Big Tech wants AI data centers now. The reality: Clean energy infrastructure can take a half-decade or more to build [Fortune]
Avangrid, Inc. (AGR)
Last avangrid, inc. earnings: 4/28 04:15 pm
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Source: Fortune
Big Tech companies are racing to build more data centers to handle the expected adoption of AI tools and the training required to create them. And they want those data centers operational within two years, said Enrique Bosch, director of corporate innovation at Avangrid, a clean energy company owned by Iberdrola But at the same time, the energy sector responsible for supplying Big Tech with enough energy for the power hungry facilities is slow-moving and heavily-regulated. Don't count on new energy plants and the necessary infrastructure being ready in time. “It takes many, many years to deploy sufficient [energy transmission] lines, for example,” Bosch explained at Fortune's Brainstorm AI conference in San Francisco this week. “We will talk about different ways to create new [energy] generation through renewables, nuclear or even natural gas, but it's a challenge because our clients are asking for permissions in the next year or two.” For example, a project to create a 145-mil
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AGR
News
- https://seekingalpha.com/news/4389437-avangrid-edges-higher-as-iberdrola-plans-to-close-deal-on-monday [Seeking Alpha]Seeking Alpha
- Are Utilities Stocks Lagging Avangrid (AGR) This Year? [Yahoo! Finance]Yahoo! Finance
- 'Look out for other large players:' How a potential international energy acquisition could affect New Mexico [Yahoo! Finance]Yahoo! Finance
- Avangrid, Inc. (NYSE: AGR) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- 5 Low-Beta Stocks to Buy as November Inflation Soars [Yahoo! Finance]Yahoo! Finance
AGR
Earnings
- 10/22/24 - Beat
AGR
Sec Filings
- 10/29/24 - Form 8-K
- 10/24/24 - Form 8-K
- 10/23/24 - Form 10-Q
- AGR's page on the SEC website