Energy Security & AI | Asia Pacific: Key Investor Questions

Research evidence excerpt

Energy Security & AI | Asia Pacific: Key Investor Questions

Idea

July 2, 2026 12:29 AM GMT

Morgan Stanley Asia (Singapore) Pte.+MEnergy Security & AI | Asia Pacific Mayank Maheshwari

Equity Analyst

Key Investor Questions Mayank.Maheshwari@morganstanley.comRyan M Heng +65 6834-6719

Ryan.Heng@morganstanley.com +65 6834-6465

Debates on Powering AI and Energy Security, as well as Vivek Rajamani

globalisation of natural gas and fuel shortages, have become EquityVivek.Rajamani@morganstanley.comAnalyst +65 6834-6740

nuanced. We flag 12 stocks that got most interest among the 70 Morgan Stanley India Company Private Limited+

plays we've highlighted globally as energy meets computing. Pranitha Shetty

Research Associate

Pranitha.Shetty@morganstanley.com +91 22 6118-3022

Key Takeaways Hinal Choudhary

US investors are more focused on the Energy Security theme in Asia than their Hinal.Choudhary@morganstanley.com +91 22 6118-2044

Asian peers.

Powering AI, fossil-based power generation, and energy storage batteries are

being looked at with more bottom-up ideas in focus.

Over the last two weeks, we had 50+ discussions with investors across Asia and the

ASEAN Utilities and Infrastructure

US on our Energy Security & Powering AI Blupepaper. We got notable pushback on Asia Pacific

our estimated size of investments for Asia. Investors find it low at US$5.5 trillion – Industry View In-Line

they see upside to our power grid, power generation, and energy storage estimates.

What's consensus and got most investor mindshare:

1. Positive view on shipyards, clean tankers, gas pipelines, and energy storage

batteries/fuel; downstream energy (fuel refiners) over pure upstream

players got limited pushback.

2. Diversification in portfolio exposure from power equipment supply chain