Electricity Is the New Oil | Rob Thummel on the Energy Opportunity from the AI Boom
In this episode of Excess Returns, we’re joined by Rob Thummel of Tortoise Capital to discuss the critical intersection of energy and technology. Rob explains why “electricity is the new oil” as AI and data center demand reshape global power needs. We explore the future energy mix, investment opportunities across natural gas, nuclear, and renewables, and how investors can position for decades of transformation in the energy ecosystem.
Topics covered:
How AI is driving a new era of electricity demand
The evolving U.S. energy mix: oil, gas, nuclear, and renewables
Why electricity is becoming…
The skinny
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