Skylar CIO: AI & Power Story Will Play Out Over Years
TL;DR
Bill Perkins discusses a new ETF built around short-dated electricity futures in PJM and ERCOT, saying it gives investors direct exposure to power pricing rather than to utilities themselves. He argues the product is timely because electricity demand is expected to grow, driven by manufacturing reshoring, data centers, and the broader AI buildout. He speaks with Romaine Bostick on "The Close. " (Source: Bloomberg).
Nauti's Take
Treating power as its own asset class is a genuinely interesting angle, because data centers, reshoring, and the AI buildout could carry demand for years. The risk sits in the instrument itself, since short dated electricity futures are volatile and track weather and grid constraints more than any AI trend.
For AI teams, their own power exposure stays the more practical metric than the ETF.
Summary
Bill Perkins discusses a new ETF built around short-dated electricity futures in PJM and ERCOT, saying it gives investors direct exposure to power pricing rather than to utilities themselves. He argues the product is timely because electricity demand is expected to grow, driven by manufacturing reshoring, data centers, and the broader AI buildout.
He speaks with Romaine Bostick on "The Close. " (Source: Bloomberg)
Sources