Xpansiv CEO sees AI-driven power supercycle fueling global growth in REC markets

The artificial intelligence boom and the data center supercycle reshaping global power markets are driving massive growth in renewable energy credit (REC) and carbon offset demand, particularly involuntary markets like Florida and emerging international jurisdictions, according to Xpansiv CEO John Melby.

In an interview with NPM, Melby said surging electricity consumption from hyperscale data centers is upending the long-standing assumption of flat or declining power demand in the US and is accelerating the need for flexible clean energy tracking tools across continents.

“Data centers are fundamentally changing the demand curve in energy markets,” Melby said. “And that demand is for clean energy.”