Power grid artificial intelligence energy storage equipment manufacturing stocks

What are energy storage stocks?

Energy storage stocks are companies that produce or develop energy storage technologies, such as batteries, capacitors, and flywheels. These technologies can store energy from renewable sources like solar and wind power, or from traditional sources like coal and natural gas.

Which electric utilities stocks are poised to benefit?

Electric utilities stocks like Constellation Energy (CEG), Duke Energy (DUK), and NextEra Energy (NEE) could be poised to benefit, the analysts said, as well as infrastructure providers like Equinix (EQIX).

Will AI boost Argan (AGX) stock?

Experts now see energy requirements continuing to increase — as power grids are considered to be in dire need of modernization — leading to plenty of AI growth opportunities for an energy stock like Argan. Argan (AGX) stock has tripled this year as the AI wave boosted tech, chip, data center and energy firms.

How will AI technology impact the energy industry?

The ripples from the boom in artificial intelligence technologies are expected to spread across the economy, far beyond technology stocks. That includes even the energy companies that supply utilities delivering power to AI-focused data centers. A reliable power supply is an integral component to the data centers that AI technology depends upon.

How will AI Impact the utilities sector?

While traditionally viewed as defensive, the utilities sector saw valuations spikein 2024 due togrowing electricity demands from AI data centers, which are projected to increase power consumptionby 160% over the next decade. This trend has particularly benefitted companies with nuclear power capabilities, a reliable, clean energy source.

Will AI power a data center?

These systems require massive amounts of power, and contractors to get it to them. The Department of Energy reported that AI data centers use 10 to 50 times the energy of a commercial office building. And Goldman Sachs forecasts AI will boost data-center power demand 160% by 2030. By 2028, AI could represent 19% of data-center power demand.