M&A in the energy sector is soaring as developers of AI projects look to bypass the growing practical and regulatory hurdles to launching new power generation projects.
The total value of global energy M&A reached an estimated $217 billion in Q2, growing 62% from the prior quarter and nearly fivefold year-over-year, according to PitchBook's latest Global M&A Report. That figure lands just shy of the $220.3 billion record for the energy sector set in Q4 2023.
Deal count shows a more modest growth, rising roughly 13% year-over-year to an estimated 409. North America alone accounted for 77% of total deal value, at $166.9 billion.
The momentum was propelled by a mega-trend: the need to meet explosive electricity demand driven by the breakneck expansion of AI data centers.
It's now the largest driver of M&A activity in this sector, if not the only one, said KPMG partner Stephen Binz.
The total value of global energy M&A reached an estimated $217 billion in Q2, growing 62% from the prior quarter and nearly fivefold year-over-year, according to PitchBook's latest Global M&A Report. That figure lands just shy of the $220.3 billion record for the energy sector set in Q4 2023.
Deal count shows a more modest growth, rising roughly 13% year-over-year to an estimated 409. North America alone accounted for 77% of total deal value, at $166.9 billion.
The momentum was propelled by a mega-trend: the need to meet explosive electricity demand driven by the breakneck expansion of AI data centers.
It's now the largest driver of M&A activity in this sector, if not the only one, said KPMG partner Stephen Binz.
17 days ago
