RE:RE:RE:Ontario's Energy Demand soaring
Zipolitemexico wrote: Agreed and it's sister company BEP. It popped 9.5% today on no news...likely investors recognizing that both companies are well positioned to meet this energy demand. Both are focused on data centers for growth.
Both are a double in 2 to 3 years.
maplak wrote: 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.
Following this company for while. Amazed with their diversification and doing business in EU, USA, Canada currency hedged I decided to make it my biggest holding. I have to admit since I bought it ( in 3 accounts) I was going through a lot of frustration. Not sure why , but for some reason after some nice run ups it was always pulled down. I think finally investors are realizing potential plus they are making some changes regarding taxes. Maybe it helped as well.
Brookfield Infrastructure Partners Unveils Restructuring Plans for Brookfield Infrastructure Corp.
MIDNIGHTTRADER - Updated 1 week ago
04:30 AM EDT, 10/10/2024 (MT Newswires) -- Brookfield Infrastructure Partners L.P. (BIP) and Brookfield Infrastructure Corp. (BIPC) said they intend to complete a reorganization of the latter given the proposed amendments to Canada's Income Tax Act.
The move would maintain the benefits of Brookfield Infrastructure's business structure while addressing the proposed tax amendments, which they expect to result in additional costs to BIPC in the event of no action.
BIPC was set up in 2020 to offer access to Brookfield Infrastructure's portfolio of assets through a corporate structure.
The reorganization will follow a court-approved program and require shareholder approval, which is expected at a special meeting scheduled for Dec. 3. The restructuring will likely be complete in Q4.
The newly issued class A shares will probably list on the Toronto Stock Exchange and New York Stock Exchange, and trade under the same "BIPC" symbol.