The case remains strong that load growth from data centers will be met in large part from renewables and batteries, according to Morgan Stanley.
AES Corp . is positioned to lead the renewable energy buildout to support demand from data centers, with the company viewed as a key partner to tech companies scaling up artificial intelligence, according to Morgan Stanley. "AES remains well positioned to serve data center renewables demand, where it still sees robust interest and upward pressure to returns," David Arcaro and a team of analysts told clients in a Friday note.
The case remains strong that load growth from data centers will be met in large part from renewables and batteries, though gas-fired generation will also be needed, Arcaro said. AES has found that tech customers prefer energy sources that do not emit carbon dioxide emissions. "The company has no shortage of customer interest in renewables," he said. AES also has a strong relationship with suppliers, Arcaro said.
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