The U.S. is about to see an explosive demand for electricity from new AI data centers and factories. Over the next five years, demand is expected to grow by almost 16 percent, according to Grid Strategies. Comparatively, since 2005, power consumption has never increased by more than 1 percent each year.
In the last few years, American companies have responded. With the help of incentives in the Inflation Reduction Act passed in 2022, they have heavily invested in more energy, including wind, solar, and other renewable energy projects. Utility companies have been counting on these projects to deliver more energy – enough to power 227 million homes. Unfortunately, Republicans' "Big Beautiful Bill," which President Trump signed into law on July 4th, wipes out clean energy investments for wind and solar projects, as well as batteries for energy storage. That means many of these projects will be cancelled – less energy when we need much more.
And removing incentives isn’t the only obstacle – there are regulatory roadblocks also. A new order gives Interior Secretary Doug Burgum sole authority to approve or reject all new wind and solar energy projects, even for the most routine activities, and even after energy companies have cleared all the other regulatory red tape. The Trump Administration is making it nearly impossible to build the renewable energy we need to prevent blackouts and lower consumers' electricity bills.