Frederick Doerschem Power demand has been flat for decades but is expected to increase in the US. EIA projected power demand will rise to 4,103 billion kilowatt-hours (kWh) in 2024 and 4,159 billion kWh in 2025 compared with 4,000 billion kWh in 2023. Over a longer time frame, US power demand is expected to grow ~38% over the next twenty years, which is a 4x higher growth rate than seen in the last two decades. Growth is expected to be driven by trends such as industrial electrification, manufacturing onsho ...