Energy Stocks Riding the Data Center Power Crunch

The article links the AI boom to a basic constraint: data centers need enormous, 24/7 electricity, and power supply is lagging demand. That dynamic is presented as a tailwind for energy-related stocks. Constellation Energy (CEG) is highlighted for its clean, carbon-free nuclear fleet, which the piece argues is better suited for continuous power than sources like wind or solar. It points to a 20-year power purchase agreement with Microsoft (MSFT), tied to restarting the Three Mile Island site (Crane Clean Energy Center) in Pennsylvania. The article also covers GE Vernova (GEV), saying its power-generation and distribution hardware has benefited directly from data center build-outs, with $5 billion from data center power equipment in the first half of the year and a backlog of $176 billion.