5/04Monday, May 4, 2026 - EST

• Data center electricity numbers: Are the predictions accurate and investible?
• Cutting into margins… Update on the energy component supply chain, interconnection delays and queue reform
• Is there an AI power bubble? First, is there an AI bubble?
• How resilient is data center power to the ups and downs of an economy?
• “Traditional funding sources are inadequate to meet future investment needs:” Is there enough private equity and debt to jump in?
• Short-term fixes and long-term planning: Balancing bridge solutions with scalable energy platforms
• How much dry powder is out there?
• Interest rate sensitivity and capital costs impact
• The latest, deals, structures and implications
• How will bring your own change the market?

• External market mapping and investment targeting
• Regional and asset-specific preferences
• Sub-markets: backup power, microgrids, interconnection, clean energy PPAs
• Investor lens: market selection, competitive dynamics, and deal flow
• Risks and risk management: White and black swan risk
• Where is the future growth and relative value?

• FERC & ISO grid streamlining update
• Land-use complexities
• Financing the nuclear industry
• Addressing the industry challenges and path forward
• The latest local government regulations and incentives to be aware of
• Regulatory approvals for stakes and takeovers
• How should we be thinking about carbon reporting and ESG disclosure mandates?
• NEPA reform and is the federal government really solving permitting bottlenecks

• How is marketing thinking about behind the meter vs. PPAs’?
• EBITDA and other numbers out there
• As interconnection queues grow how will valuation grow?
• Pricing risk for different sub-industries and markets
• Counterparty strength and credit risk
• Recent transactions and valuation premiums
• Potential exits and valuation models

This $100 billion market represents a core investment thesis for infrastructure and energy-focused funds. The panel will explore how data center demand is driving capital into traditional generation assets, grid modernization, and physical systems — with a focus on platform roll-ups, asset-backed strategies, and long-duration yield plays attractive to PE investors.

• Chips, power and future demand
• Nuclear energy: Is the comeback for real?
• Future power needs as an industry and capacity planning
• Energy future proofing strategies
• Modeling load growth
• Technology risk & asset obsolescence
• And if the Democrats return to power
• Pricing in the risk of delayed energization, curtailment, or lack of transmission access
• Building in financial optionality to manage long-duration risk
• Underwriting multiple exit paths and protecting against future yield compression or demand softening
• Managing energy price spikes
• How will the future look if you need to generate your own power

• How do you view standalone vs. bundled assets on pricing, structuring, control and exit?
• Growing your data center portfolio: Which sectors are you building companies?
• Platform vs. asset-level investment strategy
• What are your favorite verticals?
• Return expectations, hold periods and geography favorites of different investment categories
• Co-investments and joint ventures
• What are your investors thinking about? ESG and return plenary
• Exit strategy and liquidity planning

With $50 billion in addressable market value, this session will spotlight the surge in investor interest around grid resiliency, backup power, and storage technologies. From battery platforms to modular backup systems, the discussion will highlight where growth equity and infrastructure capital are flowing — and how sponsors are underwriting reliability as a premium asset class.

• Who is doing what? In which sectors are you seeing deals?
• ESG and government linked-funding
• Late vs. early stage vs PE
• Capital stack evolution across stages
• What late-stage investors and strategics are looking for — and how early-stage investors are positioning for liquidity
• How macro conditions like rates, LP appetite and tech cycles are affecting early-stage fundraising and growth equity pricing

• Stargate, other mega deals and how they are financing the power stack
• Working with firms who don’t want to give up their equity
• How is your underwriting changing?
• Private credit vs. infrastructure players
• Using preferred equity, convertible debt, mezzanine, and tax equity to unlock flexibility and returns
• How changing interest rates, covenant structures, and lender appetite are reshaping deal terms
• How tax credit rules are influencing stack design and investor participation
• How platforms are planning for future liquidity events
• Comparing return expectations, hold periods, and risk tolerance between infra funds and private credit players