AI to fuel bumper year for M&A in US power sector

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AI to fuel bumper year for M&A in US power sector - Channel News Asia

Quick Summary:

Dealmakers expect 2025 to be a bumper year for mergers and acquisitions in the U.S.power industry, with a voracious appetite for assets as the sector gears up to meet massive demand growth from data centers for artificial intelligence.

On top of the AEP deal with KKR and PSP, Eversource Energy said January 27 it had agreed to divest its Aquarion Water unit for $2.4 billion, and National Grid announced on February 24 it would offload its U.S.renewables business to Brookfield Asset Management.

"Many private equity firms, which took ownership of their assets three to five years ago, will be seeking liquidity events," said Hill Vaden, executive director of energy capital insights at S&P Global.