
Blake Angelo
Partner at FMI Corporation, co-leading the firm's Energy & Power strategy consulting team.
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Sep 8, 2026
Inside FMI's First 'Energy & Power Overview'
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1:58Scott WinsteadHOST
How would you characterize the level of investment we're seeing across the energy and power sector today?

Blake AngeloGUEST
We are in a pretty phenomenal moment in the history of the energy and power sector.

Blake AngeloGUEST
And as a lot of folks who are paying attention to the sector might be reading, directionally, we've got over the next five years about a trillion dollars of capital planned to go into various energy and power subsectors across the United States.

Blake AngeloGUEST
Of that, about half is in transmission and distribution, with $300 billion going into distribution investments, single largest driver of our energy and power forecast out over the next five years, Scott.

Blake AngeloGUEST
And excitingly, We've got the fastest growth, although not the largest in terms of spend, the fastest growth in terms of spend is in our transmission network being driven by a lot of these both high voltage mega projects, as well as just the build out of our overall transmission grid as needed to serve load.

Blake AngeloGUEST
When we think about what that translates to on an annual basis, where we've been at about $158 billion a year in spend, we're headed to about $255 billion a year in spend, roughly 10% compounded annual growth rate.
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22:11Scott WinsteadHOST
So I'm curious from your perspective, how does that challenge change when the focus shifts from winning it to executing it?