Innio (INIO)

This idea sits on a pattern emerging within the watchlist where a small group of energy and power companies are attempting to participate in the AI infrastructure buildout. Peers mentioned explicitly include LBRT and EROC alongside Innio. The core proposition is that AI spending is evolving beyond compute hardware and facility space into the consumption of vast amounts of electricity, and that creates an opening for companies that can deliver on localized power solutions for hyperscale campuses.

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