Pickering Energy Partners

That's a wrap on Power Demand Growth in NYC. Thanks to Enverus for partnering with us on this event. Key takeaways to keep an eye on include: ➡️ Reliability = Higher prices ➡️ Intermittency ➡️ AI computation demand / maturity of software ➡️ Residential solar grid offsets ➡️ Supply chain anxiety #powerdemand #power #powersupply #naturalgas #renewables #enverus #PEP

Closing out the event, Will Jordan, chief legal and policy officer at EQT Corporation, and Scott Wilmot, CFA with Enverus, joined us on the dais to discuss natural gas and future of power demand. We appreciated EQT's views on gas demand, including Will's bullish views on AI given the localized nature of those developments. Meanwhile, Enverus anticipates more than 50 GW in new natural gas capacity coming online over the next several years while another 50 GW is scheduled to retire. Can technology help us retrofit existing generation assets vs. relying on greenfield development? Regardless, Scott expects gas assets to behave differently over time, with settling occurring in a decade and beyond. #naturalgas #development #gas #supply #demand #EQT #PEP #Enverus

Our dispatchable power supply panel featured Ken Medlock of Baker Institute Center for Energy Studies (CES) and Carson Kearl with Enverus. They unanimously voted "myth" on the suggestion renewables will be sufficient in meeting the load growth driven by AI. Ken Medlock noted the sheer complexity of engineering required to reliably deliver the power required globally. As a result, most countries need a diverse portfolio of generation. Furthermore, Ken encouraged everyone to supply cases by region and not to assume any broad stroke solutions. In addition, Carson made the case that the value of energy is rapidly going down, while the real cost and demand will be driven by reliability and capacity. For example, many industrial players not having reliable power supply becomes a major safety issue, therefore many large infrastructure projects are turning to behind-the-meter solutions. And not just AI projects. Take Dow's recent application for an onsite SMR. Carson further shared why he's bullish on nuclear. In the U.S., large data centers are costing upwards of $30 billion, so throwing a billion at a SMR to ensure reliability is largely immaterial. #CAPEX #nuclear #naturalgas #reliability #capacity

Vir Chahal with Enverus and Kevin Telford with Hull Street Energy, LLC took the stage to discuss the challenges related to accommodating load and renewables. Both panelists anticipate a lot of creative solutions being put to work on a regional level, including an upswing in colocation, behind the meter/off the grid solutions and even collaborative efforts with FERC to allow select interconnection projects to jump the queue. Recognizing the gas markets are not built to be the swing fuel power markets would love it to be, this is an area that PEP and Enverus analysts are paying close attention. With the new administration, panelists anticipate renewable generation to continue its development and though Federal incentives may phase out eventually, it will likely not effect state's support of these projects. Attempts to assert control over certain agencies will impact permitting - in some cases negatively, such as offshore wind - but too soon to tell who is going to be effected most. Long term, panel suggested the supply chain constraints could eventually slow AI and other load development. Not to be ignored is the impact of Americans likely to push NIMBY sentiments.

From the anticipated energy mix to the realities in volatility, Kevin Kang with Enverus dove into all things AI and the future of power demand. With AI contributing up to 70% of total power demand growth in the U.S., the question quickly switches to who will meet the need. Enverus looks at the short term and long term demand, determining regionally which generation projects are coming online and analyzing interconnection queues across the country. While natural gas-generated power is definitely not shrinking, Enverus expects renewables to play a larger part than generally expected. And as a result, price volatility will be unprecedented due to growing intermittency and peaker prices shooting up to make their economics work. #ai #powerdemand #volatility #electricity #power #renewables #naturalgas

Excited to kick off Power Demand Conference in NYC. Welcome remarks care of Joshua Martin with Pickering Energy Partners and Ryan Luther, CFA with Enverus. Digging into the myths and realities of power demand and AI requirements. #ai #powerdemand #power #powergeneration #naturalgas #renewables

The Power Demand Growth Conference is happening this week in NYC. Industry leaders from NVIDIA, Rice University, and other top organizations will unpack the critical trends shaping the future of energy. Explore the realities of AI-driven power consumption, the balance between renewables and dispatchable power, and the pivotal role of natural gas in the evolving energy landscape. This full-day event promises expert discussions, actionable insights, and valuable networking opportunities. For more information, please contact: [email protected] #energyfuture #renewables #naturalgas #aienergy #energyleadership #energyconference #techinnovation #2025outlook #energysector #pickeringenergypartners #enverus #nvidia #riceuniversity

We at Pickering Energy Partners believe that empowerment is essential for fostering innovation and building an industry that is resilient and forward-thinking. By supporting events like Influential Women in Energy with Hart Energy, we champion leadership that drives meaningful change in the energy sector. Join us as we celebrate the achievements and contributions of influential women in energy and work together to shape a brighter, more inclusive future. Register now at: https://lnkd.in/gUQ5tPaH #womeninenergy #energyleadership #innovation #empowerment #houstonevents #pickeringenergypartners

Watch the latest episode of the Energy in Transition Podcast featuring Josh Lowrey, Dan Pickering and Justin Edmiston Director of Growth & Acquisitions at DTE Energy. Watch now at: https://heyor.ca/dVK45F #energyintransition #energy #energypodcast #oilgas #dteenergy #pickeringenergypartners #danpickering

William Jordan, Chief Legal and Policy Officer at EQT Corporation is presenting at this years Power Demand Growth: Myths vs. Reality Conference. As power demand surges and renewables take on a larger role in the energy mix, natural gas continues to serve as a critical component of a reliable power supply. But how will this evolving landscape impact U.S. natural gas demand and the future of gas-fired power plants? For more information, please contact: [email protected] #energyconference #naturalgas #renewableenergy #powerdemand #energypolicy #gridreliability #eqtcorporation #energyfuture #energyinsights #energyeconomics #businessgrowth #energyinnovation #powermarkets