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Research @ CitiPodcast22 May 2024


E2: GRIDLOCK—THE GLOBAL POWER PROBLEM


Citi Research

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The power grid is arguably the backbone of modern society. We’re now at a
critical convergence of soaring power demand from the digital economy — driven
by the rise of electric vehicles, data centers, artificial intelligence (AI),
and other technological advances — and an aging grid that requires significant
improvement. The International Energy Agency estimates that power lines globally
will need to double in length between now and 2050, and that’s not including the
old power lines that need to be replaced. Then there’s the red tape that stands
in the way of new construction, the challenge of integrating renewable energy,
and the need for coordinated planning to modernize the grid — all of which point
to unprecedented, structural supply-and-demand shocks. 

Join Citi’s Rob Rowe, Head of the Global Strategy and Macro Group and U.S.
Regional Director of Research, and Anthony Yuen, Head of Energy Strategy in
Commodities Research, as they unpack the complexities of the global power
problem and discuss potential solutions, including long-duration energy storage,
flexible supply, demand response, and the use of AI to help model and coordinate
modern power grids. 

This podcast contains thematic content and is not intended to be investment
research. Nor does it constitute financial, economic, legal, tax or accounting
advice. This podcast is provided for information purposes only and does not
constitute an offer or solicitation to purchase or sell any financial
instruments. The contents of this podcast are not based on your individual
circumstances and should not be relied upon as an assessment of suitability for
you of a particular product, security, or transaction. The information in this
podcast is based on generally available information and, although obtained from
sources believed by Citi to be reliable, its accuracy and completeness are not
guaranteed. Past performance is not a guarantee or indication of future results.
This podcast may not be copied or distributed, in whole or in part, without the
express written consent of Citi. © 2024 Citigroup Global Markets Inc. Member
SIPC. All rights reserved. Citi and Citi and Arc Design are trademarks and
service marks of Citigroup Inc. or its affiliates and are used and registered
throughout the world.

 

 

 

Rob Rowe, Head of Global Strategy and Macro Research and U.S. Regional Director
of Research


Rob Rowe is Head of the Global Strategy and Macro Group (GSMG) as well as the
U.S. Regional Director of Research. GSMG unites all of Citi's economists with
fixed income, FX, equity and commodities strategists to create a common team
providing research on the world's major economies and asset classes. Rob has
been with Citi for 30 years serving in various capacities. He originally joined
Smith Barney Harris Upham & Company in 1989, working in investment banking,
fixed income sales and research.  In addition to his managerial
responsibilities, he continues to provide portfolio strategy for select clients
as part of his previous role overseeing the Global Bond Portfolio Analysis team.
He has written numerous articles and publications on fixed income and portfolio
strategy.

 

Anthony Yuen, Head of Energy Strategy, Commodities Research


Anthony Yuen is a Managing Director and Head of Energy Strategy, Commodities
Research at Citi. He is responsible for energy/environmental, cross-commodity,
and cross-asset strategies.  He also directs energy strategy globally, from oil,
natural gas/LNG and coal to power, renewables and emissions.  He has led many
cross-asset projects involving the upstream, midstream, downstream, utilities,
petchem, and mining sectors.  He was based in New York as the Head of Energy
Strategy before coming to Asia.  Prior to joining Citi in 2011, Anthony worked
at McKinsey in the Greater China region and at Constellation Commodities Group
in the U.S., where he was involved in the strategies and trading functions. He
previously held research and teaching positions at the University of
Pennsylvania and was a faculty member of Columbia University. Widely cited in
the media, he is frequently invited to speak at major organizations and
conferences, including the Aspen Institute, Brookings, Carnegie Endowment, CSIS,
IEA/OPEC/IEF, IIF, KAPSARC, MIT, and NREL, among others. He was a reviewer of
IEA’s World Energy Outlook and World Energy Investments, and has advised the
U.S, EIA.

Anthony received his bachelor’s and his master’s degrees in engineering
(electrical/computer/photonics) from the University of Toronto, and his Ph.D. in
Economics from the University of Pennsylvania. He is a member of and was an
Ambassador Lecturer for the Society of Petroleum Engineers.

 


UP NEXT
Podcast


E1: YEAR OF THE DRAGON—CHINA’S PLACE IN THE WORLD

China’s once-staggering economic growth has stalled. It now faces myriad
challenges, including persisting property market woes, rising geopolitical
tensions and weak consumer demand. 

Citi Research
Podcast


RESEARCH @ CITI TRAILER

Leadership
Article


OVERCOMING GRIDLOCK: POWERING OUR FUTURE

The power grid is arguably the backbone of modern society, and we’re now at a
critical convergence of the demand ramp-up of an increasingly electrified
economy and an aging power grid that requires significant improvement,
especially in incorporating more renewable but intermittent energy, such as
solar and wind.

Citi Research
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