Daily Management Review

Morgan Stanley expects AI sector to equal Spain's power consumption by 2027


Morgan Stanley analysts expect that by 2027, the generative artificial intelligence sector of the economy will require as much electricity as all of Spain did in 2022.

Torkild Retvedt
Torkild Retvedt
Over the following four years, the sector's electricity demand is expected to increase at an average annual rate of 70%, from 15 TWh in 2023 to 224 TWh in 2027.

In 2022, Spain consumed about 230 TWh of energy.

Simultaneously, specialists at the bank anticipate that renewable energy sources would account for the majority of the electricity needed by the AI sector. As a result, businesses in the RES industry will benefit from the rapid advancement of technology.

source: morganstanley.com