Artificial intelligence (AI) is capturing investor attention, particularly in the realm of chipmakers like Nvidia and AI service firms such as SoundHound. However, the underlying infrastructure—reliable power sources—will be crucial for sustaining this growth. Long-term investors may want to focus on energy providers like Brookfield Renewable, NextEra Energy, and Bloom Energy, which are well-positioned to support the burgeoning demand for clean energy as AI expands.

Brookfield Renewable is collaborating with tech giants Microsoft and Google to provide 13.5 gigawatts of clean energy, while NextEra Energy combines a robust regulated utility with a rapidly growing renewable segment, projecting an 8% annual earnings growth through 2035. Bloom Energy, on the other hand, has seen its stock soar over 500% in the past year, driven by a significant backlog of orders for its fuel cell systems, indicating strong demand.

As AI development accelerates, the need for clean electricity will become increasingly critical. Investors looking to capitalize on this trend should consider these energy companies, which not only offer growth potential but also attractive dividend yields.

Source: fool.com