AI Power Demand Might Actually Turn Out to Be Good for Climate [Financial Post (Toronto, Ontario, Canada)]
GE Vernova Inc. (GEV)
Company Research
Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Big energy companies are making the case that skyrocketing electricity demand from data centers – and the need to build more power sources to meet it — will end up being good for the climate. Several company executives have plugged the counterintuitive claim over the past month: Cam Hosie, senior vice president of new energy at SLB, the world's biggest oilfield service provider, called the rapid increase in electricity demand the “greatest blessing” the energy transition could hope for. The sentiment was echoed by Scott Strazik, chief executive officer of GE Vernova Inc. the world's biggest manufacturer and supplier of technology for natural gas-fired power plants. Strazik said the phenomenon would be “net-decarbonizing.” But when companies that profit off fossil fuels tout the virtues of the transition to clean energy, skepticism typically foll
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GEV
Earnings
- 10/24/24 - Miss
GEV
Sec Filings
- 9/5/24 - Form 4
- 8/26/24 - Form 4
- 8/26/24 - Form 4
- GEV's page on the SEC website