How Data Center Growth is Driving Demand for Natural Gas-Fueled Power
Sunday, 5 May 2024, 10:54
Data Center Boom Boosts Natural Gas
Rising demand for natural gas-fueled power from data centers is driving significant growth in the energy sector. This trend is seen as favorable for pipeline stocks like Kinder Morgan and Williams Companies, identified by Goldman Sachs.
Key Points:
- Industry Impact: Data center growth is boosting the demand for natural gas
- Stock Picks: Goldman Sachs recommends Kinder Morgan and Williams Companies as top picks in this sector
- Profit Opportunities: Investors may benefit from the rising demand for natural gas in powering data centers
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.