You're likely aware that utility company Constellation Energy is reactivating one of the mothballed nuclear reactors at Three Mile Island in Middletown, Pennsylvania, mostly to serve nearby data centers operated by Microsoft. And Facebook parent Meta Platforms -- along with cloud computing name Amazon -- have both made long-term power purchase agreements with electric utility outfit Vistra. Such high-profile partnerships between corporations and utility companies are quickly becoming the new norm, largely thanks to the rapid proliferation of electricity-hungry artificial intelligence (AI) data centers. Not all of this dealmaking is being made with familiar names, however. The need is so great that even smaller power providers can now cash in on the insatiable demand for electricity. South Dakota utility outfit Black Hills (NYSE: BKH) is the latest small-cap beneficiary of the movement. Image source: Getty Images.
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