Last month, we hosted our regular Premium members webinar on Artificial Intelligence. One of my big takeaways from that webinar was that the world will need a much more sophisticated and advanced grid, with investments rising multiple times relative to historical levels.
And while it is still too early to call the winner in the AI application race, the surest call I can make today is that electric equipment suppliers for transmission and distribution networks will see transformational growth in demand.
In today’s post, I will provide more details about the growing electricity demand and required investments. Next week, I will share a few names that could be the biggest beneficiaries of this long-term trend.
“Much of the U.S. electric grid was built in the 1960s and 1970s. While the system has been improved with automation and some emerging technologies, our ageing infrastructure is struggling to meet our modern electricity needs, such as renewable energy resources and growing building and transportation electrification.”