EVs and datacentres driving new global 'age of electricity', says watchdog

The world's electricity use will grow every year by more than the amount consumed annually by Japan because of a surge in electric transport, air conditioning and datacentres, according to the world's energy watchdog. The International Energy Agency has raised its predictions for the world's rising demand for electricity, pegging the growth at almost 4% a year until 2027, up from its previous forecast of 3.4% year. The influential Paris-based agency said the "new age of electricity" was dawning as a result of the climate crisis as more people begin to use air conditioning to cope with extreme temperature rises and economies begin to turn away from using fossil fuels in favour of cleaner power. More governments are taking steps to rely on electricity for transport and heating systems as well as heavy industry, according to the report, and there is also expected to be a rapid expansion of energy-hungry datacentres used to train artificial intelligence (AI). The forecasts are likely to stoke fears that the race to build more datacentres to support the boom in AI could become a drain on energy supplies, causing costs to rocket and stalling efforts to cut fossil fuels from power generation.