grid-risk
South Dakota's SPP-operated grid combines exceptional Great Plains wind resources with Missouri River hydroelectric generation to create a clean energy surplus state, though extreme weather variability and limited transmission capacity constrain the full development of the state's renewable potential. This analysis is part of Energy Macro’
tollbooth
GE Vernova is the newly independent power equipment company spun off from GE, manufacturing the gas turbines, grid solutions, and wind turbines that form the backbone of America's electricity generation — the equipment tollbooth collecting on every new power plant and grid upgrade. This analysis is part of Energy
etf-monitor
VanEck Rare Earth/Strategic Metals ETF provides exposure to the critical minerals that China dominates and the West desperately needs — rare earths, lithium, cobalt, and other strategic metals essential for defense, semiconductors, and clean energy technology. This analysis is part of Energy Macro’s ETF Monitor research. For our complete
etf-monitor
Global X Lithium & Battery Tech ETF captures the entire lithium battery value chain from mining to cell manufacturing to EV production, providing exposure to the critical material powering the electric vehicle revolution and grid-scale energy storage buildout. This analysis is part of Energy Macro’s ETF Monitor research. For
tollbooth
EMCOR Group is a leading electrical and mechanical contractor specializing in data center construction, grid modernization, and critical infrastructure — benefiting from the dual tailwinds of AI buildout and grid hardening spending. This analysis is part of Energy Macro’s Tollbooth Royalties research. For our complete infrastructure income framework, see The
grid-risk
South Carolina's SERC-region grid carries the financial and operational scars of the V.C. Summer nuclear construction failure—a $9 billion loss—while the state's remaining nuclear fleet and military base demand create both reliability needs and investment caution in the post-scandal regulatory environment. This analysis
etf-monitor
United States Copper Index Fund provides direct copper commodity exposure through futures contracts, offering a purer price tracking vehicle than mining equities but with the same contango roll cost challenges that plague USO and UNG over long holding periods. This analysis is part of Energy Macro’s ETF Monitor research.
tollbooth
Quanta Services is the largest electrical infrastructure contractor in North America — the company that physically builds the transmission lines, substations, and grid connections that every other energy tollbooth depends on — making it the picks-and-shovels play on the $2 trillion grid rebuild. This analysis is part of Energy Macro’s Tollbooth
grid-risk
Rhode Island's compact ISO New England grid pioneered America's first offshore wind farm at Block Island and continues to pursue offshore wind development as the primary strategy to diversify away from its near-total dependence on natural gas generation. This analysis is part of Energy Macro’s
etf-monitor
Global X Copper Miners ETF provides direct equity exposure to copper production companies worldwide, capturing the electrification supercycle where every EV, solar panel, wind turbine, and data center requires massive amounts of copper — a metal facing a structural supply deficit through the 2030s. This analysis is part of Energy Macro’
tollbooth
Targa Resources is the fastest-growing midstream company in the Permian Basin, operating NGL gathering, processing, and transportation infrastructure positioned at the epicenter of America's most productive oil and gas region. This analysis is part of Energy Macro’s Tollbooth Royalties research. For our complete infrastructure income framework, see
grid-risk
Oregon's WECC-region grid relies heavily on Columbia River hydropower and faces growing wildfire risk to critical transmission corridors, while Portland-area data center expansion and the state's 100% clean electricity mandate drive transformative infrastructure investment needs. This analysis is part of Energy Macro’s Grid Risk research.