EP. 279 AI-Driven Demand and the New Power Investment Cycle

EP. 279 AI-Driven Demand and the New Power Investment Cycle

This week on Energy Unplugged, we’re joined by Steven Mandel, Partner at TPG Rise Climate, in conversation with Oliver Kerr, Aurora’s Managing Director for North America. Together, they explore how institutional capital is responding to policy volatility, surging load growth, and the growing influence of AI on US power markets.

Steven helps lead investments across power, electrification, and the broader energy transition for TPG Rise Climate, one of the world’s largest dedicated climate investment platforms. He serves on the boards of Altus Power, Matrix Renewables, Nextracker, Intersect Power and Palmetto, and brings prior experience from Denham Capital and Citi’s Power & Utilities investment banking team.

The discussion focuses on the fundamentals shaping US power today: accelerating data centre demand, rising gas marginal costs, and the competitiveness of solar-plus-storage - even amid policy uncertainty. Steven explains why capital is concentrating on quality over pipeline scale, how investors assess durability in volatile markets, and why affordability and regulatory stability will define the next phase of deployment.

You will learn:

  • Why AI-driven load growth is strengthening the long-term power investment case.
  • How climate investors evaluate risk and downside protection in uncertain markets.
  • Why solar and storage remain structurally competitive.
  • How policy and affordability debates could shape future capital flows.

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Episoder(331)

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SAWEM: Can South Africa Build a Competitive Power Market? EP. 294

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SAWEM: Can South Africa Build a Competitive Power Market? EP. 294 - Video Edition

SAWEM: Can South Africa Build a Competitive Power Market? EP. 294 - Video Edition

In this episode of Energy Unplugged, two of Aurora’s energy market experts, Dan Monzani, Managing Director for UK, Ireland and South Africa, and Caroline Still, Market Lead - South Africa, examine one...

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The Primary Energy Fallacy: Why Electrification Changes Everything, EP. 293 - Video Edition

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This week on Energy Unplugged, Richard Howard, Aurora Energy Research’s Global Research Director, is joined by Jan Rosenow, Energy Programme Lead, Jackson Senior Research Fellow and Professor of Energ...

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The Primary Energy Fallacy: Why Electrification Changes Everything, EP. 293

The Primary Energy Fallacy: Why Electrification Changes Everything, EP. 293

This week on Energy Unplugged, Richard Howard, Aurora Energy Research’s Global Research Director, is joined by Jan Rosenow, Energy Programme Lead, Jackson Senior Research Fellow and Professor of Energ...

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How Does Germany Fix Its Grid Congestion Problem? EP. 292 - Video Edition

This week on the Energy Unplugged podcast, Casimir Lorenz, Managing Director for Central Europe at Aurora Energy Research, is joined by Aurélie Alemany, CEO of enercity, to explore one of the most pre...

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How Does Germany Fix Its Grid Congestion Problem? EP. 292

How Does Germany Fix Its Grid Congestion Problem? EP. 292

This week on the Energy Unplugged podcast, Casimir Lorenz, Managing Director for Central Europe at Aurora Energy Research, is joined by Aurélie Alemany, CEO of enercity, to explore one of the most pre...

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Designing Batteries for a Changing Grid, EP. 291

Designing Batteries for a Changing Grid, EP. 291

This week on Energy Unplugged, Joshua Margulies, Aurora’s Market Lead for France, is joined by Olivier Jacquemin, Head of Power Revenues at Amarenco, one of Europe’s leading independent power producer...

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EP. 290 AI, Flexibility and the Rise of the Autonomous Grid

EP. 290 AI, Flexibility and the Rise of the Autonomous Grid

This week on the Energy Unplugged podcast, Richard Howard is joined by Devrim Celal, Chief Marketing & Flexibility Officer, Kraken to explore how flexibility, AI and distributed energy resources are r...

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