Developing new sources of carbon-free electricity Although AI is projected to be about 0.24% of total global electricity use by 2026, the broader cross- sectoral load growth necessitates the build-out of carbon-free electricity and additional sources of carbon-free energy generation. The technology and energy industries must work to meet the evolving demands on the world’s grids and this build-out of carbon-free energy sources through a combination of direct investment and green procurement (e.g., power purchase agreements). In addition, new sources of energy will need to be connected to new sources of demand through increased transmission and distribution capacity. The integration of software that increases grid transparency and accuracy can help. SURVEY INSIGHT of leaders in energy companies and of leaders in technology companies surveyed are willing to pay more for carbon-free energy 83% 75% 82 Powering Possible 81
Powering Possible 2024: AI and Energy for a Sustainable Future Page 41 Page 43