Who Might Benefit?There was a report on the news that Ottawa Hydro needs to build a substation every year now instead of every five years. This is due to population increase but also due to EVs and heat pump installations. This is of course not unique to one city or Canada. Who would benefit from this increase demand in infrastructure build up?
There are a number of potential companies that could benefit here. First, would be utility/energy providers due to the increased energy demand from the substations. Companies like FTS, H, AQN, BEP.UN, and NPI could benefit. Construction and engineering firms may also benefit by being able to pickup contracts related to the actual infrastructure build. Companies include: STN, ATRL, and ARE. Lastly would be component manufacturers whose inputs are essential to the substations. HPS.A would be the top Canadian company to benefit here. (5iResearch)