Pathways Podcast
Conversations and innovative insights about real assets, private markets and macroeconomics, intended for global institutional investors. Brought to you by Macquarie Asset Management (MAM), the asset management division of Macquarie Group Limited. This material is for information purposes only and should not be construed as, an advertisement, an invitation, an offer, a solicitation of an offer or a recommendation to participate in any investment strategy or take any other action, including to buy or sell any product or security or offer any banking or financial service or facility in any jurisdiction where it would be unlawful to do so. The views expressed are as of the date of publication and are subject to change. All third-party marks cited are the property of their respective owners. All audio, artwork, episode descriptions and notes are the property of MAM, for Pathways, and published with permission by Buzzsprout. ©2025 Macquarie Group Limited [4356838]
Pathways Podcast
Power struggle: Why the grid can’t keep up
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For decades, the grid was the most boring, unseen part of the energy conversation — until now. In this episode of Pathways, Daniel McCormack, Head of Research at Macquarie Asset Management, is joined by Audrey Lee, Research Analyst and author of the paper Grid Capex in the Age of Renewables and AI, to discuss why the electricity grid has become the binding constraint on the energy transition, the AI buildout, and industrial growth. They cover the $5.9 trillion investment gap and how it plays out differently across Europe, India, and China, the twin problems of aging and missing grid infrastructure, and how data centre demand is reshaping regulation, tariffs, and the race for behind-the-meter power.
For more information about this episode, including a transcript, and to explore Macquarie's multi-asset capabilities, please visit: https://www.macquarie.com/about/company/macquarie-asset-management/institutional/insights/grid-capex-in-the-age-of-renewables-and-ai.html
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