**Energy Stocks Surge Amid Data Center Expansion**
Energy companies are experiencing a boost from the projected growth in data centers, with Entergy (NYSE: ETR) seeing a 25% increase in share value in 2026. Meta Platforms (NASDAQ: META) has announced plans to support its $27 billion data center in Louisiana by funding the construction of seven natural gas power plants and collaborating with Entergy on future nuclear power development.
Goldman Sachs forecasts a 50% increase in energy demand from data centers by 2027, potentially rising by as much as 165% by 2030 compared to 2023. Currently, natural gas contributes 26% of data center electricity demand, with coal and natural gas projected to fulfill 40% of the additional electricity demand from data centers until 2030, indicating significant revenue potential for energy companies.
Key players in the energy sector include Energy Transfer LP (NYSE: ET), which supplies natural gas to three Oracle data centers, and Enbridge (NYSE: ENB), poised to benefit from new data center projects near its infrastructure. Additionally, GE Vernova (NYSE: GEV) supports natural gas infrastructure, with a recent order for 29 gas turbine units to meet data center demands.
