2026 TOP UTILITIES: Feeling the Surge

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1 Sep 2026


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Will the ever-increasing number of data centers and swell of transmission and generation projects that follow ever slow down? According to Deloitte’s 2026 Power and Utilities Industry Outlook, the answer is a large and resounding “nope.”

By 2035, data center energy demand could reach 176 gigawatts (GW), five times more than it was in 2024. Industrial electrification has the potential to add 25 GW of demand within the next four years. Peak demand, according to Deloitte’s analysis, is expected to grow by about 26% in the next decade. Widespread electrification, the proliferation of AI and general consumption by households and commercial entities drive up demand, and though utility companies are certainly feeling it, many are rising to the occasion.

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