人工智能电力需求：公用事业公司从数据中心扩张中获利

Investors Should Know: AI data center expansion is creating a surge in power demand. Utilities and independent power producers are building long-term revenue visibility through large-scale electricity supply agreements with technology customers.

The rapid buildout of AI infrastructure requires enormous amounts of electricity. Data centers running large language models and GPU clusters consume power at a scale that strains existing grid capacity, pushing technology companies to secure dedicated power supply deals directly with utilities and power producers.

This dynamic has turned power supply into one of the most discussed bottlenecks in the AI buildout. Utilities that can sign long-term load agreements with data center operators gain multi-year revenue visibility. Independent power producers with flexible generation assets, including natural gas, nuclear, and renewables, are also positioning to serve this demand.

Key publicly traded companies in this space include Bloom Energy Corporation (BE), Talen Energy Corporation (TLN), Oklo Inc. (OKLO), and The AES Corporation (AES) - each classified as AI power and energy suppliers. American Electric Power Company, Inc. (AEP) is a major regulated utility with direct exposure to large-load data center agreements. TransAlta Corporation (TAC) and Power Solutions International, Inc. (PSIX) also operate in the AI power supply ecosystem. Fermi Inc. (FRMI) and Capstone Energy+, Inc. (CGEH) round out the publicly traded names in this theme.

On the ETF side, the Defiance AI & Power Infrastructure ETF (AIPO) and the Global X Data Center & Digital Infrastructure ETF (DTCR) offer thematic exposure. The Virtus Reaves Utilities ETF (UTES) appears in both the AI power theme and the broader utility ETF universe.

Recent developments show utilities actively converting AI-driven power demand into concrete, long-term supply commitments. The examples below illustrate how contracted load agreements are translating into measurable capacity additions and revenue ramps for power companies.

The screener below identifies stocks classified as AI power and energy suppliers, ranked by relevance to the AI bottlenecks: power and energy theme, with the most theme-aligned companies appearing first.

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The next screener provides broader sector context. It filters companies across electric, gas, and water utility industries and ranks them from highest to lowest by Quant Rating.

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The AI power supplier stock screener includes ten companies spanning fuel cells, nuclear, natural gas, and regulated electric utilities - reflecting the range of generation technologies being positioned to serve data center load growth.

Many of the stocks already highlighted earlier appear in the screener. Meanwhile, AEP appears in both the thematic and sector screeners, bridging the regulated utility world and the AI power supply theme.

The utility sector screener covers electric, gas, and water utilities across multiple geographies. The screener surfaces some large U.S. players, along with a number of major international names: Iberdrola, S.A. (IBDRY)(IBDSF), COPEL (ELPC), Enel Chile S.A. (ENIC), AXIA Energia SA (AXIA), American Electric Power (AEP), New Jersey Resources Corp. (NJR), The Southern Co. (SO), and Enel SpA (ESOCF).

The screener below identifies traditional ETFs classified under the AI power and energy supplier theme, ranked by relevance to the theme.

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For broader utility ETF context, the screener below filters traditional ETFs in the utilities asset class and ranks them from highest to lowest by Quant Rating.

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The AI power ETF screener returns three funds: the Virtus Reaves Utilities ETF (UTES), the Defiance AI & Power Infrastructure ETF (AIPO), and the Global X Data Center & Digital Infrastructure ETF (DTCR). Each is classified as an AI power and energy supplier, offering thematic exposure through a single fund structure.

The broader utility ETF screener covers ten funds across the utilities asset class. The results include electrification-focused funds alongside broad utility index products. Among the names represented: Tema Electrification ETF (VOLT), Virtus Reaves Utilities ETF (UTES), First Trust Utilities AlphaDEX Fund ETF (FXU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), ALPS Electrification Infrastructure ETF (ELFY), State Street Utilities Select Sector SPDR ETF (XLU), Global X US Electrification ETF (ZAP), Vanguard Utilities Index Fund ETF (VPU), iShares US Utilities ETF (IDU), and Fidelity MSCI Utilities Index ETF (FUTY).