A new Goldman report paints a very troubling picture of the U.S. power grid, which appears to be entering a dark period within the next few years where power supplies may no longer meet surging peak summer demand. With spare generation capacity dwindling, the risk of rolling blackouts and sharp price spikes is rising. All signs point to one conclusion: it might be time to purchase a whole-house generator.
Goldman analysts Hongcen Wei, Samantha Dart, and Daan Struyvenn note that power demand has been surging across the U.S. in recent years, driven by a combination of onshoring-related electrification, the growth of electric vehicles, and the rise of energy-intensive data centers (read: Next AI Trade).
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Wei forecasts this trend will only accelerate, anticipating 2.5% annual U.S. power demand growth through 2030. However, the buildout of stable power generation, particularly "on-demand" sources such as natural gas and coal, has severely lagged behind