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Brookfield Infrastructure Partners LP T.BIP.UN


Primary Symbol: BIP Alternate Symbol(s):  T.BIP.PR.A | T.BIP.PR.B | T.BIP.PR.E | T.BIP.PR.F | BRIPF | BIP.PR.B

Brookfield Infrastructure Partners L.P. is a global infrastructure company. The Company owns and operates in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. The Company’s segments include Utilities, Transport, Midstream, Data and Corporate. The Utilities segment consists of regulated transmission (natural gas and electricity) and commercial and residential distribution (electricity, natural gas, and water connections) operations. The Transport segment comprises infrastructure assets that provide transportation, storage and handling services for merchandise goods, commodities, and passengers. The Midstream segment comprises systems that provide natural gas transmission, gathering and processing, and storage services. The Data segment comprises critical infrastructure servicing customers in the telecommunications, fiber, and data storage sectors. It is also a data center provider.


NYSE:BIP - Post by User

Comment by maplakon Oct 16, 2024 7:48pm
80 Views
Post# 36269165

RE:Ontario's Energy Demand soaring

RE:Ontario's Energy Demand soaring
Zipolitemexico wrote:
Demand for electricity in Ontario is set to soar by 75 per cent in the next couple of decades, far higher than was projected just last year, in part due to a sudden surge in data centres supporting artificial intelligence, the the Independent Electricity System Operator said Wednesday.
The demand has been relatively flat for the past 20 years, but now it is building and shows no signs of levelling off, officials with said in a briefing. Just last year, they expected demand to grow 60 per cent higher by 2050.
Much of that additional pressure will come from industry, such as the three electric-vehicle battery plants that are in the works and associated supply-chain manufacturing. Industrial demand is anticipated to rise by 58 per cent by 2035, adding the equivalent of a city the size of Toronto to the grid, the IESO said.
The new demand is also coming from data centres that need much larger amounts of energy to power artificial intelligence, the IESO said.
"Previously, the data centres, they existed ... but the energy use that data centres now require, because of these AI functionalities, is infinitely higher than it was previously," said Chuck Farmer, the IESO's vice-president of planning, conservation and resource adequacy.
"I'll be frank, we have been — as many system operators have been — caught a little off guard by how quickly this has happened."
At least 16 large data centres are forecast to be in service by 2035, accounting for 13 per cent of the new electricity demand.
 

That's why BIP is my top holding. Soon all these green electric cars will have to be charged with fossil natural gas. lol Anyway very happy with today's BIP performance. My target? Double from here in 2-3 years. 
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