The power demands of the huge data centers supporting the A.I. revolution are growing, impacting companies' climate pledges while benefiting utilities and energy firms.
Investors are noticing the impact of A.I. on power markets, with the S&P 500's utilities sector up 8% this year, fueled by the A.I. boom.
Generative A.I.'s energy consumption is becoming a focus for investors, with predictions that the A.I. surge may increase U.S. electricity demand by up to 20% by 2030.
Companies like Dominion Energy are seeing growth in supplying data centers, with Microsoft making a $10 billion green-energy deal to power its data centers.
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