Brookfield Renewable and ATS: Canadian Infrastructure Stocks Benefiting from Data Centre Power Demand

Data centres require massive amounts of electricity, and the push for low-carbon power is creating opportunities for infrastructure companies beyond chip stocks. Brookfield Renewable Partners owns a large portfolio of hydro, wind, solar, and storage assets and has signed major power purchase agreements with Microsoft and Alphabet to supply renewable energy for data centres. ATS builds automation systems for energy and industrial sectors, with its nuclear-related revenue growing 101.5% year over year as data centres seek reliable around-the-clock power. Both stocks offer indirect exposure to the data centre boom. Brookfield provides clean power and income through distributions, while ATS benefits from increased industrial spending on energy infrastructure. Investors should note that ATS is a more indirect play, with order bookings declining recently. However, the broader trend of rising electricity demand from AI and data centres supports both companies' growth prospects.