Research × Rigor
Independent infrastructure research and advisory on energy and digital infrastructure: built from bottom-up financial models with transparent assumptions and editorial rigor.
Capital committed
Energy Transition
$2.3T
Global energy transition investment
2025
Digital Infrastructure
$410B
Hyperscaler AI capex
2025
Semiconductors
$166B
Semiconductor industry capex
2025
The interdependency
AI capex creates power demand before the grid can answer it, and every new gigawatt unlocks the next wave of compute.
Energy & power
AI & digital infra
Power is the binding constraint. Access to electricity has surpassed connectivity as the primary factor in data centre site selection. Companies that own existing, grid-connected capacity are sitting on something scarce: nobody else can get connected to power that fast.
What we cover
The foundation of the next industrial cycle.
Power generation · Grid & transmission · Energy storage · Electrification · Grid equipment
The physical backbone of AI and cloud computing.
Data centres · Fibre & connectivity · Networking · Subsea cables
The enabling industries behind global capital deployment.
Semiconductors · Cooling infrastructure · Industrial automation · Critical minerals · Industrial equipment
The opportunity
The capital cycle reshaping energy, compute, and semiconductors is the largest coordinated infrastructure buildout in history. Yet fewer than a handful of independent research firms cover them with models you can open, assumptions you can inspect, and forecasts in the open.
Research is free · no paywall. Apple (AAPL) is the live model demo — pillar coverage is publishing next.
Advisory mandates? Get in touch
$7.6T
Cumulative AI infrastructure capex, 2026–2031
Goldman Sachs
$5.8T
Global grid investment, 2026–2035
JPMorgan / BNEF
$166B
Semiconductor capex, 2025
Semiconductor Intelligence
<5
Independent research firms with bottom-up models across all three pillars