3 stocks that are benefiting from America's struggle to rebuild the power grid

Restoring and modernizing the U.S. electric grid is one of the key issues today. This trend is growing with the increasing demand for energy, which is fueled not only by the development of renewable energy sources, but also by a sharp increase in the need for data centers. Along with this growth comes investment opportunities in companies involved in building and maintaining the electric grid. Let's take a look at three stocks that stand to benefit from this transformation.

Rising energy demand and the need to upgrade infrastructure

The U.S. electric grid, which was mostly built in the 1960s and 1970s, is now at a stage where most of its transmission lines are reaching the end of their useful life. Although the grid was built with a 50- to 80-year view, current technological changes, increasing energy demand, and climate change are putting pressure on the infrastructure. It is estimated that by 2030, energy demand could increase by 160% due to data centres alone. Add to this the growing…