Shanu Mathew
Where capital markets meet energy & infrastructure
A fascination with how the world gets powered and built turned into practical strategy and expertise. Currently an SVP and Portfolio Manager at a $250B+ global asset manager focused on Energy & Infrastructure Investing.
Portfolio Manager & Research Analyst
Professional experience includes working at a global asset manager with $250B+AUM focused on Energy & Infrastructure Investing. Prior to joining his current role in 2021, Shanu was a Vice President and Credit Analyst at First Eagle Alternative Credit, a $20B+ alternative asset manager.
Previous experiences include Strategic Finance at Expanse (acquired by PANW for ~$1B) and Tech/Healthcare M&A banking at Evercore (~$40B of transaction experience).
Signature Topics
AI & Power Infrastructure
How the AI compute buildout is reshaping electricity demand and grid investment.
Energy Abundance & Resilience
Translating energy and power-system dynamics into actionable investment frameworks and risk analysis.
Data Centers & Power Demand
Where hyperscale data centers get sited, powered, and procured — and how that demand reshapes power markets.
Transmission & Grid Reliability
Transmission, generation, and the buildout of reliable, large-scale power capacity.
Public Markets & Industrials
Integrating energy, power, and industrial factors into equity and credit analysis for long-term alpha generation.
Podcasts & Media
Dancing While the Music Plays: Clean Energy Equities Market
Energy Gang's 2025
AI and Power with Shanu Mathew
Who benefits from the AI power bottleneck?
From Wall Street to Clean Energy: Investing in the AI-Powered Power Grid
Data centers for AI will need to embrace flexibility
Recent Speaking
Atlantic Council - Powering Data Centers in Emerging Markets
Joined the Atlantic Council in London for the launch of Powering Data Centers in Emerging Markets. Discussed why power is now the gating factor for AI infrastructure as data center demand pushes into emerging markets, and why hybrid systems and aligned power/permits/equipment timelines are what determine project bankability.
Hannam & Partners Data Center Investment Webinar
Hosted 200 power & energy investors, execs, and management teams last week for a discussion on data center infrastructure and power markets. The big takeaway: the demand debate is over — signed DC leases hit 16.4 GW in 2025 vs 3.3 GW the year before. The conversation has moved to "who can actually deliver."
Rothschild/Redburn Energy & Power Conference
Investor Perspectives on Nuclear: Covered nuclear energy's potential role in meeting long-term compute infrastructure power requirements and grid reliability needs
Latest Posts
Data Centers: Focus on Energized GW in a Noisy World of Politics, Delays, and Cancellations
A follow-up to my December post on data center headwinds. Political blowback is accelerating, delays and cost inflation are real but partly structural, and triangulating across hyperscaler disclosures, frontier lab targets, and independent forecasts suggests ~15-20 GW of net US energized capacity adds in 2026.
Read Article →
Recognition
Elected to the Council on Foreign Relations Term Membership
The Council on Foreign Relations elected Shanu to a five-year term membership through its Stephen M. Kellen Term Member Program — its selective cohort cultivating the next generation of leaders in foreign policy across government, business, finance, law, media, and academia.
Each year a new class between the ages of thirty and thirty-six is elected to the program; fewer than 4,000 have been named term members since its inception.
Early Reviewer — Exponential View's State of the AI Economy
Exponential View tapped Shanu as an early, pre-publish reviewer of its inaugural State of the AI Economy report — Azeem Azhar's landmark study built on AI-spending data from 1,000+ companies — whose finding that AI revenue is beginning to justify the data-center buildout was covered by Bloomberg and seen more than a million times.
The report pegged generative-AI revenue (ex-China) at $110B over twelve months — scaling three times faster than the internet, mobile, or cloud — and showed Q1 2026 AI sales clearing data-center depreciation costs for the first time.
Heatmap News AM Briefing — Could We See the Breakup of PJM?
Heatmap News led its June 2026 AM Briefing with a question Shanu raised on X, naming him as the “climate-tech investor” behind it and calling it “a genuine open question”: could PJM, the nation's largest grid operator, break apart?
Typically, the rule of thumb in journalism is that the answer to a question headline is almost always “no,” otherwise the headline would simply state the fact. But this one is a genuine open question that climate-tech investor Shanu Mathew raised Monday in a post on X: Could PJM Interconnection, the nation's largest grid operator, break apart?
Open Circuit — America's Electricity Rage Is Here
Latitude Media's Open Circuit (June 2026) kept coming back to Shanu, as hosts Jigar Shah and Stephen Lacey (with Caroline Golin) repeatedly cited his data-center-and-power takes.
It's all Shanu, all the time. — Jigar Shah · Yeah, all Shanu. He's great, by the way. — Stephen Lacey
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