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Blackstone's Foley sees investment openings in US power grid bottlenecks

Blackstone's energy transition head says rising power demand creates opportunities in grid equipment and gas-fired generation, per OPIS.

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what happened

David Foley, global head of Blackstone Energy Transition Partners, told the Dow Jones Energy Forum in New York that rising electricity demand and slow infrastructure buildout are opening investment opportunities. He pointed to makers of grid equipment that can raise the capacity of existing transmission lines, and engineering firms that can help cover a shortage of skilled workers.

Foley estimated that AI and data centers account for about a third of the average annual rise in power demand. He projected U.S. natural gas demand, including exports, to grow about 22% over five years, and said gas plants will stay important because they can cover shortfalls when wind and solar output falls. Planned gas-fired capacity is set to rise from 4 gigawatts to 48 gigawatts, though turbine manufacturing limits growth. He named lengthy permitting as the main obstacle.

why it matters

For the US gas market, this points to steady growth in domestic power-sector demand. Doug Peterson, former president and CEO of S&P Global, added that peak oil demand projections have moved out to 2045–2050 as oil and coal use keeps rising in China and India.

market impact

US gas: power-sector demand growth and turbine limits support interest in gas-fired generation

tags

EnergyPower & Infrastructure

instruments

US natural gasPower utilitiesGas-fired power equipmentGrid equipment makers

sources

  1. DJE Forum: Blackstone's Foley Sees Investment Opportunities in Power Grid Bottlenecks — OPIS, 21 October 2026 at 18:58 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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