Another great one. What I think is missing there is an analysis of the European and Asian equipment manufacturers and how they could benefit from the bottlenecks. Siemens Energy, for example, is a company that benefits even more than GE Vernova, in my view. Similarly, Schneider Electric on the transformer side. These are global markets, and bottlenecks in the US spread.
The article highlights the paradox of interconnection: while a continental grid maximizes efficiency and resource sharing, it introduces systemic fragility. By erasing local boundaries, a single point of failure can now trigger a massive, cascading collapse—proving that we have traded local resilience for high-scale complexity.
In light of this systemic fragility, should we focus on reinforcing our massive centralized grids, or is it time to pivot toward decentralized micro-grids to ensure local survival during a major failure?
Another great one. What I think is missing there is an analysis of the European and Asian equipment manufacturers and how they could benefit from the bottlenecks. Siemens Energy, for example, is a company that benefits even more than GE Vernova, in my view. Similarly, Schneider Electric on the transformer side. These are global markets, and bottlenecks in the US spread.
The article highlights the paradox of interconnection: while a continental grid maximizes efficiency and resource sharing, it introduces systemic fragility. By erasing local boundaries, a single point of failure can now trigger a massive, cascading collapse—proving that we have traded local resilience for high-scale complexity.
In light of this systemic fragility, should we focus on reinforcing our massive centralized grids, or is it time to pivot toward decentralized micro-grids to ensure local survival during a major failure?
Excellent thesis 👏
Man your slides are a thing to behold, you definitely paid your dues in HF/IB junior tier. Great content as well.
Great deep dive!!! $WMB is the most underappreciated name in this entire piece. Further up the supply chain, also like $AROC