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<ul class="summary-list"><li>Nuclear-power stocks fell after regulators voted against a deal between Amazon and Talen Energy.</li><li>The deal would permit a Talen nuclear plant to provide an Amazon data center with extra power.</li></ul>Nuclear-power stocks slumped on Monday after US regulators barred a plant from supplying extra power to an <a target="_blank" href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon</a> data center.The Federal Energy Regulatory Commission rejected the deal between Amazon and <a target="_blank" href="https://markets.businessinsider.com/stocks/tln-stock">Talen Energy</a> late last week. According to FERC Commissioner Mark Christie, approving the proposal would <a target="_blank" href="https://www.ferc.gov/news-events/news/commissioner-christies-concurrence-pjms-susquehanna-co-location-proposal-er24-2172">spark consequences for grid reliability and consumer costs</a>.Talen dropped as much as 8.6% on Monday, unleashing a broader downturn in the nuclear power sector. <a target="_blank" href="https://markets.businessinsider.com/stocks/vst-stock">Vistra</a> slid 6.7% at intraday lows, while <a target="_blank" href="https://markets.businessinsider.com/stocks/ceg-stock">Constellation Energy</a> tanked 13%.These firms have gained sharply as AI data centers have driven US <a target="_blank" href="https://markets.businessinsider.com/news/commodities/ai-power-grid-demand-utility-bill-outlook-electricity-ev-2024-7">power demand to new heights</a>. In recent months, tech companies have come to embrace nuclear power to run these centers, fueling underlying equities.Both Vistra and Constellation are among the top S&amp;P 500 performers this year. In a similar fashion to Talen, Constellation reached a 20-year deal with <a target="_blank" href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft</a> to power its data center inBut the FERC's decision sets a precedent that could challenge nuclear data center deals."FERC's decision will have a chilling effect on economic development in states such as Pennsylvania, Ohio, and New Jersey," Talen <a target="_blank" href="https://ir.talenenergy.com/news-releases/news-release-details/talen-energy-statement-ferc-order-rejecting-susquehanna-isa">said in a statement</a>.According to <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-11-04/us-power-stocks-slump-after-regulator-rejects-nuclear-agreement">Bloomberg</a>, the firm was already paid $650 million in March by Amazon Web Services for a data center campus next to the Pennsylvania plant at issue. AWS also signed a long-term deal to purchase power from the plant.Other nuclear equities also suffered on Monday, with the Sam Altman-backed firm <a target="_blank" href="https://markets.businessinsider.com/stocks/oklo-stock">Oklo</a> and <a target="_blank" href="https://markets.businessinsider.com/stocks/nne-stock">Nano Nuclear Energy</a> both falling by double-digits.

Nuclear-power stocks slide after regulator rejects plan to power Amazon data center

<ul class="summary-list"><li>Tech giants like Amazon and Microsoft are striking nuclear power deals for their AI data centers.</li><li>The nuclear power resurgence is driven by clean energy demand and AI's soaring power needs.</li></ul>The nuclear power industry <a target="_blank" class="" href="https://www.businessinsider.com/amazon-google-microsoft-openai-big-tech-investment-nuclear-ai-race-2024-10">is undergoing a renaissance</a> as demand for clean power soars across the country, partly driven by the soaring energy needs associated with artificial intelligence data centers.Mega-cap technology companies, including <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon</a>, <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft</a>, and <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/googl-stock">Alphabet</a>, have inked nuclear power deals to feed their growing energy needs as AI becomes a bigger part of their businesses. One utility company is even restarting the Three Mile Island nuclear power plant after inking a 20-year deal to sell the power to Microsoft.Three Mile Island, located on the Susquehanna River in Pennsylvania, was the site of the country's worst nuclear accident in 1979.Meanwhile, <a target="_blank" class="" href="https://www.businessinsider.com/amazon-nuclear-power-strategy-ai-2024-10">Amazon has led a $500 million financing round</a> for a company developing modular nuclear reactors and purchased a nuclear-powered data center in March for $650 million."One of the fastest ways to address climate change is by transitioning our society to carbon-free energy sources, and nuclear energy is both carbon-free and able to scale—which is why it's an important area of investment for Amazon," Amazon Web Services CEO, Matt Garman, said in a press release.Analysts on Wall Street are encouraged, too. "The nuclear energy projects involve the construction of several Small Modular Reactors (SMRs), a compact, advanced type of reactor that can be built closer to grids and completed faster than traditional reactors. SMRs also offer the potential to reduce carbon emissions, paving the way for cleaner, more sustainable energy," CFRA analyst Arun Sundaram said in a note last week.He added: "With the full power of AI dependent on both data centers and energy infrastructure, these investments further help AMZN secure its positioning as a leading cloud/AI provider."The resurgence in nuclear power has led to big moves on Wall Street, with some stocks more than doubling in just a few days this month.From utility companies to uranium miners to small-scale nuclear developers, these stocks are soaring amid the revival of America's nuclear power industry.7. Cameco<div type="image" title="CCJ stock" height="568" width="671" msid="114593576" hostid="261" sizebytes="23410"></div>Ticker: <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/ccj-stock">CCJ</a> Market value: $23.6 billion YTD Performance: +25%6. BWX Technologies<div type="image" title="BWXT stock" height="595" width="682" msid="114593572" hostid="261" sizebytes="21428"></div>Ticker: <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/bwxt-stock">BWXT</a> Market value: $11.3 billion YTD Performance: +62%5. Oklo<div type="image" title="OKLO stock" height="590" width="674" msid="114593573" hostid="261" sizebytes="18650"></div>Ticker: <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/oklo-stock">OKLO</a> Market value: $2.4 billion YTD Performance: +88%4. Constellation Energy<div type="image" title="CEG stock" height="610" width="680" msid="114593579" hostid="261" sizebytes="23222"></div>Ticker: <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/ceg-stock">CEG</a> Market value: $83.5 billion YTD Performance: +128%3. Vistra<div type="image" title="CEG stock" height="570" width="676" msid="114593574" hostid="261" sizebytes="22818"></div>Ticker: <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/vst-stock">VST</a> Market value: $43.0 billion YTD Performance: +224%2. Nano Nuclear Energy<div type="image" title="NNE stock" height="588" width="677" msid="114593578" hostid="261" sizebytes="21170"></div>Ticker: <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/nne-stock">NNE</a> Market value: $589.6 million YTD Performance: +272%1. NuScale Power<div type="image" title="SMR stock" height="567" width="676" msid="114593570" hostid="261" sizebytes="21064"></div>Ticker: <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/smr-stock">SMR</a> Market value: $1.8 billion YTD Performance: +481%

Nuclear power stocks are soaring amid an AI energy push. Here are 7 names to watch.

As many as seven <keyword id="19955648" type="General" weightage="20" keywordseo="Adani-group" source="keywords">Adani group</keyword> stocks ended lower on Friday as the Swiss authorities froze USD 311 million (Rs 2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of a money laundering probe, suspecting he may be a frontman from the group -- a charge the conglomerate vehemently denied. Shares of <keyword id="19934911" type="General" weightage="20" keywordseo="Adani-Power" source="keywords">Adani Power</keyword> dropped 2.73 per cent, Adani Energy Solutions declined 2.42 per cent, Adani Ports slipped 1.37 per cent, Adani Green Energy went lower by 1.17 per cent, Adani Enterprises dipped 0.76 per cent, Adani Total Gas (0.55 per cent) and Adani Wilmar (0.37 per cent) on the BSE. However, three group firms managed to settle in the green. The stock of <keyword id="19963163" type="General" weightage="20" keywordseo="ACC" source="keywords" meta.keywordsubtype="org" meta.entityname="ACC" meta.hostid="261" meta.entityid="ACC">ACC</keyword> jumped 1.94 per cent, NDTV climbed 1.01 per cent and <keyword id="20057393" type="General" weightage="20" keywordseo="Ambuja-Cements" source="keywords" meta.keywordsubtype="org" meta.entityname="Ambuja Cements" meta.hostid="261" meta.entityid="Ambuja Cements">Ambuja Cements</keyword> (0.01 per cent). During the day, shares of Adani Power tumbled 3.20 per cent, Adani Energy dived 2.75 per cent, Adani Green declined 1.53 per cent, Adani Ports went down by 1.51 per cent, Adani Enterprises fell 1.18 per cent, Adani Wilmar (1.07 per cent), Adani Total (0.89 per cent), NDTV (0.57 per cent), Ambuja Cements (0.54 per cent) and ACC (0.46 per cent). Swiss authorities have frozen USD 311 million (Rs 2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of money laundering probe, suspecting he may be a frontman from the Adani group -- a charge the conglomerate vehemently denied saying it was neither involved in any Swiss court proceedings nor any of its accounts are subject to sequestration. US-based short-seller <keyword id="20016892" type="General" weightage="20" keywordseo="Hindenburg-Research" source="keywords" meta.keywordsubtype="org" meta.entityname="Hindenburg Research" meta.hostid="261" meta.entityid="Hindenburg Research">Hindenburg Research</keyword>, which had last year targeted the Adani group in a damning report that led to wiping away of USD 150 billion in market value of listed firms of the conglomerate in the following weeks, in a post on X cited "newly released Swiss criminal records reported by Swiss media outlet" to state that "Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of a money laundering and securities forgery investigation into Adani, dating back as early as 2021." "Prosecutors detailed how an Adani frontman invested in opaque BVI/Mauritius &amp; Bermuda funds that almost exclusively owned <keyword id="20372802" type="General" weightage="20" keywordseo="Adani-stocks" source="keywords">Adani stocks</keyword>," it said citing the report. Adani group rejected the allegations as baseless, saying it had no involvement in any Swiss court proceedings. "We unequivocally reject and deny the baseless allegations presented. The Adani Group has no involvement in any Swiss court proceedings, nor have any of our company accounts been subject to sequestration by any authority," it said. The Swiss media outlet Gotham City in its report stated that a ruling by the Federal Criminal Court (FCC) reveals that the Geneva Public Prosecutor's Office was investigating alleged wrongdoing and more than USD 310 million belonging to an alleged frontman for billionaire <keyword id="19929098" type="General" weightage="20" keywordseo="Gautam-Adani" source="keywords">Gautam Adani</keyword> have been sequestered in five Swiss banks over the last three years. The Swiss investigators suspect that the associate, Chang Chung-Ling, is not the ultimate beneficial owner (UBO) of the company under investigation, but a mere front. The Adani Group, however, said that the court order was not linked to them and they have not been mentioned in it. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/webstories/western-carriers-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/113312196.cms">Western Carriers IPO – Price band to risk factors, all you need to know</a> <a href="https://www.businessinsider.in/stock-market/news/pn-gadgil-jewellers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113302533.cms">PN Gadgil Jewellers IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-pro-is-already-cheaper-than-the-iphone-15-pro-in-india-but-you-can-get-it-for-up-to-30000-cheaper/articleshow/113220789.cms">iPhone 16 Pro is already cheaper than the iPhone 15 Pro in India, but you can get it for up to ₹30,000 cheaper</a>

Majority of Adani group stocks settle lower; Adani Power drops nearly 3%

Mumbai (Maharashtra) [India], July 29 (ANI): The Power Transmission &amp; Distribution (<keyword id="21574285" type="General" weightage="20" keywordseo="PTD" source="keywords">PT&amp;D</keyword>) business of <keyword id="19975888" type="General" weightage="20" keywordseo="Larsen-Toubro" source="keywords" meta.keywordsubtype="org" meta.entityname="Larsen &amp; Toubro" meta.hostid="153" meta.entityid="Larsen &amp; Toubro">Larsen &amp; Toubro</keyword> (<keyword id="19963313" type="General" weightage="100" keywordseo="LT" source="keywords">L&amp;T</keyword>) has secured new orders both domestically and internationally for the construction of substations and <keyword id="21017821" type="General" weightage="20" keywordseo="transmission-lines" source="keywords">transmission lines</keyword>. According to an exchange filing, these projects are integral to the vast, interconnected electricity network, aiming to accelerate the <keyword id="20596535" type="General" weightage="20" keywordseo="clean-energy-transition" source="keywords">clean energy transition</keyword> and ensure a reliable, resilient power supply. In India, L&amp;T's PT&amp;D has been entrusted with two 765kV double circuit transmission line projects. These projects are vital for the evacuation of power from the Jaisalmer/Barmer <keyword id="21873922" type="General" weightage="20" keywordseo="Renewable-Energy-Zone" source="keywords">Renewable Energy Zone</keyword> in Rajasthan, channelling it to substations in Madhya Pradesh for further distribution. This initiative is a step towards harnessing and utilising renewable energy resources efficiently within the country. On the international front, Saudi Arabia continues its pursuit of sustainable and efficient power supply by bolstering its 380kV network in the central region. L&amp;T's PT&amp;D has secured orders to construct a 380kV substation and 380kV overhead line segments. These developments are crucial for enhancing the region's <keyword id="21644086" type="General" weightage="20" keywordseo="electricity-infrastructure" source="keywords">electricity infrastructure</keyword> and ensuring a stable power supply. In the United Arab Emirates, L&amp;T's PT&amp;D has been awarded contracts to build a 220kV substation and three 132kV substations. These substations will be pivotal in meeting the growing electricity demand in Dubai and Abu Dhabi, supporting the utilities in maintaining a robust and reliable power network. Larsen &amp; Toubro, a USD 27 billion Indian multinational, is a prominent player in EPC projects, hi-tech manufacturing, and services with a global footprint. Renowned for its customer-focused approach and relentless pursuit of top-quality standards, L&amp;T has maintained leadership in its major business domains for over eight decades. The recent orders won by L&amp;T's PT&amp;D fall under the 'Large' category, with values ranging from Rs 2,500 to Rs 5,000 crore.

L&T wins multiple orders worth Rs 2500 to 5000 crore to build grids for clean energy transition

<ul class="summary-list"><li>Virtual power plants aggregate homeowners' rooftop solar, battery storage, and electric vehicles.</li><li>State energy agencies and utilities tap the energy to prevent power outages during extreme weather.</li></ul>A growing number of homeowners are getting paid to leverage their rooftop solar, battery storage, and electric vehicles to help prevent power outages and clean up the grid.Their at-home renewable energy is being networked together to form "virtual power plants" in states like California, Vermont, Texas, and Utah, where energy agencies and utilities are tapping these resources to meet peak electricity demand during extreme weather. These VPPs are lowering costs and keeping dirtier "peaker" gas plants, which are typically used during emergencies, offline. In exchange, homeowners are paid anywhere from a few hundred dollars to up to $10,500 in one year, depending on the program.GoodLeap, which finances and develops software for sustainable home energy systems, launched its own VPP program this summer in California by aggregating 200 of its customers' batteries. The storage capacity is made available to a state-wide grid support program run by the California Energy Commission. So far, the batteries have helped alleviate six "stress" events since July, including during heat waves, GoodLeap said. The company offered customers up to $350 this year for participating, and GoodLeap gets paid by the state program <a target="_blank" href="https://dsgs.olivineinc.com/faq/#acc-r55c644-2">at varied monthly rates</a>.While versions of VPPs have existed for years — including utilities adjusting thermostats and water heaters to conserve energy — what's new is the rising adoption of home solar panels, battery storage, and EV chargers that can send power back to the grid. The extra capacity is critical at a time <a target="_blank" href="https://www.businessinsider.com/blackouts-power-outages-more-common-climate-change-electric-grid-infrastructure-2023-3">when extreme heat and storms are causing more power outages</a> and electricity demand <a target="_blank" href="https://www.businessinsider.com/data-centers-energy-demand-utilities-green-renewable-2023-10">is surging from data centers</a> and a US manufacturing boom.The Energy Department <a target="_blank" href="https://liftoff.energy.gov/wp-content/uploads/2023/09/20230911-Pathways-to-Commercial-Liftoff-Virtual-Power-Plants_update.pdf">estimated that between 2023 and 2030</a>, the US will have to add enough power capacity to meet more than 200 gigawatts of peak demand, which is comparable to about 200 nuclear power plants. At least 10% to 20% of that demand could be met by VPPs, which have a lot of untapped potential across the US, all while saving some $10 billion in annual grid costs."We're still in the single-digits, in terms of the percentage of homeowners that have solar and battery storage in the US," Dan Lotano, GoodLeap chief strategy officer, told Business Insider. "So as utility rates continue to rise and technology costs are driven down, I'm bullish about where this market can go. And now we've added another value bucket to homeowners that they couldn't access beforehand."GoodLeap's entry into VPPs trails behind its competitor in the home energy market, Sunrun. The company already has 16,200 customers enrolled in the California Energy Commission's program, which launched in 2022. Sunrun has aggregated enough battery capacity to match a natural gas "peaker" plant or take the entire city of Santa Monica off the grid, according to Chris Rauscher, Sunrun's head of grid services and VPPs. Sunrun in California auto-enrolls customers who are paid $100 a year, while ensuring that batteries maintain at least 20% charge in case people need backup power."We have been called on all summer long," Rauscher said.Sunrun is also working with three owners of the all-electric Ford F-150 Lightning in Maryland to test its ability to power homes during peak summer demand to ease pressure on the grid. The truck owners are customers of Baltimore Gas and Electric Company.Brian Foreman is one of the early adopters. In late June, after several months of Ford and Sunrun troubleshooting software, the battery in Foreman's Ford-150 started powering his home from the peak hours of 5pm to 9pm each night. Foreman said he paid $9,200 for the installation of a bidirectional power system, and now earns $500 a month for participating in the pilot this summer through September."I feel like I'm playing a part in making the grid more resilient," Foreman told BI.Some utilities are warming up to leveraging VPPs for several reasons. In 2020, the Federal Energy Regulatory Commission, which oversees interstate electricity markets, required power grid operators to develop plans for integrating homeowners' rooftop solar, batteries, EVs, and energy-smart devices into the market. Many utilities are also struggling to meet renewable energy targets, in part because it takes a long time to build big infrastructure projects in the US and hook them up to the power grid."It's really hard to build utility-scale solutions," Sunrun CEO Mary Powell told BI last month. "I long ago said we went from NIMBY to BANANA, which is 'build absolutely nothing anywhere near anyone.'""I think all arrows point to innovation," Powell added. "Let's leverage technologies that are more cost-effective because they're paid for by the customers that are installing them."Before leading Sunrun, Powell was president and CEO of Green Mountain Power, Vermont's largest utility. The utility's energy supply is already 100% carbon-free, including renewable and nuclear power, and it's been a trailblazer in VPPs since 2015. That year, Green Mountain Power started subsidizing some customers who installed backup battery power as long as they shared it during peak demand.The program has grown to more than 4,000 batteries with a capacity of nearly 70 megawatts — or similar to a larger gas power plant in the state, according to Kristin Carlson, vice president of strategy and external relations at Green Mountain Power. The utility has saved about $3 million annually in recent years, which is passed onto all customers. Homeowners can get up to $10,500 upfront to buy and install their own batteries, or $5,500 for two Tesla Powerwalls, as long as they participate in the VPP for 10 years."Because we are able to use our virtual power plant, we're not having to purchase expensive and often dirty power from the regional grid," Carlson said. "We've been able to retire two fossil-fuel-powered peaker plants. That's cut carbon emissions."

Homeowners are getting paid up to $10,500 a year to create 'virtual power plants' to help out stressed grids

<ul class="summary-list"><li>The artificial intelligence boom is straining America's power grid. </li><li>AI queries can use 30 times more energy than traditional searches, massively escalating power demand.</li></ul>First <a target="_blank" href="https://www.businessinsider.com/electric-car-wont-overload-electrical-grid-california-evs-2022-10">it was electric vehicles.</a> Then <a target="_blank" href="https://www.businessinsider.com/bitcoin-mining-electricity-usage-more-than-google-2021-9">it was bitcoin.</a> Now its AI.All three trends have sparked ongoing concerns about the power-hungry nature of new technologies as they push America's shaky power grid to the limit.It appears that the AI boom, which is still in its early days, might be the biggest stressor on the country's electric grid.That's because mega-cap tech companies are spending hundreds of billions of dollars on power-hungry AI-enabled GPU chips, which are housed in massive data centers <a target="_blank" href="https://markets.businessinsider.com/news/stocks/ai-stocks-to-invest-artificial-intelligence-data-center-energy-companies-2024-6">that require state-of-the-art cooling technologies to dissipate the heat generated from the computers.</a>AI research company Hugging Face has estimated that generative AI search queries <a target="_blank" href="https://www.scientificamerican.com/article/what-do-googles-ai-answers-cost-the-environment/">can use 30 times as much energy</a> as a traditional Google search.And with hundreds of millions of users already interacting with AI tools like ChatGPT, the power demand for AI technologies is only set to rise.<a target="_blank" href="https://markets.businessinsider.com/stocks/bac-stock">Bank of America</a> put into perspective the challenges faced by the power grid as it grapples with surging demand from AI data centers."Manufacturing, data centers, artificial intelligence, and the push for electrification are expected to add massive demand to an already-tight electrical grid. Intermittent wind and solar cannot provide the needed power and tight supplies could lead to higher prices, bottlenecks, and outages," Bank of America said in a recent note.Some eye-opening stats about the US power grid cited by Bank of America include: <ol><li>"The US grid produces 1,250 gigawatts (GW) of electricity from 9,200 generating units. Sometimes called 'the world's largest machine,' the American power grid has 600,000 miles of transmission lines, enough to wrap around the Earth 24 times. The average age of transformers, transmission lines, and other grid equipment is 40-50 years old."</li><li>"Demand is rising for the first time in a decade. Over the past ten years, power demand rose just 0.4% per year. Over the next decade, the growth rate is expected to be 2.1% to 2.8%. Expected future demand of 70 GW by 2030 is like adding another state of Michigan to the grid every year."</li><li>"Supply is tight and hard to add. No major utility projects are expected before 2026, and 160GW of fossil fuel supply has been shut in the past decade. Regulatory, permitting, and political obstacles often thwart new energy and mining efforts. Our colleagues expect only 55-60GW of capacity to be added in the near future."</li><li>"Wind and solar struggle to make up the difference. They run only 24-40% of the time, producing much less than 'nameplate' capacity figures would suggest. Adding batteries brings extra strain: battery storage is 141 times more expensive than liquefied natural gas, and every KWh of battery storage required 50KWh of energy to create it."</li></ol>Baird managing director and tech strategist Ted Mortonson <a target="_blank" href="https://markets.businessinsider.com/news/stocks/ai-stocks-hardware-vs-softare-tech-performace-nvidia-tsmc-broadcom-2024-6">told Business Insider last month</a> just how big of a problem the power demand of AI is."The cost of that Gen AI architecture is freaking out of control. Oracle on their conference call basically said they are now constructing 70 megawatt data centers, going to 200 megawatts. That's the size of a city. So, they're so power hungry," Mortonson said. Oracle announced in its earnings call in March that it would invest $10 billion to expand data center capacity in order to service the huge demand for generative AI. <a target="_blank" href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon</a> woke up to this realization earlier this year, evidenced by its decision to <a target="_blank" href="https://www.businessinsider.com/data-centers-amazon-ai-nuclear-power-grid-2024-5">buy a nuclear power plant in Pennsylvania for $650 million.</a>A recent report from The Wall Street Journal said that Amazon's cloud unit is nearing a deal with Constellation Energy for electricity that would be directly supplied from a nuclear power plant on the East Coast.This demand boom has led to a renaissance in utility stocks, with the sector surging 8% so far this year, and <a target="_blank" href="https://markets.businessinsider.com/news/stocks/ai-stocks-to-buy-electricity-demand-benefit-utilities-data-centers-2024-5">Goldman Sachs believes the gains can continue.</a>"While investor interest in the AI revolution theme is not new, we believe downstream investment opportunities in utilities, renewable generation and industrials whose investment and products will be needed to support this growth are underappreciated," Goldman Sachs said in a note earlier this year.The bank <a target="_blank" href="https://markets.businessinsider.com/news/stocks/ai-stocks-to-buy-electricity-demand-benefit-utilities-data-centers-2024-5">highlighted four top utility stocks to buy,</a> including Xcel Energy, NextEra Energy, Southern Co., and Sempra."US power demand likely to experience growth not seen in a generation. Not since the start of the century has US electricity demand grown 2.4% over an eight-year period, with US annual power generation over the last 20 years averaging less than 0.5% growth," Goldman Sachs said.

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Nuclear-power stocks slide after regulator rejects plan to power Amazon data center

Filip De Mott

Nuclear power stocks are soaring amid an AI energy push. Here are 7 names to watch.

Matthew Fox

Majority of Adani group stocks settle lower; Adani Power drops nearly 3%

PTI

L&T wins multiple orders worth Rs 2500 to 5000 crore to build grids for clean energy transition

ANI

Homeowners are getting paid up to $10,500 a year to create 'virtual power plants' to help out stressed grids

Catherine Boudreau

The AI boom will push America's shaky power grid to its limit

Matthew Fox

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