Capital Power’s top executive says it will become possible to build new gas-fired power plants to support large data centers in Alberta after the Canadian government relaxed environmental standards https://t.co/YP42rYeNuQ ...

Summary of the Conference Call on US Power Demand and Renewables Industry Overview - The discussion focuses on the **US power demand** and the impact of **renewables** in the context of rising demand driven by **data centers** [1][3] Key Points and Arguments - **Rystad Energy Report**: A report led by Marina Domingues indicates that the full retail power price impact of US data centers will not be fully realized until closer to **2030**. The increase in US energy demand is expected to face challenges due to "severe supply-side bottlenecks" [3][1] - **Market Dynamics**: The conversation aims to explore the relationship between the growth of renewables and the increasing power demand from data centers, emphasizing the need for affordability and the role of data center operators in utilizing renewables [1][3] - **Renewables vs Non-Renewables**: The discussion will cover insights from data center operators regarding the attractiveness of gas compared to renewables for meeting load growth [9][1] - **Growth Projections**: Projections for data center growth will be analyzed, including which regions are most attractive and how Rystad assesses risks related to data center capacity growth based on power availability [9][1] Relevant Stocks - The call mentions several relevant stocks in the utilities and clean energy sector, including: - **EDPR** - **RWE** - **Engie** - **Orsted** - **Iberdrola** [5][35] Additional Insights - **Behind the Meter Considerations**: The call will address behind-the-meter considerations for data centers, which may influence their energy sourcing strategies [9][1] - **Market Adjustments**: Discussion on how the market may adjust for renewables, including PPA prices and the appetite from local utilities and corporate entities [9][1] - **Risks for Non-Renewables**: Key risks associated with non-renewables will be identified, along with potential implications for data center-driven power demand [9][1] Speaker Background - **Marina Domingues**: Vice President at Rystad Energy, leading the New Energies research team for the Americas, focusing on power market dynamics and clean technologies [5][1] This summary encapsulates the essential elements of the conference call, highlighting the interplay between US power demand, renewables, and data centers, while also identifying key stocks and potential market dynamics.

Incident Summary - CME Group markets outage lasting over 10 hours was attributed to human error at CyrusOne data centers [1] Operational Risk - Highlights the potential operational risks associated with reliance on third-party data center providers [1]

Data Center Construction - The industry needs to consider power train, thermal chain, and prefabrication to industrialize data center construction in unprecedented ways [1]

Financial Performance - The company posted a record profitable quarter with revenue growing 14% and profit growing faster at 26% [2] - The company exceeded both EPS and free cash flow guidance [2] - The server segment, inclusive of AI, returned to approximately 10% operating profit in Q4 [12] AI and Order Backlog - The company booked another $2 billion in AI orders [3] - Over 60% of AI orders are in sovereign enterprise [3] - The company has a backlog of over $47 billion [4] Data Center Buildout and Delays - A specific data center project experienced a delay, impacting revenue booking [1] - Data center buildouts are experiencing lumpiness and delays due to a combination of factors, including real estate, power and cooling, and component availability [5][6] - Buildouts involve tens or hundreds of megawatts, and are now moving towards gigawatts, requiring significant time to complete [6][7] Supply Chain and Component Costs - The cost of commodities will be driven by shortages expected in the latter part of 2026, particularly in Indira and NAND [12] - The company has already enacted price increases in November and factored expected cost increases into guidance [12] Technology and Customer Adoption - Customers are interested in getting the choice and flexibility to build data centers the right way [10] - Enterprises are accelerating AI adoption, with use cases in manufacturing, transportation, and healthcare [14][15] - The company announced the first Gallop Helios switch to allow customers to adopt new technology [10] Revenue Guidance - The company affirmed its 17% to 22% revenue growth guidance [5] - The company raised its non-GAAP EPS guidance [5][13]

Electricity costs three times as much in New England as it does in North Dakota. Uh that is not that is not because of data centers. That's because of policies.A lot of the higher prices that you're seeing are not related to the AI data centers. A lot of the A data centers are going to be off the grid behind the meter and then producing adding more energy and then and then putting some of that energy onto the grid. So we could be actually increasing the supply.In some of those areas where we've got increase ...

Financial Performance - Q2 Fiscal Year 2026 - Net sales for Fiscal 2Q'26 were $247 million[6], a 16% decrease compared to the $292.6 million in 2Q'25[18] - Adjusted EBITDA for Fiscal 2Q'26 was $18 million[6], while in 2Q'25 it was $26.7 million[19] - Free cash flow improved by $47 million in 2Q'26 compared to the prior year[6] - Net debt reduced by $29.6 million, a 12% year-over-year decrease[25] Financial Performance - 1H Fiscal Year 2026 - Net sales for Fiscal 1H'26 were $487 million[6] - Adjusted EBITDA for Fiscal 1H'26 was $33 million[6] - Free cash flow for Fiscal 1H'26 was +$6 million[6] Guidance and Outlook - Fiscal year 2026 sales guidance reaffirmed at $900 million to $1 billion[7] - Fiscal year 2026 adjusted EBITDA guidance reaffirmed at $70 million to $80 million[7] - Capital expenditures are expected to be between $24 million and $29 million for fiscal year 2026[27] Strategic Focus - Aligning product portfolio with megatrends, including data centers and vehicle electrification[9] - Power Solutions offerings net sales increased from $116 million in FY22 to $252 million in FY25[13]

French renewable energy provider Voltalia is pursuing data center projects in Brazil with investors including TikTok owner ByteDance and private equity powerhouse Brookfield https://t.co/WCjI9Nr1kb ...

Stock Recommendations & Analysis - Morgan Stanley benefits from wealth management, asset management, trading, investment banking, IPOs, and M&A, driving its stock price higher [2] - Sienna (CEN) has become an AI darling, with a well-defined downside around $172-$173, suggesting a stop-loss point [3] - Baker Hughes is technically one of the best stocks in the market, fundamentally improving going into Q1, and is underowned [6] Market Trends & Observations - The market is currently underweight in energy stocks [8] - Concerns about oversupply, particularly in natural gas, are impacting energy investments [9] - Natural gas is expected to fuel AI-related power needs, presenting an opportunity for investors to add to their positions [10] - SoftBank has declined approximately 40% since October 29th, reflecting concerns about a potential stumble in the AI narrative [19] Investment Strategies & Risk Management - Risk management is crucial, especially considering past experiences with high-growth stocks like Sienna [17] - CNBC Pro includes stop losses for both traders and investors [16] - Hedging activity is observed against SoftBank's $18 billion corporate debt offering [19] Company Comparisons & Contrasts - Sienna and Cisco share fundamental drivers related to data centers and AI infrastructure buildout [12] - Sienna is considered the high-beta little brother of Cisco, with significantly higher revenue growth (294% last quarter) [13]

uh seats that are up for grabs and why recent Democrats have won it is because they have made one of their priority issues which is this no data centers in your county and the reason they don't want these data centers for AI is because it skyrockets the uh price of electricity which we thought that was a problem with Bitcoin and now it's coming out for AI so they're actually stopping this in specific counties because the people that are nominated have come in and said that they're going to they actually jus ...