Jensen Huang, chief executive officer (CEO) of Nvidia, predicted that thanks to large-scale artificial intelligence (AI) infrastructure investment, energy prices, including electricity bills, will decline in the long term. Huang said, "As the AI industry grows rapidly, countries are working to revamp and modernize their aging power grids."
On Feb. 3 (local time), at a press briefing for 3D Experience World 2026 hosted by Dassault Systèmes in Houston, Texas, Huang stated accordingly, "We are witnessing the first energy industry innovation led by the market in history." He said, "Because of massive AI investment, countries now have a rationale to reinforce their power grids and improve energy generation capacity and technologies," adding, "For the first time, sustainable energy sources such as nuclear and solar have gained the market momentum to scale."
Huang added, "Until now, weak market momentum made it difficult for sustainable energy sources, including renewables, to take off," noting that the mood has shifted as AI, an investment driver, has entered the picture rather than the social imperative of responding to climate change.
As AI demand grows explosively, AI data centers are consuming enormous amounts of power, to the point they are called "electricity-guzzlers," driving electricity rates sharply higher in major countries including the United States. The International Energy Agency (IEA) projected that global data center power consumption will more than double, from 415 TWh (terawatt-hours) last year to 945 TWh in 2030. That is on par with Japan's annual power consumption.
Addressing concerns that AI-driven power shortages are increasing pressure to raise electricity bills, Huang predicted, "In the long term, energy expenses will fall." He explained, "With the largest AI infrastructure investment in human history now underway, the market will invest in energy generation. As a result, energy supply will expand, and as the grid is upgraded and modernized, energy expenses will inevitably come down."
He added, "Right now, the performance and stock prices of major energy corporations such as Mitsubishi, Siemens and GE are all improving, and they are enjoying an unprecedented boom," assessing that the rise of AI is reshaping the energy industry landscape.
Pascal Daloz, CEO of Dassault Systèmes, said we should consider ways to reduce energy use by leveraging AI. He said, "If AI is properly applied to manufacturing plants, it can optimize processes and deliver corresponding energy savings," adding, "While the surge in power demand driven by AI is one aspect of the energy supply shortfall, we also need to take into account the inefficiencies of current systems."