Shubhda Kaushik

How energy capital will now be deployed The first essay in this series argued that the immediate phase of the energy transition will be shaped less by policy ambition and more by fundamentals, execution, and system economics. The second explored how that shift is changing the operating logic across developers, offtakers, and system operators. The natural next step is to assess how capital is responding. Projects that cannot integrate into existing infrastructure and instead depend on new...

Once ambition ceases to be the binding constraint, the energy transition becomes a question not of direction, but of operation In the first essay in this series, The Next Act of the Energy Transition , I argued that the immediate phase of the transition will be shaped less by policy ambition and more by fundamentals, execution, and system economics. That piece was concerned with diagnosis: what has changed, and why many of the assumptions that guided the last decade no longer hold. This essay...

Why the immediate next phase of the energy transition will be shaped less by policy ambition and more by fundamentals, execution, and system economics For much of the past decade, the energy transition has been framed as a contest of ambition, how quickly technologies could be invented, how boldly governments could legislate and how decisively capital could be mobilised. The pattern is beggining to shift - what lies ahead is not a competition of vision, but of viability. As AI reshapes...