Tariffs, AI Disruption, and the Race for Returns
The Week That Was: January 31 to February 7, 2025
NOTE: “The Week That Was” is a recap of ideas shared over the last seven days.
What Caught My Eye This Week
Energy Gets A (partial) Tariff Break | Overlooked benefits of US-Canada energy interdependence
Return to Returns | Power, renewables and low-carbon that compete with oil & gas
Datacenter Boom Powers Cummins' Growth | Who else is (should be) benefiting from the boom?
Emissions Data Coming in Hot | Emissions might be out of vogue, but quality public data is growing
Energy Gets A (partial) Tariff Break
𝙒𝙝𝙖𝙩 𝙘𝙖𝙪𝙜𝙝𝙩 𝙢𝙮 𝙖𝙩𝙩𝙚𝙣𝙩𝙞𝙤𝙣? Overlooked benefits of US-Canada energy interdependence, highlighted by cross-border electricity trade, as new 10% US tariff on Canadian energy imports are imposed.
Return to Returns
𝙒𝙝𝙖𝙩 𝙘𝙖𝙪𝙜𝙝𝙩 𝙢𝙮 𝙖𝙩𝙩𝙚𝙣𝙩𝙞𝙤𝙣? The emphasis on “returns” from Shell and Chevron executives during their earnings calls last week as they discussed opportunities in power, renewables and low-carbon that compete with traditional oil and gas assets.
Datacenter Boom Powers Cummins' Growth
𝙒𝙝𝙖𝙩 𝙘𝙖𝙪𝙜𝙝𝙩 𝙢𝙮 𝙖𝙩𝙩𝙚𝙣𝙩𝙞𝙤𝙣? The impact of datacenter led power growth on Cummins 2024 results and 2025 guidance: the Power System’s business leads the way in terms of revenue and EBITDA margin growth “driven primarily by power generation demand, especially data center applications”.
Emissions Data Coming in Hot
𝙒𝙝𝙖𝙩 𝙘𝙖𝙪𝙜𝙝𝙩 𝙢𝙮 𝙖𝙩𝙩𝙚𝙣𝙩𝙞𝙤𝙣? Emissions might be out of vogue, but trend of public data that makes visible WHO and HOW MUCH is still going strong. Today’s example? Carbon Mapper, who just released 300+ plumes captured by the Tanager-1 satellite in their
AI Disruption Meets Energy Markets
𝗪𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝘁𝗵𝗲 𝗱𝗲𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁 𝗼𝗳 𝗗𝗲𝗲𝗽𝗦𝗲𝗲𝗸 𝗥𝟭 𝗺𝗲𝗮𝗻 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗻𝗮𝗿𝗿𝗮𝘁𝗶𝘃𝗲 𝗮𝗿𝗼𝘂𝗻𝗱 𝗮𝗿𝘁𝗶𝗳𝗶𝗰𝗶𝗮𝗹 𝗶𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲 (𝗔𝗜) 𝘁𝗿𝗮𝗶𝗻𝗶𝗻𝗴? 𝗜𝘀 𝘁𝗵𝗲 𝘀𝗲𝗹𝗹𝗼𝗳𝗳 𝗶𝗻 𝗲𝗻𝗲𝗿𝗴𝘆 𝗲𝗾𝘂𝗶𝘁𝗶𝗲𝘀 𝗶𝘁 𝗰𝗮𝘂𝘀𝗲𝗱 𝗷𝘂𝘀𝘁𝗶𝗳𝗶𝗲𝗱?