AI is Driving Utilities to Spend a Record $240 Billion in 2026. Buy These Stocks to Capitalize on the Power Surge.
Publish Date: 2026-07-04 12:42:00
Source Domain: www.theglobeandmail.com
- AI Power Demand: Utilities are expected to spend up to $240 billion by 2026 to meet the anticipated surge in power demand driven by artificial intelligence (AI).
- Rising Power Prices: The increased demand is pushing up electricity prices, leading to resistance against AI data centers amid already high and rising consumer costs.
- Alternative Power Solutions: Companies able to supply power outside traditional grid infrastructures, like Bloom Energy, could benefit significantly from the growing AI demand.
- Company Performance and Valuations: Bloom Energy has a strong backlog and potential AI market presence but is overvalued; alternative options like Brookfield Renewable Partners and NextEra Energy offer more reasonable valuations and higher dividend yields.
