KYN - Midstream/MLPs: AI Adds To Positive Natural Gas Outlook

2024-05-28 08:00:00 ET

Summary

• The recent growth in artificial intelligence (AI) is creating increased demand for data centers, which operate facilities with servers and other equipment that are part of the internet’s infrastructure.
• AI model training and running are energy-intensive processes and add significantly to the electricity needs of data centers, despite usage of renewable energy and progress to make processes more efficient.
• As power demand growth from data centers outpaces renewable energy growth, midstream companies and utility providers are forecasting that more natural gas will be needed for power generation.

Originally posted on April 30, 2024 ...

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