Energy Transition

Data Centers | Trading the Growth Story

byCarson Kearl, Enverus Intelligence® Research (EIR) Contributor
ipp-stock-performance-since-may20

The hype around data center growth and associated power demand is high and wide-ranging. Enverus Intelligence® Research (EIR) has developed a proprietary data center load forecast that has been helping power project developers identify business expansion opportunities, as well as potential equity trades, based on our forecast load growth. Our recent report, AI-Driven IPP Expectations: VST Not the Data Center Darling, identified lower exposure to data center-led growth for VST relative to NRG and CEG, and our expectation for relative underperformance. 

Our proprietary data center load forecast, which is highly conservative relative to sell- and gas supply-side viewpoints, enabled the unique analysis. We analyzed each IPP’s portfolio to calculate a load growth-weighted available capacity metric, identifying power plants likely to be called upon more often in the regions with the most growth. To learn more about our data center view, click here or sign up for the weekly newsletter.

Note: The research report discussed is an example of the type of analysis and advice offered by EIR. Results from one report does not represent the entirety of investment outcomes associated with EIR’s research, and results can vary significantly.

Highlights from Energy Transition Research:

may20-did-you-know
Picture of Carson Kearl, Enverus Intelligence® Research (EIR) Contributor

Carson Kearl, Enverus Intelligence® Research (EIR) Contributor

As an Analyst on the Enverus Intelligence® Research (EIR) team, Carson is the lead on data centers and advanced energy technologies. He was previously an analyst on the macro team and has additional experience advising large industrial consumers on their energy consumption. His education in economics at the University of Alberta focused on industrial organization and power markets.

Subscribe to the Enverus Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Related Content

Enverus_Press_Release_Power_Energy_Transition_MandA_Thumbnail
Energy Transition
ByAdam Robinson, Enverus Intelligence® | Research (EIR) Contributor

A combined $92 billion in energy and artificial intelligence (AI)-related investments were announced across Pennsylvania last week, with projects ranging from new data centers to natural gas plants and grid modernization efforts.

Enverus Press Release - Welcome to EVOLVE 2025: Where visionaries converge to shape the future of energy
Power and Renewables
ByColton Wright

As demand for AI, cloud computing and digital infrastructure continues to surge, hyperscale data centers have quickly become some of the largest and fastest-growing energy consumers in North America. For developers, grid operators and investors, knowing where the biggest loads are concentrated...

Breaking news alert on the impact on oil prices due to Israel attacking Iran
Power and Renewables
ByColton Wright

The One Big Beautiful Bill Act (OBBBA) has changed the game for renewable energy developers. With fewer subsidies to fall back on, developers are being pushed to rethink where and how they build projects. It’s no longer about chasing tax...

Enverus Press Release - Enverus releases Investor Analytics: Refined, actionable financial insights at your fingertips
Power and Renewables
ByDaniel Manfre Jaimes

In the dynamic landscape of energy markets, accurate load forecasting is essential for informed decision-making. Enverus power forecasting solutions have consistently demonstrated exceptional performance, particularly during extreme weather events and critical peak demand periods. Complementing this reliability, our ongoing commitment...

How the One Big Beautiful Bill Act could change clean energy tax credit economics
Energy Transition
ByAlex Nevokshonoff, Senior Analyst, Enverus Intelligence® | Research (EIR) Contributor

The One Big Beautiful Bill Act (OBBBA), enacted on July 4, introduces sweeping changes to U.S. energy policy, significantly altering the tax credit landscape for clean energy projects.

Enverus Press Release - Upstream M&A climbs to $105 billion in 2024
Trading and Risk
ByKiana Cruz

In today’s fast-paced markets; traders don’t just need data, they need decisions. At EVOLVE 2025, the Trading & Risk session, “AI-Powered Trading Intelligence: Streamlining Decision Workflows,” spotlighted how artificial intelligence is evolving from a buzzword to a business-critical tool for...

data-center-demand
Energy Transition
ByAdam Robinson, Enverus Intelligence® | Research (EIR) Contributor

The Texas Tech University (TTU) System and Fermi America announced an 11 GW data center powered by a mix of natural gas, utility grid power, solar, wind and nuclear energy. The newly founded power company is building one of the...

Enverus Press Release - Enverus PRISM® now available for Europe
Trading and Risk
ByKiana Cruz

EVOLVE 2025 brought together leading voices across energy trading, analytics and clean fuels to unpack today’s most pressing market dynamics. From evolving benchmarks to retail analytics, one thing rang loud and clear: adaptation isn’t optional, it’s strategic. We attended four...

Black-lady-with-powerline
Energy Transition
ByCorianna Mah, Analyst, Enverus Intelligence® Research

A massive heat dome swept across the eastern U.S. last week, driving temperatures into the triple digits and pushing the PJM Interconnection grid to its highest peak load since 2006.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Sign up for our Blog

Register Today

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert