As Electricity Demand Climbs, Restaurants Should Focus on Efficiency 

3 Min Read By Tom Roberts

As AI continues to revolutionize the way we live and run our businesses, the downsides are becoming clear.  AI systems and the data centers that power them require significant power. 

Earlier this year, the International Energy Agency (IEA) released its forecast for global energy use through 2026, including, for the first time, projections for power consumption related to AI, data centers and cryptocurrency. They estimate that the global demand for these uses could double by 2026. While AI isn’t the only driver of the recent massive uptick in demand, there is also a push to electrify more vehicles, homes, and buildings. This overall increase in demand could lead to rising energy prices for consumers and businesses.

How AI Use Drives Demand and Why it MattersOverall, rising demand could mean a significant impact on energy prices, due to several key factors at play:

Market dynamics: As demand rises and the supply-demand balance tightens, market volatility and scarcity pricing are…