There are a lot of “low growth” services businesses in energy where distribution is the moat making them harder to disrupt.

There will be an opportunity to add AI to create new revenue streams or improve ops.

They’ll become cash flowing monsters.

The NTM revenue drop-off based on Rule of 40 is crazy right now.

Many companies that cut costs are still growing, and the market is rewarding them in a big way.

Great news on permitting for transmission lines.

- cap on wait times reduced from 4 years to 2 years

- Coordinated Interagency Authorizations and Permits program created to streamline the process

latitudemedia.com/news/doe-rules…

Another big data center / renewables deal - the growth won’t be coming to an end any time soon.

Wonder if there’s a US airport that’s gone 30 days without losing a piece of luggage?

India is building the world’s largest solar plant.

- $20B total cost
- seen from space
- 5x the size of Paris
- enough power for Switzerland

Might be my new answer when people ask “how big can this solar thing be?”

Growth in power demand in the US is all about AI and manufacturing, but in China and India a growing middle class demands new luxuries like HVAC.

That demand will require A LOT of new power generation in regions typically reliant on coal. Not good for emissions.

.Will Guidara wrote one the best books of 2023 in Unreasonable Hospitality. (one of my favorite books period)

His newsletter is also a must read.

More of us in the services industries could use the mentality highlighted in this week’s edition.

This is great.

Profits matter more now than in the past 10 years, but this is a chart of AI vs non-AI.

Apple is a device company and Tesla is a car company in the market’s eyes.

The growth in tech CapEx is very real.

- $META +42%
- $GOOGL +49%
- $MSFT +79%

These numbers are a leading indicator of future power demand.

We’re making things too difficult in the energy transition. If we want to pull people into the shift, we need to make it easier.

kevindstevens.com/2024/04/26/mak…

25 min each way x 2 = 50 mins per day

x 200 days commuting per year

= 10,000 minutes to learn

It adds up.

Where we live plays a role in what stocks a we’re likely to own.

Southeast: 14% more likely to own energy

West Coast: 10% more likely to own tech

Midwest: 11% more likely to own industrials

Northeast: 7% more likely to own financials

Honestly couldn’t get into Tim’s podcasts at first, but they’ve hit home over the last year or two and I’ve gone back to listen to past episodes.

Amazing run of consistency and quality that speaks to creating new fans forever.