Evergy Faces Patent Infringement Lawsuit Amidst Growing Demand for Services
Evergy, a major power utility company in the Midwest, is experiencing a surge in demand for its services due to increasing electricity consumption. The company is well-positioned to capitalize on this growth, driven by the expansion of artificial intelligence data centers and a strained grid.
Key Drivers of Growth
- Expansion of artificial intelligence data centers
- Strained grid
Patent Infringement Lawsuit
Evergy is facing a patent infringement lawsuit from Birchtech Corp., which claims that the company has violated patent rights related to mercury emissions technologies.
Preparations for Data Center Growth
Despite the patent infringement lawsuit, Evergy is preparing to meet the increasing energy demands of data centers, including two large facilities being built in Kansas City.
Upcoming Financial Results
The company is expected to release its fourth-quarter financial results on February 27, 2025, which may provide further insight into its performance.