Industry Exec: Data Centers Will Drive Demand for Natural Gas [Yahoo! Finance]
TC Energy Corporation (TRP)
Last tc energy corporation earnings: 5/1 07:30 am
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Source: Yahoo! Finance
from energy-intensive data centers will support an increased need for the fuel in the coming years. Stanley Chapman, executive vice president and COO of Calgary, Alberta-based TC Energy, in a May 3 company earnings call said he expects demand for natural gas tied to data center operations will rise by as much as 8 billion cubic feet a day (Bcf/d) by 2030. That level is equal to about 21% of the current demand for the fuel at U.S. gas-fired power plants. Said Chapman, “We do see a meaningful load-in growth opportunity and increased demand in coming years due to data centers.” Chapman said his company is upgrading its pipeline network across some states, and increasing connections to local distribution networks, as part of its strategy to support the demand growth for natural gas. Want to learn more about how electricity demand from data centers is impacting the power generation sector? Register now to be part of Experience POWER Week , including the Distributed Energy Conference, Oct
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TRP
Earnings
- 5/3/24 - Beat
TRP
Sec Filings
- 5/16/24 - Form 6-K
- 5/3/24 - Form 6-K
- 4/23/24 - Form 6-K
- TRP's page on the SEC website