Ignition Research, a leading market analysis firm for next-generation energy solutions and their applications announces our Fusion Energy and Electricity Demand Forecasts. The beta version of the Fusion Energy Worldwide Demand Market Report forecasts the worldwide demand for electricity and the projected adoption of fusion energy within the worldwide electricity market. The forecast extends from 2025 through 2050 in 5-year increments. It provides a breakdown by key markets driving significant power demands (industrial, AI/Data Centers, EVs, air-conditioning, and EVs) and breaks down this data by major geographical regions.

The gold standard for forecasting electricity demand and generation today is the United States Energy Information Agency (US-EIA) forecast, which goes through 2050. The most recent US-IEA forecast shows renewals growing to 49.8% of WW power generation (with solar at 20.1% and wind at 13.7%), while fossil fuels will be down to 42.4%. However, there are some problems with the US-EIA’s forecast. 

• Renewables Supply and Supply Chain Risks: Growth (over 2.5X between 2022 and 2050) seems aspirational, especially given that China produces over 90% of all solar panels, over 75% of wind turbines, and over 84% of Lithium batteries today.
• AI Data Center & EV Demand Underestimated: Many drivers of electrical demand are underestimated, specifically the electrical needs for EV charging (increases demand by over 7% by 2050) and for hyper-scale data centers (increases demand by nearly 12% by 2050).
• 24% Electricity Gap Will be Closed by Fusion: These factors will increase the demand for electricity by roughly 16% by 2050 and create a significant “electricity gap,” which will only worsen if fossil fuels are cut back further to meet global climate initiatives. From our perspective, this “electricity gap” will only likely worsen over time.
• Directly Dispatchable 24/7 Power: Fusion is the ONLY green electricity source that can be directly dispatched to the grid 24/7 and can be a plug-and-play replacement for current water-heating power plants.