BarChart.com

According to Market on Close host John Rowland, the next big trade isn’t just in electric vehicles.

It’s in the batteries that power them: “23% of all new capacity added to the U.S. electrical grid now comes from battery storage — second only to solar,” Barchart’s Senior Market Strategist explained.

“And the grid needs to expand by 20–30% between now and 2030 just to satisfy AI’s appetite for power.”

According to global risk firm DNV, in fact, data center power demand could grow tenfold by 2030. Artificial intelligence (AI), electric vehicles (EVs), and renewable energy are converging to create a new battery arms race, and understanding this supply chain could be the key to finding the next Tesla-sized investment opportunity.