Professional experience includes working at a global asset manager with ~$200+ billion AUM focused on Sustainable Investing. Prior to joining Lazard in 2021, Shanu was a Vice President and Head of ESG at First Eagle Alternative Credit, a $20 billion+ alternative asset manager.
Previous experiences include Strategic Finance at Expanse (acquired by PANW for ~$1 billion) and Tech/ Healthcare M&A banking at Evercore (~$40 billion of transaction experience).
Learn more about shanu
Climate, Investing, NBA, & Rap. SVP, Portfolio Manager – Sustainable Investing. Prev: Head of ESG, HY Credit, Startup (acq.) IB. Own Views. RTs ≠ endorsement.
Financial Services
Chicago, IL
Bain:
-Data center boom could require $2T+ in new energy resources globally
-US utilities face 7-26% generation increase by 2028, biggest challenge in decades
-44% of US load growth from data centers thru '28
-Utilities need 10%+ revenue requirement to fund required capex
PJM indicated that it planned to propose a 6mo delay in the timing of the upcoming 2026/2027 capacity auction based on a complaint by Sierra Club that it failed to account for RMR capacity. With additional time, it likely loosens up the market. Also wonder if it pushes more…
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Bad arguments for nuclear:
- renewables take up too much space
- renewables use too many materials
- batteries are bad
- you can't recycle batteries
- you can't recycle solar panels
- solar EROI is too low
- solar panels only last 20 years
- hail
- solar panels are "toxic"
-…
TYPO IN PRIOR TWEET (h/t @MichaelEWebber for catching). This is why I usually go photos with the quote but got lazy!
NPR Report: "All told, a mid-sized data center consumes around 300,000 gallons of water a day, or about as much as 1,000 U.S. households, says Shehabi of Lawrence…
Industry color: Gas turbine orders aren't typically announced until an interconnection agreement or PPA is put in place and the lead time for new gas turbines is effectively ~2-3 years. If you don't have the interconnection or PPA, timeline could be 5-6 years. New orders today…
Interesting color from WEFTEC: "heard ~90% of existing PFAS treatment solutions deployed in the field use granular activated carbon (GAC), but ion exchange has its uses particularly under tight space constraints"
When a warming climate starts to impact consumers' livelihoods, it'll start to be a serious political issue. Especially in a swing state like Arizona.
"Gasoline is often the energy cost voters think about most. But in Arizona, electricity is giving it a run for its money. Rate…
This is fantastic and spot on both topics: nuclear (not some silver bullet and real obstacles to increasing share of overall power generation in future) and the economy (on a relative basis and across multiple metrics that assess the overall strength/stability of the economy, one…
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It has been a turbulent month in the financial sector, which could have big implications for the world of energy. Mobilising capital is vital for achieving international goals to curb greenhouse gas emissions and to adapt to the impacts
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