0:00 Constellation Energy
09:49 American Petroleum Institute
13:29 NextEra
Constellation Energy
Some of the biggest names in energy are gathering in Houston for CERAWeek Global hosted by S&P Global. One of the energy names that has made headlines in recent months is Constellation Energy (CEG), mainly for its deal with Microsoft (MSFT) and their attempt to restart a reactor at Three Mile Island. In the video above, Constellation Energy CEO and president Joseph Dominguez speaks with Market Domination Anchor Julie Hyman about that deal, the energy demands of AI, and regulatory changes.
American Petroleum Institute
The oil (CL=F, BZ=F) and gas (RB=F) industry is facing a backdrop of declining oil prices amid concerns about global growth. At the S&P CERAWeek Energy Conference in Houston, key industry figures gathered to discuss these challenges. American Petroleum Institute CEO Mike Sommers joins Julie Hyman on Asking for a Trend to share insights on the future of energy production, highlighting the growing demand for energy. “One of the key themes that is emerging at this year’s conference is truly that we’re going to need a lot more energy, particularly to feed the AI and data center boom that we know exists and that’s going to continue to grow,” Sommers says. Sommers notes that the increased need for energy means that “we’re going to need a lot more oil and gas in particular.” As the industry continues to grow, Sommers emphasizes the importance of ongoing investment to meet future energy needs. “Based on just what we’re hearing from our membership, we expect about $200 billion in investment in the United States just this year alone,” he notes.
NextEra
NextEra Energy (NEE) stock closed in the green amid a broad market sell-off. NextEra Energy CEO John Ketchum joins Julie Hyman and Josh Lipton on Market Domination to discuss how the industry will keep up with growing demand for energy to power artificial intelligence (AI) systems. “It’s going to take all forms of energy to meet [AI] demand. We’ve never seen demand like this in our industry, in our history, and to think about a six-fold increase over the next 20 years, that’s substantial,” Ketchum says. The CEO explains that NextEra is “in all forms of energy. We are the leading gas-fired generator in the United States. We’re the seventh-largest nuclear developer and operator in the world. We’re the world’s leader in renewables, and we are prepared to deliver all types of generation sources to our customers.” He adds, “There’s a difference in terms of the timing that those different sources can be brought to market and the cost associated with those alternatives as well,” explaining that the market needs “renewables really to bridge” the gap to keep up with AI demand.
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