Data centres only part of the demand picture Equities & Commodities Energy Transition Chartbook: November 2025 This chartbook provides a monthly commentary across the main energy sectors to include oil, gas, power and renewables. Data centres to make up 50% of US demand growth, but contribute a much smaller portion in the global context 0% 20% 40% 60% 80% 100% US Advanced Economies China Emerging Economies (ex- China) Data Centres share of electricity demand growth by region in the IEA's STEPS, 2024-2035 Da ...

Core Viewpoint - The steep selloff of AES Corporation's stock has created an attractive entry point for long-term, dividend-focused investors, particularly due to its growing renewable energy segment [1]. Company Analysis - AES Corporation is positioned as a utility company with a focus on renewable energy growth, appealing to investors looking for dividend income [1]. - The insights provided by Joseph Jones highlight the importance of portfolio construction from a dividend growth perspective, emphasizing the potential of AES for long-minded investors [1]. Analyst Position - The analyst has a beneficial long position in AES shares, indicating confidence in the company's future performance [2].