Utility Dive reports that utility sector stocks were hit hard last week, with the Utilities Select Sector SPDR Fund (XLU) dropping approximately 17% amid broader market declines related to the spread of COVID-19 and its economic impacts.
Here’s something to ponder: What will America’s energy landscape look like in 2050? Some are calling for a “deep electrification” of the U.S. economy, including the widespread deployment of electric vehicles and heat pumps.
But the combination of EVs with a growing number of data centers and other digital infrastructure could mean a large spike in future energy demands. The question then is what set of solutions will best meet this need, particularly as more solar and wind power comes online?