Latest news with #CharlieSanchez
Business Wire
12-05-2025
- Business
- Business Wire
Black & Veatch to Showcase Global Engineering, Procurement, Construction and Consulting (EPC) Expertise Across Energy Transition, Hydrogen at Upcoming Events in Europe
GLASGOW, Scotland--(BUSINESS WIRE)--As the U.K. government shortlists new green hydrogen projects for funding as part of its Hydrogen Allocation Round (HAR2), Black & Veatch is showcasing the company's deep expertise in the energy transition and specifically green hydrogen at this week's All-Energy Summit and World Hydrogen Summit next week. 'We utilize more than a century of global power delivery experience to provide innovative, bankable energy infrastructure that help our European clients transition to lower carbon solutions,' said Youssef Merjaneh, Black Veatch Black & Veatch has completed more than 200 front-end loading (FEL) studies globally in the past few years and has 245MW of green hydrogen projects completed or under construction. Thousands of clients globally tap the company's power generation and lower carbon expertise to plan, design and build green hydrogen projects. Black & Veatch is the EPC provider for the Advanced Clean Energy Storage I (ACES I), a green hydrogen hub in Utah, and will be highlighting its expertise for U.K.-based FEL and FEED studies through to full plant delivery. 'Clients across Europe entrust Black & Veatch to help them deploy first-of-a-kind projects for the energy transition including green hydrogen, battery energy storage systems and gas-fired power plants coupled with carbon capture facilities,' said Youssef Merjaneh, senior vice president and managing director, Europe Middle East and Africa, Black & Veatch. 'We utilize more than a century of global power delivery experience to provide innovative, bankable energy infrastructure that help our European clients transition to lower carbon solutions.' The company and many of its executives will host client and partner meetings at All-Energy 2025 at stand L59 from May 14-15 in Glasgow, Scotland. Key All-Energy Summit speaking sessions: Session title: 'International Opportunities with Green Hydrogen' featuring Ben Stevenson, hydrogen project engineer, Black & Veatch. May 14, 11:30 to 12:00, Hydrogen and Energy Storage Show Floor Theater; Session title: 'Digital Data, AI and Cyber Security – Making Sense of Energy Digitisation, Fitting the Threads Together', featuring Charlie Sanchez, president, Infrastructure Advisory, Black & Veatch. May 14, 16:00 to 17:30, Hall 1; Session title: 'Unlocking Critical Energy Infrastructure Projects' featuring Youssef Merjaneh, senior vice president and managing director, EMEA, Black & Veatch. May 15, 10:25 to 10:50, Future Grid Show Floor Theater. Black & Veatch will also be hosting client meetings in stand D110, Hall 4, during the World Hydrogen Summit 2025 in Rotterdam, Netherlands, from May 20-22. Key World Hydrogen Summit speaking sessions: Session title: 'A Snapshot of the Global Hydrogen Industry', featuring Youssef Merjaneh, senior vice president and managing director, EMEA, for Black & Veatch, and Charlie Sanchez, president, Infrastructure Advisory, Black & Veatch. May 21, 17:45 to 18:00, Hall 6 – H2 Tech Innovation Stage; Session title: 'Managing the Molecule: Lessons Learned from Leading Global Hydrogen Development' featuring Jason Rowell, vice president, Sustainable Process Solutions, Black & Veatch. May 22, 10:00 to 10:15, Hall 1 – H2 Action Stage. Visit Black & Veatch's All-Energy 2025 website and World Hydrogen Summit 2025 website for more information about the company's presence at either show, speaker summaries and recent news across the region. About Black & Veatch Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with more than 100-years of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure and energy assets. Follow us on and on LinkedIn, Facebook, X (Twitter) and Instagram.
Yahoo
17-03-2025
- Business
- Yahoo
Is Micron Technology (MU) the Best Data Center Stock to Buy According to Billionaires?
We recently published a list of . In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against other best data center stocks to buy according to billionaires. Data centers have become the foundation of the digital economy, facilitating the storage, processing, and distribution of vast amounts of data that drive industries worldwide. According to McKinsey & Company, the global data center market is set for significant expansion through 2030, fueled by enterprise digital transformation and hyperscale cloud growth. Their analysis projects that global demand for data center capacity could grow annually by 19% to 22% between 2023 and 2030, ultimately reaching between 171 and 219 gigawatts (GW) of annual capacity (compared to 60 GW currently). As per McKinsey, at least double the data center capacity built since 2000 would have to be built in less than one-fourth of the time, to avoid a capacity shortfall. At the start of the year, investor sentiment toward data centers soared following the high-profile announcement of Project Stargate, a landmark $500 billion initiative aimed at revolutionizing data center infrastructure. However, enthusiasm has tempered later in the first quarter as discussions have emerged over potential repealing of the CHIPS Act. This legislation was originally designed to strengthen U.S. semiconductor manufacturing and reduce reliance on foreign suppliers, and it has played a key role in reshaping domestic production capabilities. The ongoing debate over its future has introduced uncertainty into the market, influencing investor outlooks. Amid these discussions, a February 2025 PwC report underscores the strategic importance of expanding data center infrastructure—not only for technological advancement but also for geopolitical stability. Nations are increasingly wary of relying on critical infrastructure in high-risk regions. Geopolitical tensions and trade restrictions continue to expose vulnerabilities in global supply chains, prompting companies to implement contingency strategies. PwC further adds that expanding into new markets introduces additional challenges, including strict security and data privacy regulations, particularly in non-U.S. jurisdictions with stringent compliance frameworks. As a result, data center operators must carefully balance regulatory requirements, infrastructure investments, and market demand while navigating an evolving global landscape. In a March 10 interview with CNBC, Charlie Sanchez, President of Infrastructure Advisory at Black & Veatch, discussed the ongoing surge in AI-driven infrastructure investment, particularly within data centers. He emphasized that despite trade tariffs, the commitment to data center development remains robust, both in the U.S. and globally. Companies recognize AI's potential to optimize supply chains, enhance energy efficiency, and unlock new value streams. Sanchez also highlighted that AI not only drives demand for infrastructure but also serves as a key enabler for future efficiencies. Moreover, advancements in AI and processing power are already being incorporated into the design of next-generation data centers, reinforcing the necessity for continued development and investment in the sector. In summary, data centers play a crucial role in the modern digital economy, supporting innovation and global connectivity. Their sustained growth trajectory, driven by AI, cloud computing, and enterprise digitalization, presents a strong investment opportunity. With backing from both corporate and government stakeholders, data centers will remain at the core of economic transformation, serving as vital infrastructure for the data-driven future. To determine the 20 best data center stocks to buy according to billionaires, we conducted extensive research to identify key players in the data center sector. Our approach involved analyzing exchange-traded funds (ETFs), industry research reports, and proprietary databases to compile a comprehensive list of companies operating in the data center industry. We then refined our focus to the top 20 data center stocks most favored by billionaire investors, leveraging Insider Monkey's Q4 2024 database to extract data on billionaire holdings. We have arranged them in ascending order based on the number of billionaire investors holding stakes in each company as of Q4 2024. Additionally, we provided insights into hedge fund sentiment surrounding these stocks, using data from Insider Monkey's Q4 2024 database of over 1,000 elite hedge are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A close-up view of a computer motherboard with integrated semiconductor Technology, Inc. (NASDAQ:MU) designs, develops, manufactures, and markets memory and storage products, including dynamic random-access memory (DRAM), flash memory (NAND), solid-state drives (SSDs), and High Bandwidth Memory (HBM) globally. The company is well-positioned to capitalize on technological advancements in AI, 5G, autonomous vehicles, and data centers. Wells Fargo analyst Aaron Rakers reaffirmed a Buy rating on Micron Technology (NASDAQ:MU) on March 12, citing a strong growth outlook. The company is poised to benefit from continued high-bandwidth memory (HBM) and data center demand, expected to drive momentum in mid-to-late 2025. While Q3 gross margins may decline due to a higher consumer mix and weak NAND conditions, stabilizing consumer markets and rising bit shipments should support revenue growth. Micron's increasing HBM market share and upcoming HBM4 advancements further strengthen its long-term potential, creating an attractive risk/reward profile. Overall, MU ranks 3rd on our list of best data center stocks to buy according to billionaires. While we acknowledge the potential of MU to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
17-03-2025
- Business
- Yahoo
Is Intel Corp. (INTC) the Best Data Center Stock to Buy According to Billionaires?
We recently published a list of . In this article, we are going to take a look at where Intel Corp. (NASDAQ:INTC) stands against other best data center stocks to buy according to billionaires. Data centers have become the foundation of the digital economy, facilitating the storage, processing, and distribution of vast amounts of data that drive industries worldwide. According to McKinsey & Company, the global data center market is set for significant expansion through 2030, fueled by enterprise digital transformation and hyperscale cloud growth. Their analysis projects that global demand for data center capacity could grow annually by 19% to 22% between 2023 and 2030, ultimately reaching between 171 and 219 gigawatts (GW) of annual capacity (compared to 60 GW currently). As per McKinsey, at least double the data center capacity built since 2000 would have to be built in less than one-fourth of the time, to avoid a capacity shortfall. At the start of the year, investor sentiment toward data centers soared following the high-profile announcement of Project Stargate, a landmark $500 billion initiative aimed at revolutionizing data center infrastructure. However, enthusiasm has tempered later in the first quarter as discussions have emerged over potential repealing of the CHIPS Act. This legislation was originally designed to strengthen U.S. semiconductor manufacturing and reduce reliance on foreign suppliers, and it has played a key role in reshaping domestic production capabilities. The ongoing debate over its future has introduced uncertainty into the market, influencing investor outlooks. Amid these discussions, a February 2025 PwC report underscores the strategic importance of expanding data center infrastructure—not only for technological advancement but also for geopolitical stability. Nations are increasingly wary of relying on critical infrastructure in high-risk regions. Geopolitical tensions and trade restrictions continue to expose vulnerabilities in global supply chains, prompting companies to implement contingency strategies. PwC further adds that expanding into new markets introduces additional challenges, including strict security and data privacy regulations, particularly in non-U.S. jurisdictions with stringent compliance frameworks. As a result, data center operators must carefully balance regulatory requirements, infrastructure investments, and market demand while navigating an evolving global landscape. In a March 10 interview with CNBC, Charlie Sanchez, President of Infrastructure Advisory at Black & Veatch, discussed the ongoing surge in AI-driven infrastructure investment, particularly within data centers. He emphasized that despite trade tariffs, the commitment to data center development remains robust, both in the U.S. and globally. Companies recognize AI's potential to optimize supply chains, enhance energy efficiency, and unlock new value streams. Sanchez also highlighted that AI not only drives demand for infrastructure but also serves as a key enabler for future efficiencies. Moreover, advancements in AI and processing power are already being incorporated into the design of next-generation data centers, reinforcing the necessity for continued development and investment in the sector. In summary, data centers play a crucial role in the modern digital economy, supporting innovation and global connectivity. Their sustained growth trajectory, driven by AI, cloud computing, and enterprise digitalization, presents a strong investment opportunity. With backing from both corporate and government stakeholders, data centers will remain at the core of economic transformation, serving as vital infrastructure for the data-driven future. To determine the 20 best data center stocks to buy according to billionaires, we conducted extensive research to identify key players in the data center sector. Our approach involved analyzing exchange-traded funds (ETFs), industry research reports, and proprietary databases to compile a comprehensive list of companies operating in the data center industry. We then refined our focus to the top 20 data center stocks most favored by billionaire investors, leveraging Insider Monkey's Q4 2024 database to extract data on billionaire holdings. We have arranged them in ascending order based on the number of billionaire investors holding stakes in each company as of Q4 2024. Additionally, we provided insights into hedge fund sentiment surrounding these stocks, using data from Insider Monkey's Q4 2024 database of over 1,000 elite hedge are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A technician soldering components for a semiconductor Corp. (NASDAQ:INTC) is a global leader in the design and production of microprocessors and semiconductor components, powering everything from personal computers to data centers and Internet of Things (IoT) applications. The company is widely recognized for its advancements in CPU architecture and process technology, maintaining a strong presence in the semiconductor industry. On March 12, Intel Corp. (NASDAQ:INTC) announced the appointment of Lip-Bu Tan as its new permanent CEO, effective March 18. The news was met with enthusiasm, sending the stock up 10% in after-hours trading. Tan, who previously served as CEO of Cadence Design Systems from 2009 to 2021, is regarded as a highly accomplished technology leader with extensive experience in the semiconductor industry. His appointment comes after years of speculation about potential strategic moves for Intel, including asset sales, spin-offs, or even a possible acquisition by another semiconductor giant or private equity investors. Many view this leadership change as a step in the right direction for the company. Following the announcement, Wells Fargo analyst Aaron Rakers reaffirmed his Equal Weight rating on Intel Corp. (NASDAQ:INTC) with a $25 price target. While he acknowledged the appointment as a positive development, he believes the market reaction is largely driven by expectations of broader strategic changes, such as an accelerated Foundry strategy, potential spin-offs, or other corporate restructuring efforts. The move signals a potentially more dynamic approach to Intel's future direction, as per the analyst. Overall, INTC ranks 10th on our list of best data center stocks to buy according to billionaires. While we acknowledge the potential of INTC to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than INTC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
