"Due to their continuous 24/7/365 operations, data centers consume electricity constantly. These operations involve running large numbers of servers, cooling systems, networking equipment, and other infrastructure. The amount of electricity used by data centers varies widely based on size, capacity, efficiency, and geographic location, but demand is always present. The numbers are staggering, as data centers collectively account for a notable portion of global electricity usage."
"Worldwide, data centers consumed an estimated 415 terawatt-hours of electricity in 2024, which was about 1.5% of global electricity consumption. Experts think that figure has increased exponentially since then and could continue to grow every year for decades. We decided to screen our 24/7 Wall Street utility stock database, looking for the high-yielding stocks that could benefit from this massive increase in electricity use. All offer stable and dependable passive income and are rated Buy by top Wall Street firms."
Data centers operate 24/7/365 and constantly consume electricity for servers, cooling, networking, and other infrastructure, producing persistent demand. Global data center electricity use reached an estimated 415 terawatt-hours in 2024, about 1.5% of global electricity consumption, with experts projecting continued exponential growth in coming years. A screening of a 24/7 Wall Street utility stock database identified high-yielding utility stocks positioned to benefit from rising electricity demand, offering stable passive income and Buy ratings from major firms. Canadian Utilities Ltd. (CDUAF), an ATCO company with about 5,000 employees and $22 billion in assets, pays a 4.60% dividend and operates across electricity, natural gas, renewables, pipelines, liquids, and retail energy through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments.
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