Large hyperscale data centers, which are increasingly common, require the power of 100 megawatts or more, equivalent to the annual electricity consumption of around 350,000 to 450,000 electric cars. This skyrocketing demand is only expected to continue as the adoption of artificial intelligence (AI) continues to grow. A significant portion of data center energy consumption is attributed to cooling systems that maintain optimal operating temperatures.
We decided to screen our 24/7 Wall Street utility stock database, looking for the highest-yielding stocks that could benefit from this massive increase in electricity use. All offer stable and dependable passive income and are rated Buy by top Wall Street firms.
This post originally appeared at 24/7 Wall St.