Power & Infrastructure - Artificial Intelligence - Q1 2026
AI is no longer just a tech story - it's a power and infrastructure story.
Our latest Power & Infrastructure sector report highlights how AI-driven data center growth is reshaping the U.S. electric grid. Electricity demand is now forecast to grow ~5.7% annually, with AI and data centers driving more than half of peak load growth. Utilities are entering a historic ~$1.4 trillion grid investment cycle to address transmission constraints, reliability risks, and a potential 175 GW capacity shortfall by the early 2030s.
At the same time, AI is becoming foundational inside utility operations - improving reliability, storm response, and asset management - while fueling a surge in M&A across utility services, power, and AI-enabled grid platforms. The result: sustained capital deployment, elevated valuations, and an active transaction environment across power, infrastructure, and grid-adjacent technologies.
