The $750 billion buildout: How AI is reshaping energy infrastructure
The $750 billion buildout: How AI is reshaping energy infrastructure
20 April 2026
The rapid expansion of data centers is emerging as one of the most powerful forces reshaping global energy demand, with investment levels now rivaling upstream oil and gas.
As the sector scales, aligning power availability, emissions targets and project economics will define the next phase of growth, and open new opportunities across the energy value chain.
This whitepaper is a condensed version of Rystad Energy’s Data Center Report 2026. The full report is available to clients via the Client Portal. If you are not yet a client but would like to explore the findings in more detail connect with one of our experts for a discussion.
Global data center capacity surged 50% (2023–2025), with annual spend exceeding $770 billion
Our risked view is that less than half of announced capacity (262 GW) is expected to materialize
Data centers could reach 14% of the US power demand by 2030
Grid limits and equipment shortages are driving costs, delays and emissions concerns