BlockBeats news, on December 24, according to Cointelegraph, the latest report from the North American Electric Reliability Corporation (NERC) shows that the rapid development of cryptocurrency mining and AI data centers is driving electricity demand in North America to new heights. Taking Texas as an example, the annual growth rate during the summer peak electricity demand period is expected to reach 4.6% by 2029, which is four times the previous forecast.
NERC pointed out that electricity consumption for crypto mining fluctuates with market prices, while AI data centers require continuous cooling and storage energy. These unstable factors pose challenges for grid management. To address this trend, Texas has implemented energy response plans and strengthened distributed energy management through Bill HB 3390. Some mining companies, such as MARA, have also begun to shift towards renewable energy.