(Bloomberg) — As utilities race to keep up ahead of rising electricity demand, developers have proposed a surge of latest power plants across the US — and only a number of of them would run on fossil fuels.

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The generating capability of proposed plants in the hunt for to hook up with the ability grid jumped nearly 90% throughout the last three years, in line with a recent study from Lawrence Berkeley National Laboratory. In 2023, the combined capability of all those plants totaled almost 2,600 gigawatts. A single gigawatt of electricity can power 750,000 homes.

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Solar energy and large-scale batteries account for greater than 80% of the proposed capability, in line with the study. In contrast, power plants that will burn natural gas or coal represent just 3%.

Still, the study cautions that historically, lower than 20% of projects that apply for a grid connection actually get built.

After remaining flat for years, US electricity demand is anticipated to climb rapidly as electric vehicles and data centers proliferate. A BofA Global Research report Wednesday forecast demand would grow 15% by 2030, or roughly 70 gigawatts.

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