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Electrification Of Everything: 3 Stocks To Buy For Escalating Power Demands

The U.S. Energy Information Administration (EIA) predicts that the nation’s power use will climb to 4,000 billion kilowatt-hours (kWh) in 2024 and 4,128 billion kWh in 2025, up from 4,000 billion kWH in 2023. Even more importantly, peak demand is expected to jump to 38 gigawatts in the next five years, while the grid is “not prepared for significant load growth,” according to Grid Strategies.

American companies that facilitate the generation and transportation of electricity should outperform in the longer term. Here are three stocks to buy to benefit from this trend.

This post appeared first on InvestorPlace.