Critical Capital

What it costs to make power cheap

Home energy has spent most of a decade being sold as a premium product, priced at a margin homeowners would pay for something they wanted. Zach Dell says there’s a better

What it takes to build in America again

American industry is building factories, mines, and grid hardware at a scale not attempted in decades, and the capital is there. But Erin Price-Wright says the cost of mo

AI is disrupting services. What does that mean for power demand?

AI is still in the foothills of enterprise adoption, but the infrastructure buildout required to support it is already reshaping energy markets, capital allocation, and i

Senator Thom Tillis on energy, China, and leaving Congress

Energy policy has become increasingly polarized just as the U.S. faces record electricity demand, a rapidly expanding AI economy, and growing competition from China.  In

The unprecedented opportunity for infrastructure investors

We are entering a period of infrastructure development unlike anything we’ve seen in the last century. The infrastructure economy is witnessing a generational redesign an

Navigating the new world disorder

Conflict and disaster displace millions of people around the world every year, and millions more live with food insecurity, unreliable access to electricity or no electri

The trillion-dollar collision between AI and the grid

The rapid rise of AI has sparked a multi-trillion-dollar collision between our aging power grid and massive, energy-hungry AI "factories."  Unlike traditional cloud data

The US-China rivalry runs through energy and minerals

On today’s stage, China is the rising global power, and U.S. dominance is under threat. Geopolitical tensions like wars in the Middle East and Ukraine, combined with supp

The clean energy transition has a hardware problem

The electric grid is under pressure from every direction: surging demand from AI data centers, electrification, utility-scale renewables, and new industrial loads. But ac

Can U.S. industrial trade policy stay on course?

For decades, the United States bet on globalization: open markets, cheaper goods, and far-flung supply chains. But that model is breaking down. After pandemic disruptions

Atoms, bits, and the trillion-dollar manufacturing race

For 40 years, the U.S. economy has been optimizing itself for the digital world while exporting its physical manufacturing capabilities. Now, the rise of AI is leaving a

Introducing: Critical Capital

The future of energy isn’t shaped by technology alone. It’s shaped by markets, policy, capital flows, and the institutions that connect them. Trillions of dollars are mo