
Anthony Ayano
Global Head of Power, Utilities & Infrastructure at RBC Capital Markets; investment banking expert in energy transition with 25+ years experience.
2
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Jun 16, 2026
Complexity multiplies for infrastructure to power the transition
5:36
5:41
6:07
6:22
12:46

Ralph IbendahlHOST
But I'd be curious to understand where you see the strongest investment momentum

Anthony AyanoGUEST
One is on the data center side, the speed to market is a huge driver, which is why we're seeing some of these bring your own generation plays, behind the meter plays, where people are even, they're building renewables, directly supplying load, they're building reciprocating engines with... gas turbines and storage to meet load, et cetera, we need to continue to make this investment going forward.

Anthony AyanoGUEST
Part of the issue here is that people are blaming data centers for everything, but what's really happened is we haven't built any generation other than renewables.

Anthony AyanoGUEST
Luckily, we've stopped that trend, and we haven't really been building any new base load.
6 MINS LATER

Ralph IbendahlHOST
are you seeing in your markets in terms of the mix of private infrastructure equity, private credit, structured capital, project finance?
Complexity multiplies for infrastructure to power the transition
5:38
5:53
6:03
R
5:32Ralph IbbendellHOST
But I'd be curious to understand where you see the strongest investment momentum

Anthony AyanoGUEST
One is on the data center side, the speed to market is a huge driver, which is why we're seeing some of these bring your own generation plays, behind the meter plays, where people are even building renewables, directly supplying load.

Anthony AyanoGUEST
They're building reciprocating engines with gas turbines and storage to meet load, etc., We need to continue to make this investment going forward.

Anthony AyanoGUEST
Part of the issue here is that people are blaming data centers for everything, but what's really happened is we haven't built any generation other than renewables.
6 MINS LATER
R
12:39Ralph IbbendellHOST
How are clients funding this next wave of investment? What are you seeing in your markets in terms of the mix of private infrastructure equity, private credit, structured capital, project finance?