BlackRock Energy and Resources Income Trust (BERI) is well placed to benefit from strong growth in global power demand, including from (but not limited to) AI and datacentres, which has ramifications for all three of its market segments – mining, traditional energy and energy transition – given the resource intensity of building future-fit infrastructure. In this note, we take a deep dive into the AI theme from a resource perspective, as well as looking more broadly at the factors underlying a forecast 50% increase in electricity consumption in the coming 15 years and the challenges involved in servicing this demand.
