3 stocks that will benefit from the growing demand for energy and artificial intelligence

The two major megatrends that will shape the rest of this decade are artificial intelligence (AI) and electrification. These trends are intrinsically linked to the growing demand for electricity, presenting the energy sector with new challenges. In the US, for example, electricity demand is growing at a rate not seen in more than 20 years. According to Goldman Sachs, demand is expected to grow by 2,4 % a year until the end of the decade, compared with virtually zero growth in the previous decade.

This development entails the need for massive investment in new energy infrastructure, with an estimated USD 50 billion in electricity generation alone. Companies that focus on electricity-related infrastructure and technology could benefit significantly from this situation. Let's take a closer look at three interesting companies that are well prepared for this future.