U.S. Electricity Demand is Exploding: 3 Stocks to Play its Monster Growth
American Superconductor (AMSC) The Motley Fool·2024-09-29 09:30
These companies are each helping to build the next-generation electricity grid.The two big trends for the rest of the decade will be artificial intelligence and electrification.Behind both of those megatrends? Electricity ... and lots of it.In fact, electricity demand is growing in the U.S. at a rate we haven't experienced in over 20 years. According to Goldman Sachs (GS 0.32%), U.S. electricity demand will grow at a 2.4% annualized rate through the end of this decade. While that doesn't sound like much, co ...