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      Utilities Increase Investment in AI Infrastructure Amid Rising Power Demands

      Utilities are set to invest $1.4 trillion in capital expenditures through 2030, marking a 21% increase driven by the growing energy demands of artificial intelligence technologies. This surge in investment reflects the increasing reliance on AI and its associated infrastructure.

      Global electricity demand from data centers is expected to double by 2030, reaching 945 terawatt-hours. This growth is accompanied by the development of over 800 new data centers, highlighting the expanding need for robust power solutions to support AI operations.

      Companies involved in AI power infrastructure are experiencing significant growth, with GE Vernova reporting a 38% increase and Vertiv seeing an 80% rise in their valuations. These firms are benefiting from strong backlogs, indicating a healthy demand for their services in the evolving energy landscape.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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