{
  "id": 5266078,
  "title": "Billionaire Peter Thiel’s Fund Is Betting on the Grid Behind AI: 2 Energy Stock Picks",
  "url": "https://urgent.news/2026/09/01/billionaire-peter-thiels-fund-is-betting-on-the-grid-behind-ai-2",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-01T19:18:36.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/energy/articles/billionaire-peter-thiel-fund-betting-191836321.html"
  },
  "original_language": "en",
  "account": "Billionaire investor Peter Thiel is backing two energy stocks in his fund, Thiel Macro LLC. The fund has recently increased its investment in American Electric Power Company (AEP) and FirstEnergy Corp (FE). AEP, a major utility company providing electricity to households, has secured 69 gigawatts of contracted load additions through 2030, with 90% of that demand coming from data centers. FirstEnergy Corp, which also provides electricity, has seen a significant increase in demand due to the AI boom.\n\nAEP's stake in Thiel Macro LLC is worth $42.22 million, while its stake in FirstEnergy Corp is valued at $39.90 million. The company has locked customers in with letters of agreement and large-load tariffs that require minimum demand after ramp-up, along with collateral and termination fees. AEP has secured 13 gigawatts of gas turbines through 2031 with an option on 10 more through 2035, giving it an advantage in this scarce market.\n\nThe valuation of AEP's stock trades at a forward non-GAAP P/E of 19.2, which is 7.69% higher than the sector median and 6.71% higher than AEP's five-year average. This premium reflects the optimism surrounding the AI boom and the increased demand for electricity.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}