CITIC Securities: The North American power shortage is deeply entrenched and difficult to reverse; energy storage and grid construction will soon replicate the boom in gas turbines.

2026-03-22 12:37:48

CITIC Securities Research Report points out that currently, the North American power grid faces issues such as long grid connection cycles, aging and decommissioned power sources and grid equipment, and insufficient backup capacity. The explosive demand for AIDC will lead to a power shortage in North America reaching 39.9, 51.8, and 67.8 GW in 2026-2028. We believe that gas turbines, energy storage, and grid equipment will gradually become the core beneficiaries. Currently, the market only recognizes the prosperity of gas turbines. It is expected that in half a year to a year, investments in the grid and energy storage will begin to increase steadily. North America’s profit scale far exceeds that of other regions globally, and we are optimistic about the resilience of related industry chains.

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