Sep 3, 2026 · 14 min
Electrification reshapes power demand and investment
What is the electrification of everything? with Paul Baiocchi of SS&C ALPS Advisors
Rising electricity demand could redirect capital across generation, grids, utilities, industrial automation, transportation, and critical minerals through 2035.
- 1Electrification links economic and social trends to a broad investment opportunity spanning power, infrastructure, equipment, and resources.
- 2U.S. electricity demand may accelerate after decades of near-flat growth, with data centers and policy shaping market outcomes.
- 3Market-cap-weighted indexes can underrepresent industries with substantial forward-looking potential as electrification develops through 2035.
Don't miss
Paul Baiocchi connects accelerating U.S. electricity demand with a portfolio opportunity spanning generation, infrastructure, utilities, equipment, and resources.
The brief
Paul Baiocchi of SS&C ALPS Advisors joins host Dan Cassidy to define electrification as the convergence of economic and social trends driving demand for electricity and related resources.
The opportunity extends across grid resilience, power generation, utilities, industrial automation, electric transportation, autonomous vehicles, and critical minerals—not one narrow technology trade.
The discussion focuses on a potential acceleration in U.S. electricity demand after decades of near-flat growth, with investment needs spanning infrastructure, equipment, and resources through 2035.
Data centers, policy, and utility valuations complicate the theme: they shape energy markets while challenging assumptions about who ultimately bears rising electricity costs.
Baiocchi closes by arguing that market-cap-weighted indexes may miss industries with significant forward-looking potential, making broader portfolio construction central to the thesis.
What was said on this episode
5 statements · 4 positive · 1 negative
Electrification trends are increasing electricity demand.
“all of which is putting upward pressure on electricity demand”
Listen at 2:17
Rising electricity demand is pushing the existing grid toward its limits.
“that's pushing the grid as we know it to its limits”
Listen at 2:21
Electrification will require significant electricity infrastructure investment over the next 10–25 years.
“requires a significant amount of investment that we think is going to unfold over the next 10, 15, 20, 25 years”
Listen at 2:25
Tesla is expected to roll out an autonomous electric vehicle fleet.
“The expectation is that they're going to roll out their fleet.”
Listen at 3:08
Uber will likely integrate autonomous vehicle fleets into its global service offering.
“Uber will likely and has already signed contracts to do so globally, integrate these autonomous vehicle fleets into their overall service offering.”
Listen at 3:16
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
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