{
  "M_IEA_POWER": {
    "title": "IEA: data centre electricity use surged in 2025; AI-focused data centres climbed faster",
    "url": "https://www.iea.org/news/data-centre-electricity-use-surged-in-2025-even-with-tightening-bottlenecks-driving-a-scramble-for-solutions",
    "type": "macro",
    "note": "Macro evidence for power, cooling, and grid bottlenecks."
  },
  "M_MS_POWER": {
    "title": "Morgan Stanley: Energy Markets Race to Solve the AI Power Bottleneck",
    "url": "https://www.morganstanley.com/insights/articles/powering-ai-energy-market-outlook-2026",
    "type": "macro",
    "note": "Forecasts U.S. data center demand could reach 74 GW by 2028 with a large power-access shortfall."
  },
  "M_CBRE_DC": {
    "title": "CBRE North America Data Center Trends H1 2025",
    "url": "https://www.cbre.com/insights/reports/north-america-data-center-trends-h1-2025",
    "type": "macro",
    "note": "Data center primary market supply and vacancy evidence."
  },
  "M_SP_GLOBAL_DC": {
    "title": "S&P Global: 2026 Trends in Data Center Services & Infrastructure",
    "url": "https://www.spglobal.com/energy/en/news-research/special-reports/energy-transition/2026-trends-in-data-center-services-infrastructure",
    "type": "macro",
    "note": "Highlights AI training infrastructure needs for energy and efficient cooling."
  },
  "M_CORNING_REUTERS": {
    "title": "Reuters: Corning partners with Nvidia to expand U.S. fiber optic output for AI growth",
    "url": "https://www.reuters.com/business/media-telecom/corning-partners-with-nvidia-expand-us-fiber-optic-output-ai-growth-2026-05-06/",
    "type": "news",
    "note": "Shows the optical infrastructure theme moving from hidden to mainstream."
  },
  "M_JCI_REUTERS": {
    "title": "Reuters: Johnson Controls raises annual profit forecast on data center cooling demand",
    "url": "https://www.reuters.com/business/johnson-controls-raises-annual-profit-forecast-data-center-cooling-demand-2026-05-06/",
    "type": "news",
    "note": "Shows the data-center cooling theme moving into earnings revisions."
  },
  "M_SCHNEIDER_REUTERS": {
    "title": "Reuters: Schneider Electric to launch Southeast Asia training hub in Malaysia",
    "url": "https://www.reuters.com/world/asia-pacific/schneider-electric-launch-southeast-asia-training-hub-malaysia-2026-05-06/",
    "type": "news",
    "note": "Shows energy management/cooling suppliers increasingly linked to AI infrastructure."
  },
  "BELDEN_IR": {
    "title": "Belden investor overview and 2025 results",
    "url": "https://investor.belden.com/overview/default.aspx",
    "type": "company",
    "note": "Belden describes itself as a data networking infrastructure company at IT/OT convergence."
  },
  "POWELL_IR": {
    "title": "Powell Industries investor relations and annual reports",
    "url": "https://powellindustriesinc.gcs-web.com/annual-reports",
    "type": "company",
    "note": "Electrical energy distribution and control equipment."
  },
  "ENERSYS_IR": {
    "title": "EnerSys FY2025 results",
    "url": "https://investor.enersys.com/news/news-details/2025/ENERSYS-REPORTS-FOURTH-QUARTER-FISCAL-YEAR-2025-RESULTS-05-21-2025/default.aspx",
    "type": "company",
    "note": "Energy systems/batteries with record FY2025 adjusted EPS."
  },
  "ITRON_IR": {
    "title": "Itron FY2025 financial results",
    "url": "https://na.itron.com/w/itron-announces-fourth-quarter-and-full-year-2025-financial-results",
    "type": "company",
    "note": "Utility energy/water management and grid data infrastructure."
  },
  "MODINE_AI": {
    "title": "Modine secures $180 million in AI infrastructure developer cooling orders",
    "url": "https://investors.modine.com/news/news-details/2025/Modine-Secures-180-Million-in-Orders-for-Data-Center-Cooling-Systems/default.aspx",
    "type": "company",
    "note": "Direct data center cooling orders for an AI infrastructure developer."
  },
  "VIAVI_IR": {
    "title": "VIAVI investor overview",
    "url": "https://investor.viavisolutions.com/overview/default.aspx",
    "type": "company",
    "note": "Test, monitoring and optical technology for data-center and communication networks."
  },
  "IPGP_IR": {
    "title": "IPG Photonics investor overview",
    "url": "https://investor.ipgphotonics.com/overview/default.aspx",
    "type": "company",
    "note": "Fiber laser technology for manufacturing and advanced applications."
  },
  "ROGERS_IR": {
    "title": "Rogers Corporation investor relations",
    "url": "https://www.rogerscorp.com/Investors",
    "type": "company",
    "note": "Materials technology that helps power, protect and connect."
  },
  "ATKORE_IR": {
    "title": "Atkore products and infrastructure overview",
    "url": "https://www.atkore.com/",
    "type": "company",
    "note": "Electrical conduit, cable management, safety and infrastructure products."
  },
  "AZZ_IR": {
    "title": "AZZ FY2025 results",
    "url": "https://www.prnewswire.com/news-releases/azz-inc-reports-fourth-quarter-and-fiscal-year-2025-full-year-results-302433674.html",
    "type": "company",
    "note": "Metal coatings and precoat metals infrastructure exposure."
  },
  "SPX_IR": {
    "title": "SPX Technologies corporate overview",
    "url": "https://spx.com/",
    "type": "company",
    "note": "Engineered products with HVAC, detection and measurement positions."
  },
  "HAMMOND_IR": {
    "title": "Hammond Power Solutions Q4 2025 results",
    "url": "https://americas.hammondpowersolutions.com/news/2026/march/Quarter-4-2025-Financial-Results",
    "type": "company",
    "note": "Record annual sales, with growth driven partly by data centre expansion and electrification."
  },
  "VOLEX_DC": {
    "title": "Volex data centres page",
    "url": "https://www.volex.com/markets/complex-industrial-technology/data-centres",
    "type": "company",
    "note": "High-speed copper interconnects for 400G/800G/emerging 1.6T tiers."
  },
  "VOLEX_RESULTS": {
    "title": "Volex FY2025 record results",
    "url": "https://www.volex.com/news/latest-news/volex-announces-record-results-for-fy2025",
    "type": "company",
    "note": "FY2025 revenue above $1B and operating profit above $100M."
  },
  "XPPOWER_IR": {
    "title": "XP Power reports and presentations",
    "url": "https://corporate.xppower.com/investors/reports-and-presentations",
    "type": "company",
    "note": "Power converter specialist with 2025 results and recovery commentary."
  },
  "MUNTERS_DC": {
    "title": "Munters data-center cooling solutions",
    "url": "https://www.munters.com/en-us/",
    "type": "company",
    "note": "Energy-efficient air and liquid cooling solutions for data centers."
  },
  "CAREL_IR": {
    "title": "CAREL Industries 2025 financial statements and FY2025 press release",
    "url": "https://ir.carel.com/en/financial-statements/",
    "type": "company",
    "note": "HVAC/refrigeration controls and FY2025 revenue growth."
  },
  "TKH_IR": {
    "title": "TKH Annual Report 2025 publication",
    "url": "https://www.tkhgroup.com/news/publication-tkh-annual-report-2025",
    "type": "company",
    "note": "Automation and electrification separation plan and strategic sharpened profile."
  },
  "SENSIRION_IR": {
    "title": "Sensirion investor relations 2025 results",
    "url": "https://sensirion.com/company/investor-relations",
    "type": "company",
    "note": "Sensor specialist with 2025 revenue growth in challenging markets."
  },
  "BELIMO_AR": {
    "title": "Belimo Annual Report 2025",
    "url": "https://report.belimo.com/",
    "type": "company",
    "note": "HVAC actuators, control valves, sensors and meters; strong 2025 growth."
  },
  "ALFA_AR": {
    "title": "Alfa Laval 2025 results and data-center order commentary",
    "url": "https://www.alfalaval.com/media/news/investors/2026/alfa-laval-publ-fourth-quarter-and-full-year-2025/",
    "type": "company",
    "note": "Heat transfer, separation and fluid handling; data-center orders increasing in energy division transcript."
  },
  "RENISHAW_IR": {
    "title": "Renishaw FY2025 results",
    "url": "https://www.renishaw.com/en/investors--22615",
    "type": "company",
    "note": "Precision measurement and manufacturing technology."
  },
  "OXFORD_IR": {
    "title": "Oxford Instruments 2025 annual report hub",
    "url": "https://www.oxinst.com/investors/financial-reports-and-presentations",
    "type": "company",
    "note": "Semiconductor and imaging/analysis exposure."
  },
  "DISCOVERIE_IR": {
    "title": "discoverIE FY2025 preliminary results",
    "url": "https://discoverieplc.com/news-centre/news/news-details/2025/Full-Year-Trading-Update-Q4-2025/default.aspx",
    "type": "company",
    "note": "Niche customised electronics for industrial applications."
  },
  "DIPLOMA_IR": {
    "title": "Diploma FY2025 results",
    "url": "https://www.diplomaplc.com/news/full-year-results-2025/",
    "type": "company",
    "note": "Controls division growth and specialist technical distribution."
  },
  "TT_IR": {
    "title": "TT Electronics corporate overview",
    "url": "https://www.ttelectronics.com/",
    "type": "company",
    "note": "Sensors, power conversion and complex electronics assemblies."
  },
  "MORGAN_IR": {
    "title": "Morgan Advanced Materials 2025 financial results",
    "url": "https://www.morganadvancedmaterials.com/en-gb/news-and-events/news/news-archive/full-year-2025-financial-results/",
    "type": "company",
    "note": "Thermal products, performance carbon and technical ceramics; semiconductor exposure."
  },
  "ATS_IR": {
    "title": "ATS Corporation investor overview",
    "url": "https://investors.atsautomation.com/overview/default.aspx",
    "type": "company",
    "note": "Custom automation solutions for sophisticated manufacturing."
  },
  "MDA_IR": {
    "title": "MDA Space FY2025 results",
    "url": "https://www.prnewswire.com/news-releases/mda-space-reports-fourth-quarter-and-fiscal-2025-results-302703308.html",
    "type": "company",
    "note": "Record revenue/EBITDA and $4B backlog; satellite, robotics and geointelligence."
  },
  "VECIMA_IR": {
    "title": "Vecima FY2025 results",
    "url": "https://vecima.com/press-release/vecima-reports-q4-and-full-year-fiscal-2025-results/",
    "type": "company",
    "note": "Cable/fiber access and cloud-native network upgrade exposure."
  },
  "KARDEX_IR": {
    "title": "Kardex 2025 financial results",
    "url": "https://www.tradingview.com/news/eqs%3A65f54a54f094b%3A0-kardex-holding-ag-financial-results-2025/",
    "type": "company",
    "note": "Warehouse automation; 2025 bookings up strongly."
  },
  "FUJIKURA_REUTERS": {
    "title": "Reuters: Fujikura rides AI data centre boom",
    "url": "https://www.reuters.com/world/asia-pacific/japans-century-old-fujikura-rides-ai-data-centre-boom-become-nikkei-standout-2025-10-24/",
    "type": "news",
    "note": "Example of a formerly under-the-radar optical stock becoming fully discovered."
  },
  "FURUKAWA_IR": {
    "title": "Furukawa Electric Integrated Report 2025",
    "url": "https://www.furukawaelectric.com/en/ir/library/annual/2025.html",
    "type": "company",
    "note": "Optical fiber/cable and data-center product exposure."
  },
  "SUMITOMO_IR": {
    "title": "Sumitomo Electric IR library and multicore fiber announcement",
    "url": "https://sumitomoelectric.com/ir/library",
    "type": "company",
    "note": "Optical fiber and electrification portfolio."
  },
  "HAMAMATSU_IR": {
    "title": "Hamamatsu investor relations library",
    "url": "https://www.hamamatsu.com/us/en/investor-relations/ir-library.html",
    "type": "company",
    "note": "Photonics, sensors and measurement instruments."
  },
  "OMRON_IR": {
    "title": "OMRON integrated report 2025",
    "url": "https://www.omron.com/global/en/integrated_report/",
    "type": "company",
    "note": "Factory automation and sensing/control."
  },
  "YOKOGAWA_IR": {
    "title": "Yokogawa Report 2025",
    "url": "https://www.yokogawa.com/about/ir/reports/annual/",
    "type": "company",
    "note": "Industrial automation, measurement, control and cybersecurity/DX."
  },
  "AZBIL_IR": {
    "title": "azbil report 2025",
    "url": "https://www.azbil.com/ir/library/annual/index.html",
    "type": "company",
    "note": "Building automation, advanced automation and lifeline markets."
  },
  "UBLOX_DELIST": {
    "title": "u-blox delisting announcement",
    "url": "https://live.deutsche-boerse.com/news/Cancellation-of-remaining-publicly-held-registered-shares-of-u-blox-Holding-AG-and-delisting-from-the-SIX-Swiss-Exchange-as-of-18-May-2026-88d1c127-ae8f-401f-a54f-ce842762cdbb",
    "type": "exclusion",
    "note": "u-blox would have fit the thesis, but was excluded because delisting is scheduled for May 18, 2026."
  },
  "AGENT_20260609_CCC": {
    "title": "CCC Intelligent Solutions agent discovery evidence (June 9, 2026)",
    "url": "https://www.repairerdrivennews.com/2026/05/11/ccc-strong-start-to-2026-momentum-and-opportunity-focused-in-ai/",
    "type": "company",
    "note": "Added June 9, 2026 from the latent-data-software discovery sweep."
  },
  "AGENT_20260609_WLY": {
    "title": "John Wiley & Sons agent discovery evidence (June 9, 2026)",
    "url": "https://finance.yahoo.com/news/john-wiley-sons-inc-wly-070318486.html",
    "type": "company",
    "note": "Added June 9, 2026 from the latent-data-software discovery sweep."
  },
  "AGENT_20260609_KRXIR": {
    "title": "Kingspan Group agent discovery evidence (June 9, 2026)",
    "url": "https://www.sharecast.com/news/news-and-announcements/kingspan-reports-record-2025-as-data-centre-demand-surges--21772962.html",
    "type": "company",
    "note": "Added June 9, 2026 from the datacenter-shell discovery sweep."
  }
}