Blackstone Analyst Highlights U.S. Permitting Delays as Energy Bottleneck
What happened
David Foley, global head of Blackstone Energy Transition Partners, spoke at the Dow Jones Energy Forum in New York City. He stated that lengthy regulatory processes are a major obstacle to expanding U.S. power supplies. Foley compared the U.S. process to China, noting that in China, engineers are brought in first, while in the U.S., lawyers often appear first.
From dowjones.com
Why it matters
Rising electricity demand, partly driven by AI and data centers, is creating investment opportunities for grid equipment manufacturers and engineering firms. Foley projected that U.S. natural gas demand, including exports, will increase by about 22% over the next five years.
From dowjones.com
Who's involved
- David FoleyGlobal head of Blackstone Energy Transition Partners, discussed energy permitting challenges.
- Digital ChinaMentioned in comparison to U.S. energy permitting processes.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Consolidated EdisonSpeculative
Might face increased operational costs due to permitting delays constraining necessary grid infrastructure upgrades.
- New YorkSpeculative
May see slower deployment of energy projects because of national permitting bottlenecks.
Keep exploring
The entities involved
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David Foley
researcher
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S&P Global
American publicly traded corporation, formerly McGraw Hill Financial, Inc
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New York City
most populous city in the United States