XLU Utilities sector
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Utilities Sector Declines as AI-Driven Energy Demand Narrative Cools
The utilities sector is trading lower as investor enthusiasm moderates around the anticipated surge in electricity demand from artificial intelligence and data...
Utilities Sector Gains on Continued AI-Driven Power Demand Narrative
The utilities sector, as measured by the XLU ETF, is trading higher, continuing a 2026 trend driven by expectations of surging electricity demand from data...
Utilities Sector Sees Sharp After-Hours Decline Amid Broad Market Sell-Off
The Utilities Select Sector SPDR ETF (XLU) experienced a significant -3.17% drop in the after-hours session without a clear, sector-specific catalyst. The...
🔴 XLU is trading 3.2% down today as rate-hike fears and AI infrastructure uncertainty weigh on defensives
XLU is trading 3.2% down as investors reassess defensive sectors in a risk-off environment driven by rising rate-hike fears and geopolitical tensions. •...
PJM Interconnection orders emergency power cuts, facing record heatwave demand
PJM Interconnection issued a federal emergency alert to reduce electricity consumption across its territory. The grid operator serves 67 million people...
National Grid invests $1.75B in Joulent, targeting AI power demand
National Grid Ventures (NGV) is investing $1.75 billion for a 35% stake in Joulent LLC. This strategic partnership develops critical power infrastructure for...
Duke Energy Exits Offshore Wind, Reinvesting $129M in Nuclear and Gas
Duke Energy voluntarily terminated its Carolina Long Bay offshore wind lease through a settlement with the U.S. Department of the Interior. The company will...
EDF Sells 5.6GW North American Renewables Portfolio to KKR
French utility Électricité de France (EDF) agreed to sell its renewable energy business in the United States and Canada to KKR. The portfolio includes a net...
Rystad Energy forecasts $30B fuel cell market, driven by AI demand
Rystad Energy forecasts global data center fuel cell revenues will reach $30 billion by 2030. This represents a tenfold increase over current levels. Rapid AI...
NextEra Energy outlines massive AI-driven expansion, including $94.1B investment and $66.8B Dominion deal
NextEra Energy, the largest U.S. utility by market cap, today detailed a significant strategic push to capitalize on the booming electricity demand from...
🔴 XLU is trading 4.6% down today on rate sensitivity and policy concerns
XLU is trading sharply lower at $44.05, down about 4.6% from its regular-session close, as investors reassess defensive sectors amid renewed rate sensitivity...
Chevron to build 2.67GW gas plant for Microsoft, bypassing power grid
Chevron and Microsoft signed a 20-year power purchase agreement for a dedicated 2.67-gigawatt natural gas-fired power plant. Located in West Texas, Project...
Tesla, Sunrun, Renew Home Launch 16GW Virtual Plant, Targeting Data Centers
Sunrun, Renew Home, and Tesla formed a partnership to aggregate home energy devices into a 16-gigawatt virtual power plant (VPP). The collaboration provides...
Southern Company lands record $26.5B loan, adding 16 gigawatts of power
The U.S. Department of Energy offered a record $26.54 billion loan to Southern Company subsidiaries Georgia Power and Alabama Power. This financing supports...
FERC fast-tracks AI data center grid connections, addressing surging power demand
The U.S. Federal Energy Regulatory Commission (FERC) ordered grid operators to expedite connection applications for AI data centers. This directive aims to...
Elementl Power plans 1.5 GW Ohio nuclear plant, fueling data centers
Elementl Power is developing a nuclear power plant in Southeast Ohio. The facility will provide up to 1.5 gigawatts of capacity. Elementl signed an Early Works...
Duke Energy faces multi-state rate hike backlash, fueled by data center demand
Duke Energy faces growing regulatory and consumer opposition to proposed electricity rate increases across multiple states. In Indiana, the state’s Utility...
NextEra Energy buys Dominion for $62.4B, creating clean energy giant
NextEra Energy (NEE) signed a definitive agreement to acquire Dominion Energy (D) for approximately $62.4 billion. The merger creates one of North America’s...
Microsoft Reconsiders Clean Energy Goals, Supports New Gas Plants to Power Virginia Data Centers
Microsoft is reportedly reconsidering its ambitious goal to power its operations with 100% zero-carbon electricity on a 24/7 basis by 2030, due to the massive...
Shell Prepares $1B Offshore Wind Sale, Prioritizing Fossil Fuel Profits
Shell Plc is preparing to sell its offshore wind farm portfolio in a deal valued at over $1 billion, according to Bloomberg. The energy giant has reportedly...