The latest report from the North American Electric Reliability Corporation (NERC) shows that cryptocurrency mining and artificial intelligence (AI) operations are driving North American electricity demand to new highs, particularly in regions like Texas. It is projected that peak demand will grow at a rate of 4.6% annually by the summer of 2029 — four times the previous forecast. The report notes that the high energy consumption characteristics and load demand fluctuations of crypto mining and AI data centers pose significant challenges for grid management. Mining facilities adjust their electricity consumption based on changes in electricity prices, while AI data centers experience surges in power demand during processing, cooling, and storage, increasing the risk to grid stability. NERC recommends improving electricity demand forecasting, strengthening grid transmission planning, and promoting demand-side management (DSM) programs. Meanwhile, Texas has passed HB 3390 to enhance the management of distributed energy resources (DERs). (Cointelegraph)

#AI