Energy Transition

Data Centers | Trading the Growth Story

byCarson Kearl
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:

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Picture of Carson Kearl

Carson Kearl

As an Analyst on the Energy Transition Research team at Enverus, 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.

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