Surging Electricity Demand Threatens Renewable Energy Margins

Douglas McIntyre and David Callaway, Editors-in-Chief at Climate Crisis 24/7, discuss the surging demand for electricity—fueled by AI, Bitcoin mining, and climate-driven air conditioning usage—and the resulting pressure on renewable energy markets. Despite growth in solar and wind capacity, cheap renewable energy is squeezing company margins. Combined with grid limitations and falling investor interest, these pressures may push the energy sector back toward fossil fuels, favoring oil and gas’s higher margins. The conversation also hints at potential factors that could reverse this rising energy demand.