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Russian (RU) Sat, Aug 30, 2025, 9:45 AM 5 min read
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Artificial intelligence is expected to change the world, which it very well could.
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The technology amounts to what is simply a very complex computer program.
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Computers need one specific thing to operate properly and reliably: electricity.
Wall Street has decided that artificial intelligence (AI) is going to change the world as we know it. That's not unreasonable to believe, but in true lemming fashion, investors are flocking into stocks that they believe will be AI winners. But it is still early days for the technology, so it is hard to predict which companies are best positioned to benefit.
Except, there is one group of companies that will definitely see demand increase. And one company in that group is better positioned than any other to take advantage: Dominion Energy (NYSE: D). Here's what you need to know.
Aside from AI's ability to replace human employees, the big problem with AI right now is that the technology is still evolving. It is developing quickly, for sure, but there's no way to really know how best to use it. Or which companies will have the best AI technology to offer the world.
If you want to understand the risk, look no further than Yahoo! It was the leading internet search company until Alphabet's Google search service came around. Nvidia is an AI icon today, but it may not always be the industry's big winner. In other words, the early winners in AI could still end up being long-term losers. And bad investments, if you buy them.
But there's something that is very clear about this new technology. It runs on computers, often housed in massive data centers, and computers need electricity to operate. AI, along with other electricity-dependent technology, is expected to lead to a step change in electricity demand.
To put some numbers on that, U.S. electricity demand from AI alone is projected to increase 300% over roughly a decade. And the overall growth in electricity demand is expected to increase from 9% between 2000 and 2020 to 55% between 2020 and 2040. That's not a step change in demand in the utility sector, it is a leap change!
As the AI tsunami washes over the world, there's one region that is going to benefit disproportionately. That region is Virginia. You might not have guessed that, but Virginia is one of the largest data center markets in the world. AI "lives" in data centers. Dominion Energy operates a regulated electric utility in Virginia, giving it a monopoly on serving the power needs of these data centers.
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