Energy Demand and Market Trends - The ongoing investment theme in energy is driven by the growing demand for data centers to support artificial intelligence, leading to increased energy consumption [1][4] - Goldman Sachs projects that data center electricity use in the U.S. will rise from 3% of total demand in 2022 to 8% by 2030, with overall energy demand expected to grow by 2.5% over the next decade, five times the previous decade's growth rate [4][5] - The Bank of America Institute highlights the need for approximately $720 billion in global grid upgrades by 2030 to prevent energy bottlenecks [5] Company Performance - Bloom Energy and Oklo have seen significant stock price increases, with Bloom Energy up 285% and Oklo up 252% year to date, benefiting from the positive energy narrative [2] - Bloom Energy specializes in solid oxide fuel cell systems, providing modular, onsite power solutions that can be deployed quickly, within 50 days, to meet rising energy demands [7][9] Industry Dynamics - Hyperscalers like Microsoft, Alphabet, and Amazon are driving demand for renewable energy and reliable power, contributing to the resurgence of nuclear energy and increased reliance on natural gas [6] - The expansion of data centers to meet AI demand is expected to significantly increase energy consumption, with Bloom Energy and Oklo positioned to provide reliable energy solutions [8]