Following his participation on the Electrification Panel at Smith’s Infrastructure Finance and Resiliency Conference, Jim Colby, Senior Municipal Strategist at VanEck provided this report:
I recently participated on a panel discussion in Washington, D.C. with leaders from the utilities industry. The topic: the re-electrification of the U.S. Although much is being discussed about this issue, especially as it relates to the stunning current and future growth of AI, I thought I’d offer some perspective that frames both the discussion and the reality that will impact the municipal marketplace.
AI-driven electricity demand is forcing a decade of infrastructure spending into five years.
