"The rapid expansion of artificial intelligence is driving unprecedented demand for electricity, positioning utilities as some of the biggest long-term beneficiaries. Companies serving major data hub regions like Washington, Virginia, and even smaller, cheaper land areas such as Michigan and the Dakotas are expected to see significant growth. Much of this demand will be met by natural gas, with EQT and pipeline operators like Kinder Morgan playing a central role in supplying and transporting energy."
"Rising reliance on natural gas could help stabilize electricity costs, though prices are still expected to climb over the next several years. For investors, this creates opportunities across both large and regional utilities, as well as natural gas producers and infrastructure firms that will power AI's growth for the next decade. In this video, Doug and Lee discuss a few potential beneficiaries in the AI boom that aren't being discussed as much as others,"
Artificial intelligence expansion is creating unprecedented electricity demand that will make utilities major beneficiaries. Utilities serving large data-hub regions such as Washington, Virginia, and lower-cost land regions like Michigan and the Dakotas will see significant growth. Natural gas will supply much of the incremental power demand, with producers like EQT and pipeline operators such as Kinder Morgan critical to supply and transport. Increased reliance on natural gas could help stabilize electricity costs, although overall power prices are expected to rise in coming years. Investors can find opportunities among large and regional utilities, natural-gas producers, and energy-infrastructure firms enabling AI's growth.
Read at 24/7 Wall St.
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