The power cost crisis faced by tech giants is evolving into a new market opportunity. U.S. policymakers have explicitly stated that large tech companies' data centers must bear their own electricity costs and can no longer rely on cheap public grid supplies. What does this mean?

In simple terms, these companies must find ways to solve their power supply issues—whether by building their own power generation facilities or signing long-term power purchase agreements. While this may seem like a cost pressure, from another perspective, it is a driving force for the upgrade of the entire energy infrastructure.

The concept of Behind-the-Meter (BTM) generation has emerged accordingly. The BTM model allows companies to independently deploy distributed energy systems, completely changing the traditional power supply logic of data centers. This not only reduces dependence on the public grid but also helps control costs during peak periods.

From an investment perspective, this policy shift sends a clear positive signal for energy assets. Stocks such as BE, GEV, Eose, and TE are expected to benefit, as they either provide distributed energy solutions or control key electricity infrastructure resources. As more tech companies join this energy self-rescue wave, the demand in this sector is likely to accelerate.