Shanu Mathew
@shanumathew.bsky.social
Climate, Investing, NBA, & Rap. SVP, Portfolio Manager - Sustainable Investing. Prev: Head of ESG, HY Credit, Startup (acq.) IB. Own Views. RTs ≠ endorsement.
Looking to 2025: Data center buildout continues but challenges remain - skilled labor shortages, multi-year waits for key equipment, permitting delays. Success will favor companies with established market positions and cash flows over pure-play, commoditized cleantech.
January 17, 2025 at 6:32 PM
Looking to 2025: Data center buildout continues but challenges remain - skilled labor shortages, multi-year waits for key equipment, permitting delays. Success will favor companies with established market positions and cash flows over pure-play, commoditized cleantech.
Manufacturing reshoring + data center construction now exceed $250B annual spend, 2x+ from 2021. Grid modernization capex up 25-50% from historical levels. Natural gas turbine orders hit decade-high growth rate.
January 17, 2025 at 6:32 PM
Manufacturing reshoring + data center construction now exceed $250B annual spend, 2x+ from 2021. Grid modernization capex up 25-50% from historical levels. Natural gas turbine orders hit decade-high growth rate.
AI & data centers creating massive power demand. Utilities project 25-130GW new capacity needed by 2030 (current base ~25GW), driving grid infrastructure investments and benefiting established industrial players.
January 17, 2025 at 6:32 PM
AI & data centers creating massive power demand. Utilities project 25-130GW new capacity needed by 2030 (current base ~25GW), driving grid infrastructure investments and benefiting established industrial players.
Post related to pod: 2024 saw major divergence in clean energy stocks: Traditional cleantech (solar, wind, batteries) fell 25-35% while cleantech-adjacent industries like power equipment and HVAC showed strength, particularly in data center infrastructure.
www.shanumathew.com/2024-cleante...
www.shanumathew.com/2024-cleante...
January 17, 2025 at 6:32 PM
Post related to pod: 2024 saw major divergence in clean energy stocks: Traditional cleantech (solar, wind, batteries) fell 25-35% while cleantech-adjacent industries like power equipment and HVAC showed strength, particularly in data center infrastructure.
www.shanumathew.com/2024-cleante...
www.shanumathew.com/2024-cleante...
We can and should try to overcome some of the industry's challenges around build timelines and cost overruns, some driven by regulatory constraints but others from poor operational track record too. Point is there are real obstacles to growth and its no silver bullet.
January 14, 2025 at 3:30 PM
We can and should try to overcome some of the industry's challenges around build timelines and cost overruns, some driven by regulatory constraints but others from poor operational track record too. Point is there are real obstacles to growth and its no silver bullet.
"[Sizewell C] is due to start generating in 2029 at the earliest, and cost up to £46bn. That compares with initial expectations from 2016 that it would start at the end of 2025 and cost £18bn." Where else is 4 years and $30 billion off budget acceptable? ft.com/content/0b48...
Cost of Sizewell C nuclear project expected to reach close to £40bn
Final price tag for building new power plant is likely to be double 2020 estimate
ft.com
January 14, 2025 at 3:30 PM
"[Sizewell C] is due to start generating in 2029 at the earliest, and cost up to £46bn. That compares with initial expectations from 2016 that it would start at the end of 2025 and cost £18bn." Where else is 4 years and $30 billion off budget acceptable? ft.com/content/0b48...
Despite being heralded as model nuclear nation, France's EDF faces mounting debt from delays & cost overruns. Auditors warn against new builds until better prepared, as their 6-reactor plan hits €80B & projects like Flamanville-3 finished 12 years late. bloomberg.com/news/article...
French Socialist Head Says May Be Near Accord With Government
France’s Socialist Party may be nearing an agreement with Prime Minister Francois Bayrou in which it would support the government in exchange for concessions on a contentious reform of the pension sys...
bloomberg.com
January 14, 2025 at 3:30 PM
Despite being heralded as model nuclear nation, France's EDF faces mounting debt from delays & cost overruns. Auditors warn against new builds until better prepared, as their 6-reactor plan hits €80B & projects like Flamanville-3 finished 12 years late. bloomberg.com/news/article...
I'm all the above energy and pro-nukes + normal caveats.
Nuke bros - keep the same energy when we see headlines & stories like this.
-EDF Must Not Rush Into New Nuclear Projects, Auditor Says
- Cost of Sizewell C nuclear project expected to reach close to £40bn
Nuke bros - keep the same energy when we see headlines & stories like this.
-EDF Must Not Rush Into New Nuclear Projects, Auditor Says
- Cost of Sizewell C nuclear project expected to reach close to £40bn
January 14, 2025 at 3:30 PM
I'm all the above energy and pro-nukes + normal caveats.
Nuke bros - keep the same energy when we see headlines & stories like this.
-EDF Must Not Rush Into New Nuclear Projects, Auditor Says
- Cost of Sizewell C nuclear project expected to reach close to £40bn
Nuke bros - keep the same energy when we see headlines & stories like this.
-EDF Must Not Rush Into New Nuclear Projects, Auditor Says
- Cost of Sizewell C nuclear project expected to reach close to £40bn
A fire-resistant home in LA survived devastating wildfires due to strategic design: minimal vegetation, concrete walls, simple roof lines, and fire-rated materials. This highlights how architectural choices could help protect homes as climate change intensifies wildfire risks.
January 14, 2025 at 3:29 PM
A fire-resistant home in LA survived devastating wildfires due to strategic design: minimal vegetation, concrete walls, simple roof lines, and fire-rated materials. This highlights how architectural choices could help protect homes as climate change intensifies wildfire risks.
A fire-resistant home in LA survived devastating wildfires due to strategic design: minimal vegetation, concrete walls, simple roof lines, and fire-rated materials. This highlights how architectural choices could help protect homes as climate change intensifies wildfire risks.
January 14, 2025 at 3:18 PM
A fire-resistant home in LA survived devastating wildfires due to strategic design: minimal vegetation, concrete walls, simple roof lines, and fire-rated materials. This highlights how architectural choices could help protect homes as climate change intensifies wildfire risks.
AI boom is fueling massive datacenter and power infrastructure buildout, but critical mismatch exists: compute adapts in months while power takes years to deploy. Lag is potentially causing overordering of power capacity, mirroring past boom-bust cycles but w/ long lead times.
January 14, 2025 at 3:05 PM
AI boom is fueling massive datacenter and power infrastructure buildout, but critical mismatch exists: compute adapts in months while power takes years to deploy. Lag is potentially causing overordering of power capacity, mirroring past boom-bust cycles but w/ long lead times.
Biden's order fast-tracks AI infrastructure by letting companies build data centers on federal land and streamlines power grid connections. Key shift: federal sites can help speed up permitting and interconnection for both data centers and clean power facilities.
January 14, 2025 at 2:05 PM
Biden's order fast-tracks AI infrastructure by letting companies build data centers on federal land and streamlines power grid connections. Key shift: federal sites can help speed up permitting and interconnection for both data centers and clean power facilities.
Has anyone confirmed these $ or do they just assume a market price * the tons announced?
"Microsoft, Google and others have recently invested close to $300 million in startups that believe they can realize that goal and develop carbon credits in the process."
"Microsoft, Google and others have recently invested close to $300 million in startups that believe they can realize that goal and develop carbon credits in the process."
January 14, 2025 at 1:51 PM
Has anyone confirmed these $ or do they just assume a market price * the tons announced?
"Microsoft, Google and others have recently invested close to $300 million in startups that believe they can realize that goal and develop carbon credits in the process."
"Microsoft, Google and others have recently invested close to $300 million in startups that believe they can realize that goal and develop carbon credits in the process."
"American household electricity consumption grew at an accelerated clip over the past five years amid hotter and longer summers, data going back to the late 1990s from the US Energy Information Administration show"
January 13, 2025 at 6:15 PM
"American household electricity consumption grew at an accelerated clip over the past five years amid hotter and longer summers, data going back to the late 1990s from the US Energy Information Administration show"
Fortress announces funds managed by affiliates have acquired assets of APR Energy, comprising 30 mobile gas-powered turbines with a combined energy generation capacity of 850 megawatts. The turbines are immediately available for deployment [for datacenters]
January 13, 2025 at 6:15 PM
Fortress announces funds managed by affiliates have acquired assets of APR Energy, comprising 30 mobile gas-powered turbines with a combined energy generation capacity of 850 megawatts. The turbines are immediately available for deployment [for datacenters]
The US plans massive gas power expansion: Enverus forecasts 80 new plants by 2030 (+46GW, 20% more than last 5 years). Wood Mackenzie and S&P project it can get even faster growth at 35-66% increase over 5 years, driven by AI computing demands and need for reliable power.
January 13, 2025 at 6:15 PM
The US plans massive gas power expansion: Enverus forecasts 80 new plants by 2030 (+46GW, 20% more than last 5 years). Wood Mackenzie and S&P project it can get even faster growth at 35-66% increase over 5 years, driven by AI computing demands and need for reliable power.
Spotify: open.spotify.com/episode/4wnW...
166. Green Equities Performance: Core vs Periphery
Redefining Energy · Episode
open.spotify.com
January 13, 2025 at 5:00 PM
Spotify: open.spotify.com/episode/4wnW...
Excited to share that I got the opportunity to make an appearance on one of my favorite energy transition podcasts, 🎙Redefining Energy hosted by Laurent Segalen and Gerard Reid! We discussed market performance and outlooks for Cleantech and 'Cleantech-adjacent' equities. Listen below!
January 13, 2025 at 5:00 PM
Excited to share that I got the opportunity to make an appearance on one of my favorite energy transition podcasts, 🎙Redefining Energy hosted by Laurent Segalen and Gerard Reid! We discussed market performance and outlooks for Cleantech and 'Cleantech-adjacent' equities. Listen below!
+111% trailing 1Y* obvious if you look at 1Y chart but to avoid confusion
January 10, 2025 at 8:10 PM
+111% trailing 1Y* obvious if you look at 1Y chart but to avoid confusion
CEG +25% on the day (reminder was +111% pre-announce).
Market telling you it likes purchase price. Believes in load growth. Likes angle of nuclear + gas & sees growth in TX and CA.
Calpine operates 79 facilities totaling 27.7 GW, mainly in TX, PJM, & CA; mainly natural gas.
Market telling you it likes purchase price. Believes in load growth. Likes angle of nuclear + gas & sees growth in TX and CA.
Calpine operates 79 facilities totaling 27.7 GW, mainly in TX, PJM, & CA; mainly natural gas.
January 10, 2025 at 7:56 PM
CEG +25% on the day (reminder was +111% pre-announce).
Market telling you it likes purchase price. Believes in load growth. Likes angle of nuclear + gas & sees growth in TX and CA.
Calpine operates 79 facilities totaling 27.7 GW, mainly in TX, PJM, & CA; mainly natural gas.
Market telling you it likes purchase price. Believes in load growth. Likes angle of nuclear + gas & sees growth in TX and CA.
Calpine operates 79 facilities totaling 27.7 GW, mainly in TX, PJM, & CA; mainly natural gas.
Moar Power deals (maybe): Virginia Transformer is exploring a sale that could value them at $6 billion+, amid soaring demand.
"Hitachi Energy, the world’s largest producer of transformers, in November warned that the industry is overwhelmed and unable to meet exploding demand"
"Hitachi Energy, the world’s largest producer of transformers, in November warned that the industry is overwhelmed and unable to meet exploding demand"
January 10, 2025 at 7:55 PM
Moar Power deals (maybe): Virginia Transformer is exploring a sale that could value them at $6 billion+, amid soaring demand.
"Hitachi Energy, the world’s largest producer of transformers, in November warned that the industry is overwhelmed and unable to meet exploding demand"
"Hitachi Energy, the world’s largest producer of transformers, in November warned that the industry is overwhelmed and unable to meet exploding demand"
Hold politicians accountable. Do deserve blame for being asleep at wheel.
BUT ALSO keep the same energy when funding plans are proposed to invest proactively into infrastructure.
Transparency & accountability key here. Need to see where $ go and if they're spent well vs. grift.
BUT ALSO keep the same energy when funding plans are proposed to invest proactively into infrastructure.
Transparency & accountability key here. Need to see where $ go and if they're spent well vs. grift.
January 10, 2025 at 2:54 PM
Hold politicians accountable. Do deserve blame for being asleep at wheel.
BUT ALSO keep the same energy when funding plans are proposed to invest proactively into infrastructure.
Transparency & accountability key here. Need to see where $ go and if they're spent well vs. grift.
BUT ALSO keep the same energy when funding plans are proposed to invest proactively into infrastructure.
Transparency & accountability key here. Need to see where $ go and if they're spent well vs. grift.
Over the MT-LT, Climate change AMPLIFIES CONSEQUENCES OF POOR PLANNING and INCREASES VULNERABILITY POINTS. This reality should drive preventative action and infrastructure hardening TODAY. Scorecard doesn't get judged until future but it's moot after crisis hits.
January 10, 2025 at 2:54 PM
Over the MT-LT, Climate change AMPLIFIES CONSEQUENCES OF POOR PLANNING and INCREASES VULNERABILITY POINTS. This reality should drive preventative action and infrastructure hardening TODAY. Scorecard doesn't get judged until future but it's moot after crisis hits.
The pushback against using climate change as a universal scapegoat is HEALTHY SOCIETAL DISCOURSE.
Rather than an excuse for inaction, climate risks should catalyze immediate, concrete steps to strengthen infrastructure and build community resilience IN ADVANCE OF DISASTER.
Rather than an excuse for inaction, climate risks should catalyze immediate, concrete steps to strengthen infrastructure and build community resilience IN ADVANCE OF DISASTER.
January 10, 2025 at 2:54 PM
The pushback against using climate change as a universal scapegoat is HEALTHY SOCIETAL DISCOURSE.
Rather than an excuse for inaction, climate risks should catalyze immediate, concrete steps to strengthen infrastructure and build community resilience IN ADVANCE OF DISASTER.
Rather than an excuse for inaction, climate risks should catalyze immediate, concrete steps to strengthen infrastructure and build community resilience IN ADVANCE OF DISASTER.