Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Photo: Zhang Peng/LightRocket via Getty Images
A new Morningstar note explores three reasons why they see U.S. power demand rising through at least 2030: new demand from growing marijuana, charging electric cars, and powering data centers.
Why it matters: The note shows how the power grid is facing new challenges even as the overall energy efficiency of the economy grows — and how some utilities can benefit from new markets for their energy.
- The analysts note sees those three sectors growing to reach 6% of total U.S. power demand by 2030.
Threat level: "The most successful utilities must attract these industries by investing in grid expansion, smart networks, safety, reliability, and renewable energy during the next decade," it states.