News Release

Data center demand and quantifying the exponential levers needed to power them

byEnverus

CALGARY, Alberta (Sept. 17, 2024) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released an updated view on its data center load and the technology enabling exponential computing growth. EIR’s analysis breaks down often ignored components of computational energy use and quantitively describes a future where exponential growth in computing doesn’t require the same trend in energy consumption.

“Our base case forecasts power consumption from computing demand will grow from 122 TWh in 2023 to 266 TWh by 2035,” said Carson Kearl, EIR analyst. “Exponential gains in computing efficiency from chips and next-generation cooling capabilities protect data center load from growing at an unsustainable rate.”

Key takeaways from the report:

  • In our base case, L48 data center power consumption is expected to rise to 266 TWh in 2035. In the high-case scenario with rapid technology commercialization and expanded onshore training, potential data center power consumption could reach almost 600 TWh.
  • Over the same period, we expect average power usage effectiveness ratings to fall significantly as liquid immersion and other cooling technologies dominate new facility buildout.
  • Data center power demand would drop if not for AI due to efficiency improvements in chips and cooling technology.
  • GPU efficiency gains are expected to continue to trend at almost 20% per year after two consecutive years of significant deviations.
  • EIR’s forecast largely aligns with the Jevons Paradox, which holds that efficiency gains in computing lead to increased demand for computing power, though the resulting power demand is not as closely correlated.

EIR’s analysis pulls from a variety of Enverus products including Enverus Intelligence® Research and Enverus FOUNDATIONS®.

You must be an Enverus Intelligence® subscriber to access this report.

About Enverus Intelligence® Research:
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. EIR is registered with the U.S. Securities and Exchange Commission as a foreign investment adviser. Enverus is the most trusted, energy-dedicated SaaS company, with a platform built to create value from generative AI, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 95% of U.S. energy producers, and more than 40,000 suppliers. Learn more at Enverus.com.

Picture of Enverus

Enverus

Energy’s most trusted SaaS platform — creating intelligent connections that uncover insights and opportunities to deliver extraordinary outcomes.

Related News

Enverus Press Release - DUC Hunt: What the 2025 drawdown means
News Release
ByEnverus

Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing a report that analyzes recent inventories of drilling uncompleted wells (DUCs) and the implications for 2025 budgets.

Enverus Press Release - Class VI wave expected to hit US
News Release
ByEnverus

Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a report and overview focused on recent changes and additions to the growing list of Class VI...

Enverus Press Release - E&Ps with natural gas + CCS pave way for model data center development
News Release
ByEnverus

Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has developed new capabilities to help site data centers using data sets focused on onshore fiber cables, substation withdrawal...

Enverus Press Release - Lessons learned from Eaton and the risk of wildfires spread by transmission lines
News Release
ByEnverus

With the devastating wildfires near Los Angeles nearly 100% contained, Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a report analyzing wildfire risk levels across...

Enverus Press Release - Enverus PRISM® now available for Europe
News Release
ByEnverus

Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is expanding PRISM, its hallmark energy decision-making platform to customers in Europe.

Enverus Press Release - Upstream M&A climbs to $105 billion in 2024
News Release
ByEnverus

Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of Q4 and full-year 2024 upstream M&A activity.

Enverus Press Release - Volatile oil prices and counter-consensus natural gas supply growth leaves EIR a touch bearish
News Release
ByEnverus

Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released its latest Fundamental Edge report, which focuses on global drivers for oil and gas prices through 2030,...

Enverus Press Release - Enverus releases 2025 Global Energy Outlook
News Release
ByEnverus

Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its 2025 Global Energy Outlook, an e-book focused on pivotal North American and international energy landscape trends and opportunities expected this year.  

Enverus Press Release - RatedPower’s custom Layout Editor ushers in new era of smart energy flow
News Release
ByEnverus

RatedPower, a part of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its new Layout Editor, a tool that empowers users to design, customize and optimize solar layouts — all within one...

Find Out How Enverus Can Help Your Business

Subscribe to the Energy Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Get Started

Register Today

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert