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Power Demand Is Reaccelerating

by Fortem Financial March 23, 2026

Structural forces from electrification to industrial growth are reshaping the U.S. power landscape.

We have been commenting on this for the past year or so and have allocated our portfolios accordingly. We thought it may be a good idea to take a little deeper look into Energy considering what is going on in Iran and why this is important to you.

After an unusually flat period over the past two decades, U.S. electricity demand is increasing again, marking a meaningful shift from prior consumption patterns. This reacceleration reflects numerous drivers beyond any single technology and is changing assumptions about how power systems are built, financed, and maintained.

Meeting this demand will require sustained investment across the full energy mix, as well as the infrastructure that supports generation, storage, and grid reliability.

U.S. power demand could increase more than 2x by 2050, despite ongoing efficiency gains, a stark contrast from two decades of flat power demand.

Why it matters:

  • Demand growth is being driven by multiple forces, including reshoring-related manufacturing, rising industrial load, AI data centers, and economy-wide electrification.
  • The current cycle reflects a break from historical norms, challenging long-held expectations of flat electricity consumption.
  • Addressing rising demand will require investment across generation, storage, and grid infrastructure to support reliability and resilience.

Source: TCW Insights

 

Market and Index Changes for the Week Ending 3/20/2026

Chart reflects price changes, not total return. Because it does not include dividends or splits, it should not be used to benchmark performance of specific investments. Data provided by Refinitiv.

 

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Fortem Financial
(760) 206-8500
team@fortemfin.com

 

 

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Brian Amidei, along with Partners Joseph Romano and Brett D'Orlando have also been named *2014, 2015, 2016, 2017, 2018 Five Star Wealth Managers!

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Five Star Professional Disclosure:
The Five Star Wealth Manager award is based on 10 eligibility and evaluation criteria: 1) Credentialed as an investment advisory representative (IAR) or a registered investment advisor; 2) Actively employed as a credentialed professional in the financial services industry for a minimum of five years; 3) Favorable regulatory and complaint history review; 4) Fulfilled their firm review based on internal firm standards; 5) Accepting new clients; 6) One-year client retention rate; 7) Five-year client retention rate; 8) Non-institutionalized discretionary and/or non-discretionary client assets administered; 9) Number of client households served; and 10) Educational and professional designations. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or the magazine. The award methodology does not evaluate the quality of services provided. Additional information about this award is available at: fivestarprofessional.com/2016FiveStarWealthManagerMethodology.pdf
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