Latest news with #EnbridgeInc
Yahoo
30-05-2025
- Business
- Yahoo
Data Center & Natural Gas Link Grows: Will WMB, ENB, KMI Stocks Gain?
With the demand for data processing increasing due to the rapid expansion of artificial intelligence (AI) applications, data centers are facing unprecedented energy challenges. Natural gas is emerging as a pivotal solution in the power strategies of these facilities, offering the reliability, scalability and economic viability needed to support continuous and intensive data processing operations. Integrating natural gas with renewable energy sources allows data centers to balance sustainability goals with operational efficiency, positioning natural gas as a cornerstone of the future energy landscape for this sector. Analysts and investors have noted that leading natural gas and oil pipeline companies are already addressing the rising electricity demand driven by AI-powered data centers on their recent earnings calls. Major energy companies like The Williams Companies Inc. WMB, Enbridge Inc. ENB and Kinder Morgan Inc. KMI are well-positioned to benefit from this AI-driven trend. AI data centers have become significant electricity consumers due to several key factors. Firstly, deep learning and other AI workloads require immense computational power. High-performance processors, such as graphics processing units and tensor processing units, are essential to handle the billions of calculations needed for training large neural networks. This computational intensity drives up electricity usage substantially. Secondly, data storage systems, particularly those designed for high-speed access and redundancy, represent another major source of energy consumption. These storage systems are critical for rapidly retrieving and processing large datasets, but they also require substantial power to operate efficiently. Finally, the heat generated by high-performance processors necessitates robust cooling systems to maintain optimal operating temperatures and avoid hardware damage. These cooling systems, while essential, add another layer of electricity consumption, further contributing to the overall energy demands of AI data centers. As the adoption of AI data centers accelerates, the electricity demand is expected to grow substantially, putting considerable pressure on existing transmission grids. To accommodate this rising demand, utilities may be compelled to invest in new natural gas power plants, which would increase the need for midstream infrastructure, such as expanded pipeline networks, to ensure a reliable supply of natural gas to these facilities. This dynamic could create new opportunities for investment in both power generation assets and the associated midstream infrastructure needed to support this growing energy consumption. Three midstream energy majors that investors should keep an eye on are The Williams Companies, Enbridge and Kinder Morgan. All the stocks currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. WMB Expands Gas Network to Meet Data Center-Power Demand The Williams Companies is focused on the expansion of its natural gas infrastructure to meet heightened energy demand from data centers. The Transco Power Express Pipeline is among the key projects that will be designed to transport 950 million cubic feet of natural gas daily to Virginia, a state known for increasing electricity demand for rapidly growing data centers. Moreover, WMB is planning similar expansions in the Northwest and Mountain West, especially in places like Idaho and Salt Lake City, where demand for power from new data centers is increasing. Data Center Boom Powers KMI's Growing Project Backlog Kinder Morgan is experiencing a notable rise in natural gas demand, fueled by the expansion of data centers and AI applications. In the first quarter of 2025, KMI included $900 million in its project backlog, raising its total backlog to $8.8 billion. Of the total $900 million, KMI mentioned that more than 70% of this additional backlog is associated with meeting power demand, a proportion of which should be coming from the data centers. ENB's Strong Investment Opportunities to Power Data Center Enbridge expects strong growth opportunities from the rising demand for power from data centers. On the recent earnings call, ENB mentioned the identification of more than 35 individual projects or initiatives that will create demand for roughly 11 billion cubic feet per day of incremental natural gas. The company expects several billion dollars in capital investment opportunities for the projects through 2032. ENB, whose pipelines transport 20% of the total natural gas consumed in the United States, is expecting attractive returns from the initiatives. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report Enbridge Inc (ENB) : Free Stock Analysis Report Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Cision Canada
28-05-2025
- Business
- Cision Canada
Enbridge Publishes 24th Annual Sustainability Report
CALGARY, AB, May 28, 2025 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) published today its 2024 Sustainability Report and Datasheet, which provides an overview of the Company's sustainable business strategy. "How well we perform as a safe operator of essential energy infrastructure, a steward of the environment and a responsible corporate citizen continues to be core to our mission to be North America's first-choice energy delivery company," said Pete Sheffield, Enbridge's Chief Sustainability Officer. "This year's Sustainability Report, our 24 th in as many years, provides an update to stakeholders on our progress, the work that remains and Enbridge's unwavering commitment to continuous improvement." Highlights from the 2024 Sustainability Report include: 40% improvement in greenhouse gas (GHG) emissions intensity from the Company's operations and 22% reduction in absolute GHG emissions from operations (both as compared against a 2018 baseline) 1, 2 23% reduction in work-related injuries and safety incidents among employees and contractors 3 Updated Task Force on Climate-related Financial Disclosures, including an assessment of scenarios, risks and opportunities across each of the Company's businesses Continued reporting on progress towards commitments made in the Company's Indigenous Reconciliation Action Plan Includes data from the completed acquisition of the U.S. natural gas utilities acquired throughout 2024 The Sustainability Report and Datasheet were developed with reference to the Global Reporting Initiative (GRI) Universal Standards and GRI 11 Oil and Gas Sector Standard and make use of the Sustainability Accounting Standards Board (SASB) standards for Oil & Gas Midstream and Gas Utilities & Distributors. Click to read the 2024 Sustainability Report and Datasheet. About Enbridge At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, carbon capture and storage. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at ___________________________ 1 GHG emissions are from assets over which Enbridge has operational control (Scope 1 and Scope 2 emissions). Projected reductions of GHG emissions intensity and absolute emissions is relative to the 2018 baseline year. 2 This metric aggregates emissions and throughput for each business unit on the basis of tonnes of carbon dioxide equivalent per energy delivered in petajoules (PJ). 3 Excludes U.S. gas utilities employees and contractors.
Yahoo
27-05-2025
- Business
- Yahoo
Was Jim Cramer Right About Enbridge Inc. (ENB)?
We recently published a list of In this article, we are going to take a look at where Enbridge Inc. (NYSE:ENB) stands against other stocks that Jim Cramer discusses. A caller said he sold Dominion Energy and bought Enbridge Inc. (NYSE:ENB), asking whether he should hold and reinvest the dividend. Cramer affirmed: 'I like Enbridge. Continue to reinvest. I'm one of the few people that's liked Enbridge all the way down because I trust that management team.' Cramer's trust in management paid off with Enbridge gaining 23.90%. Enbridge Inc. (NYSE:ENB) operates North America's most extensive pipeline system and is expanding its renewable energy investments across wind and solar. A close-up of renewable energy turbines capturing the power of a windy sky. Cramer remains a big fan of the natural gas stock. Here's his analysis from May 13: 'What else? You know I'm a big fan of Enbridge, the Canadian pipeline colossus. Although their network also has lots of crude oil exposure, still, I think Enbridge belongs in any shortlist of natural gas plays because they operate the continent's largest natural gas utility by volume. These guys were always big in Canada, they run the main gas utility in Toronto. Overall, ENB ranks 5th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of ENB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ENB and that has 100x upside potential, check out our report about this 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.
Yahoo
20-05-2025
- Business
- Yahoo
Enbridge Announces Conversion Results for Series 13 Preferred Shares
CALGARY, AB, May 20, 2025 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 13 (Series 13 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 14 (Series 14 Shares) on June 1, 2025. After taking into account all conversion notices received from holders of its outstanding Series 13 Shares by the May 20, 2025 deadline for the conversion of the Series 13 Shares into Series 14 Shares, less than the 1,000,000 Series 13 Shares required to give effect to conversions into Series 14 Shares were tendered for conversion. About Enbridge Inc. At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, carbon capture and storage. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at FOR FURTHER INFORMATION PLEASE CONTACT: Media Investment Community Toll Free: (888) 992-0997 Toll Free: (800) 481-2804 Email: media@ Email: View original content: SOURCE Enbridge Inc. View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
20-05-2025
- Business
- Cision Canada
Enbridge Announces Conversion Results for Series 13 Preferred Shares
CALGARY, AB, May 20, 2025 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 13 (Series 13 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 14 (Series 14 Shares) on June 1, 2025. After taking into account all conversion notices received from holders of its outstanding Series 13 Shares by the May 20, 2025 deadline for the conversion of the Series 13 Shares into Series 14 Shares, less than the 1,000,000 Series 13 Shares required to give effect to conversions into Series 14 Shares were tendered for conversion. About Enbridge Inc. At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, carbon capture and storage. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at FOR FURTHER INFORMATION PLEASE CONTACT: SOURCE Enbridge Inc.
