House Economic House of Economists issued a new warning that the American energy has the main annex to meet the demand for artificial intelligence. (Kevin Carter / Getty Emmy / Getty Em.
The report also warns that the United States is losing the energy race with China.
“China is currently producing about twice the power of the United States and invested strongly in nuclear energy,” says the report.
According to the White House Economic Consultants, “high demand for artificial intelligence and cloud computing capabilities already increases the use of electricity in the United States. After two decades of growth less than one percent per year, the demand for electricity has grown by 2 percent in 2024.”
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The Council estimates that the United States will need to invest about $ 1.4 trillion between 2025 and 2030 to keep pace with the increasing demand for energy.
The report says: “Once the high demand from industrial electrical and reformulation of manufacturing is added, the total increase in energy demand requires an estimated $ 1.4 trillion of investment between 2025 and 2030 – from industry investment during the previous decade,” the report says. “The economy is continuing and re -equipping intensive energy manufacturing will contribute to an additional demand for electricity.”
The coal power plant in Mount Storm, owned by Dominion Energy, is seen in Mount Storm, West Virginia, on June 30, 2025. (Ulysse Belier / AFP via Getty Images / Getty Images)
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Without new energy investments, the Council finds that there will be an increase in prices anywhere between 9 % and 58 %.
“Using flexibility estimates from economic literature, 47 electricity prices in 2030 can be higher than 9 to 58 percent as a result of high energy demand if low -cost service providers do not come online,” the report says.
This is a developing story. Check again for updates.
2025-07-17 12:20:00
