Rabobank research projects U.S. power consumption could climb 20% by 2030, after two decades of sluggish growth of around 0.5% a year. Drivers include AI hyperscalers, electrification such as electric vehicles, and reindustrialization of manufacturing. The article covers three groups that could benefit: regulated utilities such as Dominion Energy, Southern Company and American Electric Power; independent power producers such as Constellation, Vistra and Talen, which have long-term agreements with hyperscalers; and equipment makers such as GE Vernova, with a backlog of over $176 billion, and Bloom Energy. It also notes that Constellation and Vistra are down 30% and 22% over the past year.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
electricitydata centersenergyelectric vehicles
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Google and Voltus expand virtual power plant to 1GW in PJM
Google and Voltus have expanded their agreement to build a 1GW virtual power plant (VPP) in the PJM grid region, which covers 13 U.S. states and Washington, D.C. The capacity is nearly tenfold the 100MW deal signed in June 2026. Voltus will aggregate capacity from local businesses and households, combining batteries, smart thermostats and industrial flexibility, with the VPP funded by Google. The aim is to strengthen grid reliability during high demand, and participants are expected to receive benefits such as potential bill savings and direct payments. The companies say this is one of the largest distributed energy portfolios managed by a hyperscale company in the region to date, and PJM serves around 67 million people.
- Fusion startup Helion is developing new semiconductors that could double output of its power plants
Fusion startup Helion has received a $175 million federal award under the CHIPS Act from the Department of Commerce to research and manufacture advanced semiconductors and power electronics for its fusion plants. Such devices currently lose about 5% to 10% of the electricity passing through them, and CEO David Kirtley said halving that loss would double the fusion system's power output. The funding will support a new production line in Washington State and R&D with GlobalFoundries in Vermont, while Helion races to finish its Orion plant for a 2028 power deal with Microsoft. Kirtley acknowledged the R&D will not reach Orion in time but should improve later plants, and the company also announced a $50 million private investment, bringing total funding to more than $3.2 billion.
- Russia refuses to buy Chinese electricity despite delays in building Far East hydropower plants
Russian Deputy Energy Minister Pyotr Konyushenko told TASS that Russia has no plans to buy electricity from China. He said reverse power flow from China is not on the agenda and that the ministry considers such supply unfeasible, though it is technically possible since cross-border lines currently mainly carry power from Russia’s Far East to northeast China. Even if delays to Far East hydropower plants leave the region short of energy, he insisted Russia will solve the problem itself.
- This hot AI-fueled stock has been in a rut. It just beat earnings expectations by 36%.
Bloom Energy, the fuel-cell maker that has benefited from data-center demand, beat earnings expectations by 36% and revenue expectations by 15%. Results like these would usually lift a stock after its report, but that did not happen for Bloom Energy.
- Electrification Changes What Energy Security Means
Energy security used to mean securing a constant flow of fuels that were burned and gone, but electrification shifts trade toward durable equipment such as solar panels, batteries and EVs that keep producing energy for years. The author argues this changes the nature of economic dependence, although supply chains remain international. Ukraine's grid synchronization with the Continental European power system after the 2022 invasion shows how interconnection can add resilience. Pakistan's distributed solar capacity was estimated at roughly 50 GW by the end of 2025. The State Bank of Pakistan estimates that reduced energy imports saved about $7.1 billion in foreign exchange over six years and could cut the 2026 energy-import bill by a further $5.2 to $7.8 billion. The IEA estimates the global EV fleet displaced about 1.7 million barrels of oil per day in 2025, with China accounting for roughly one million of them.
- Caterpillar Is Quietly Becoming an AI Stock. Here's the Segment Growing 72% That Proves It.
Caterpillar's second-quarter revenue rose 24% from a year earlier and earnings per share jumped 73%, with the power and energy segment growing fastest. Retail sales of power generation equipment climbed 72%, which CEO Joseph Creed attributed to very strong demand for large generator sets and turbines used in data centers. Data centers consumed about 4.9% of U.S. electricity supply in 2025, and their consumption is projected to more than double by 2030. The company's backlog reached a record $72 billion, up 92% over the past year. Wall Street expects third-quarter revenue growth of 17% and earnings of $7.03 per share, up 42%, and the author says he wouldn't be surprised if the company beats those estimates.
Related markets
Latest news
- Hong Kong's Biggest Bank Puts a Stablecoin in 3 Million Wallets
HSBC has launched RedCoin, a Hong Kong dollar stablecoin licensed by the HKMA, on its PayMe app, letting more than 3.3 million users activate wallets in the coming days to send money to friends or pay at more than 100,000 merchants. HSBC's reserve tracker showed about $10.2 million of RedCoin in circulation shortly after launch, backed by $10.4 million held entirely in cash. The token runs on HSBC's private ledger rather than a public blockchain, and it is not a bank deposit, so Hong Kong's Deposit Protection Scheme does not cover it. HSBC plans to add the token to its HK Mobile Banking app later this year, while 21 lenders including Goldman Sachs and Bank of America have announced a joint dollar stablecoin targeting a first-half 2027 launch. The first independent reserve attestation is expected after the fourth quarter of 2026.
- China Opens 'Century Canal' as Multiple Shipping Routes Shift: What Opportunities for Vietnam?
Lucio Blanco Pitlo III, a board member of a Chinese studies association in the Philippines, writes that the 134.2 km Binglu Canal links the Beibu Gulf with inland waterways in Guangxi, shortening sea access for southwest China and giving ASEAN countries a new route to Western markets via the China-Europe rail network. The 72.7 billion yuan (about $10.8 billion) project, completed in four years, opened on September 16 to vessels of up to 5,000 tons. Guangxi officials forecast logistics costs will fall 18-30%, saving over 5 billion yuan ($745 million) a year. Container throughput at Beibu Gulf Port rose from 2.28 million TEU in 2017 to 10.06 million TEU last year. The author says Vietnam could benefit considerably from its proximity, citing a container ship that carried 40 containers of Vietnamese rice bran on a round trip from Nanning to Can Tho.
- Is MP Materials Stock a Millionaire Maker?
The article asks whether MP Materials stock can make investors millionaires, noting the company's valuation of nearly $7 billion and a 22.7% share price decline since January. The author calls the stock speculative, with potential for large moves on news about expanding the Mountain Pass rare-earth site in California. Last quarter, NdPr production reached 840 metric tons, up 41% year over year, while NdPr sales rose 127% to 1,006 metric tons; the company also plans major magnet shipments to General Motors and Apple in Q4 2026 and Q1 2027. MP Materials reports earnings on Nov. 5, but the author notes much of its future potential is already reflected in its valuation and forecasts only reach $1 billion in sales two years out. The author suggests considering a small speculative position, as execution risks remain.
- Chevron Is Taking a $3 Billion to $4 Billion Loss on Hess Midstream. Should You Buy the Stock Anyway?
Chevron’s agreement with Hess Midstream will require a write-off of up to $4 billion, covering its ownership interest in Hess Midstream, including the general partner interest, and some of its own midstream assets. The article argues the charge is small relative to Chevron’s market cap of around $440 billion and its debt-to-equity ratio of roughly 0.2x, which is second-lowest among peers after ExxonMobil at about 0.16x. Management believes the deal could cut Chevron’s midstream costs in the Bakken region by as much as 50%. Chevron has 38 consecutive annual dividend increases and a 3.1% yield, above the energy industry average of 2.4%. The author views Chevron as suited to long-term dividend investors and treats the charge as an upfront cost for lower costs in future years.
- Gold Just Fell Below $4,000 After Its Worst Week in Five Months
Spot gold fell to $3,998.49 an ounce at 2:27 p.m. New York time on Friday, October 23, 2026, a three-month low and its first move below $4,000 since mid-July. It was the second time in 2026 that gold broke that level. The article attributes the drop to margin calls, soaring oil prices and rising odds of a Fed rate hike, which weakened gold’s role as a safe haven as stocks slid. December futures fell about 4.1% from their October 16 settlement of $4,181.10, the steepest weekly decline since June, and gold now sits roughly 29% below its late-January record near $5,600. Brent crude traded above $117 intraday, while the 10-year Treasury yield stood at 4.96%.
- Is Bitcoin a Buy Right Now?
Bitcoin is down 7% for the year and 35% below its all-time high of $126,000 reached last October. J.P. Morgan Asset Management projects a base-case annual return of 10% for Bitcoin over the next decade, versus 5.5% for gold, 6% for bonds and 7.5% for stocks. Its bull case is 17% a year, while the bear case is -9.7% a year. J.P. Morgan also calls Bitcoin a volatile, risky asset with unstable correlations to major asset classes and few real fundamentals, making it essentially “a bet on fiat currency expansion.” The author argues Bitcoin remains attractive at around $82,000.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.