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When investors want to play the AI power boom, the first names that come to mind are hot stocks in emerging energy technologies, such as advanced fuel cell makerBloom Energy(NYSE:BE) and small modular reactor developerOklo(NYSE:OKLO).
Bloom has major AI partnerships withOracleandBrookfield, while Oklo has deals withMeta Platformsand Switch.
One company almost no one is talking about is the high-yielding clean-power producerClearway Energy(NYSE:CWEN).
Its parent (Clearway Energy Group) quietly signed a nearly 1.2-gigawatt (GW) deal to build renewable power forAlphabet(NASDAQ:GOOG)(NASDAQ:GOOGL), and it's getting paid much more for the power produced at some of its legacy assets because the new power buyer is a hyperscaler with voracious energy needs.
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AI power is one of the catalysts that make Clearway among thetop renewable energy stocks to buy.
This past January, Clearway Energy Group signed three long-term power purchase agreements (PPAs) withAlphabet's Googlefor nearly 1.2 GW of projects to support its data centers.
They represent over $2.4 billion of investment in energy infrastructure, with the first projects expected to come online in 2027 and 2028.
It's a significant expansion of its existing power partnership with Google, which currently consists of a 71.5-megawatt (MW) project in West Virginia.
While Clearway Energy isn't investing directly in these assets initially, it will in the future.
It has already agreed to buy Goat Mountain (a wind repowering project in Texas backed by a Google PPA) from its parent when it begins commercial operations next year.
Additionally, it has identified Swan Solar and Catamount Wind (two other Google-linked projects) for potential acquisition in 2028.
| Product | Price | Change |
|---|---|---|
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| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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