A new report from Ontario’s Independent Electricity System Operator(IESO) suggests that electric vehicles and artificial intelligence facilities will drive a massive increase in demand for electricity in Ontario’s not-too-distant future.
The IESO estimates that overall electricity demand will grow by a projected 75% by 2050, which is higher than the 60% increase previously forecasted. The IESO attributes that growth in demand to a number of factors including industrial electric vehicle (EV) production and data centres (increasingly AI-driven).
