EE/MI Sunday Workaholics Weekly

研报英文原文证据摘录

EE/MI Sunday Workaholics Weekly

J P M O R G A N North America Equity Research

21 June 2026

EE/MI

Sunday Workaholics Weekly

This weekly product is meant to streamline investors’ weekend work by providing the Electrical Equipment & Multi-

tools/dashboard to help prepare for the week ahead. Industry

Chigusa Katoku AC

• Data point of the week. In this week’s datapoint, we provide key takeaways (1-212) 622-0855

from Bloom Energy's 2026 Mid-Year Datacenter Power Report, which chigusa.katoku@jpmchase.com

highlights industry forecasts estimating U.S. datacenter electricity demand at Piyush Khaitan

~700-1,200 TWh by 2030. Among these, S&P Global sits at the lower end at 755 (1-212) 622-0605

TWh, while SemiAnalysis projects 1,069 TWh. These estimates meaningfully piyush.khaitan@jpmchase.com

exceed EPRI's latest high-end projection of ~800 TWh by 2030. For context, J.P. Morgan Securities LLC

total U.S. datacenter electricity consumption stood at ~190-200 TWh in 2025,

implying a ~3-5x demand increase and a ~35% CAGR through 2030 at m/p of

The authors wish to thank Chandreyee industry forecasts. Aside, the EIA's latest report published in April placed

global datacenter electricity consumption at ~950 TWh. Beyond demand Sengupta, of the J.P. Morgan Global

forecasts, the report highlights that power availability - cited by 51% of Research Center, for contributions to this

respondents, remains the single most important factor in datacenter site report.

selection, followed by proximity to fiber optic networks, land availability, and

local regulatory considerations. Another interesting takeaway was that direct

current (DC) based architectures are expected to overtake alternating current

(AC) as the leading datacenter design by 2030, with survey noting 36% to be