Geo Energy Resources (SGX: RE4)
Geo Energy Resources or GEOE is a coal mining company specialising in coal-fired power generation and infrastructure. In the first quarter of 2025 ending 31 March 2025 (1Q 2025), GEOE reported a revenue growth of 68% year-on-year (YoY) to US$166 million. The firm also reported an increase in net profit of 63% YoY to US$14.1 million....The exponential growth of data centres worldwide amidst the boom in artificial intelligence (AI) has resulted in a massive increase in the demand for electricity.
In the US alone, investor-owned utilities are expected to invest over US$1.1 trillion in capital expenditure between 2025 and 2029.
This investment is being done to upgrade grid infrastructure and power capacity to meet the growing AI-demand.
However this trend is not limited to the US, as Singapore is also trying to take advantage of the AI energy boom.
Here are three Singapore-listed stocks poised to benefit from this global trend.
