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By Marc ELLIOTT, Investment Specialist, Energy Transition, Union Bancaire Privée (UBP)
Electricity demand is growing after years of stagnation, driven by electrification, reindustrialization, and artificial intelligence, which are outpacing infrastructure expansion. Today, power generation is a critical economic constraint, transforming utilities into growth assets with better earnings potential. Increased use in transport, heating, and industry, along with reshoring and AI-driven data center demands, is straining the power grid.
Electricity demand in developed markets is entering a structural expansion phase after nearly two decades of stagnation. Electrification, re-industrialisation and artificial intelligence are coming together to...
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