Barclays Identifies Top Stocks in CO2 Capture and Storage Amid Rising AI Infrastructure Costs
As AI infrastructure spending by hyperscalers is projected to exceed $1 trillion by 2028, demand for CO2 capture and storage (CCS) solutions is increasing due to energy shortages and environmental concerns. Barclays highlights key companies in digital and energy infrastructure, including Baker Hughes, BKV Corp, California Resources, Chevron, Exxon Mobil, Linde, NET Power, and Occidental, noting significant ongoing projects and partnerships in the CCS sector.
Projected AI infrastructure spending by hyperscalers will surpass $1 trillion by 2028, driving demand for CO2 capture and storage (CCS) solutions due to energy shortages and environmental concerns. Barclays identifies leading companies in this sector: Baker Hughes provides CO2 compression technology and secured a service contract with Petrobras; BKV Corp develops integrated CO2 management solutions; California Resources offers CO2 storage services via its Carbon TerraVault joint venture; Chevron invests in CCS projects including Bayou Bend and operates the Gorgon system in Australia; Exxon Mobil develops a comprehensive CCS system and accelerates its production facility in Guyana; Linde increases its quarterly dividend; NET Power utilizes the Allam-Fetvedt cycle to capture emissions; and Occidental focuses on Direct Air Capture for enhanced oil recovery.
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