Data centers consume massive amounts of power, with AI data centers using as much energy as 100,000 households or 20 times more for the largest centers. To address this, developers are partnering with Bloom Energy and NextEra Energy to build power generation facilities on-site. These partnerships make them top energy stocks to capitalize on the AI data center boom.

Bloom Energy’s advanced fuel cells are powering the surge in AI data center demand, with revenue hitting over $2 billion last year. Partnering with Brookfield Corporation and other key players, Bloom is redefining how to build and power AI factories. The company’s backlog has grown to $20 billion, promising more growth ahead.

NextEra Energy is also on board with the shift to bring your own power generation for data centers. Partnering with Google and Exxon, the utility aims to develop 15 GW of data center hubs by 2035. This strategy supports a goal to grow earnings per share by over 8% annually for the next decade, a significant pace for an electric utility.

Data center developers are recognizing the need to bring their own power supplies, leading to partnerships with Bloom Energy and NextEra Energy for power solutions. These trends are expected to drive robust growth for these energy stocks in the future, making them appealing investments to capitalize on the AI data center boom.

Read more at Barchart: These 2 Energy Stocks Are Helping Solve AI’s Biggest Pressure Point