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Blake Angelo

Blake Angelo

Partner at FMI Corporation, co-leading the firm's Energy & Power strategy consulting team.

Sep 8, 2026

1:58
How would you characterize the level of investment we're seeing across the energy and power sector today?
2:03
We are in a pretty phenomenal moment in the history of the energy and power sector.
2:09
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.
2:24
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.
2:40
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.
3:00
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.
3:16
And what's driving that is multifaceted.

19 MINS LATER

22:11
So I'm curious from your perspective, how does that challenge change when the focus shifts from winning it to executing it?

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