Blackstone, Apollo Capitalize on America's Surging Demand for Electricity
Welcome to Going Private, Bloomberg's twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we take a look at how surging electricity consumption in the US is a boon for alternative investment firms, and how some firms are breathing new life into old private equity assets. And finally, the CEO of Morningstar shares his plan for getting ahead of the big three credit rating agencies. If you're not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Erin Fuchs
Americans' electricity needs have soared, spurred in part by the growth of the power-hungry data centers that are necessary for technologies such as 5G networks and artificial intelligence. Though US electricity demand had flattened in the mid-2000s and early 2020s, it reached an all-time high last year, according to the US Energy Information Administration.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
23 minutes ago
- Bloomberg
Oil Market Weighs Risks as Mideast Conflict Continues
US strikes on Iran nuclear facilities at the weekend added to risks for global oil supply. Analysts are now trying to weigh the increased geopolitical risk against previous fears that strong production and a lukewarm global economy could result in a supply glut. Bloomberg's Stephen Stapczynski reports. (Source: Bloomberg)
Bloomberg
38 minutes ago
- Bloomberg
Insight with Haslinda Amin 6/23/2025
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Yahoo
an hour ago
- Yahoo
Pacific Basin Avoiding Arabian Sea on Mideast Crisis
Martin Fruergaard, CEO dry bulk ship owner and operator Pacific Basin, says the Hong Kong-listed firms have stopped committing to additional voyages into the Arabian gulf on security concerns, despite having tried to evaluate going through the Red Sea again. He added that industry peers are also doing the same even though just 2 percent of dry cargo volume goes through those waters. He also gives his outlook for freight prices in an interview with Yvonne Man and David Ingles on "Bloomberg: The China Show."
