Brazil's Power Demand to Skyrocket by 2060, Driven by EVs, Data Centers, and Hydrogen
Aurora Energy Research has projected significant increases in Brazil's power demand by 2060, driven by the growth of Electric Vehicles (EVs), data centers, and hydrogen consumption. Understanding these trends is crucial for long-term power planning and intraday price dynamics in Brazil's power system.
In its Ambitious Growth Scenario, Aurora projects an additional 36 GW of renewable capacity and 14 GW of thermal capacity required by 2060. EVs alone could account for 3% to 16% of electricity demand by 2060, depending on fleet penetration and charging flexibility. Data centers are identified as the fastest-growing demand segment, with over 15 GW of connection requests submitted through 2035, potentially contributing 4% of total demand by 2060. Hydrogen electrolysers are expected to account for 8% of total electricity demand by 2060, driven by domestic and European demand.
Increased flexibility in EV and hydrogen consumption could lead to higher solar capture prices and reduced curtailment. Understanding the consumption patterns of these new technologies is critical for long-term power planning and intraday price dynamics in Brazil's power system.
Aurora Energy Research's projections highlight the significant impact of EVs, data centers, and hydrogen on Brazil's power demand by 2060. To accommodate this growth, Brazil's power system will require additional renewable and thermal capacity, as well as increased flexibility. Long-term planning and understanding of these new technologies' consumption patterns are essential for a stable and efficient power system.
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