Guest Editor’s Letter: The Energy Issue

The world has a power problem. The transition from carbon energy means electrification: That’s electric vehicles, of course, but also heat pumps to warm our homes, giant electric furnaces to recycle steel, and electrolyzers to make green hydrogen. When you layer on top artificial intelligence’s insatiable need for data centers, global electricity demand is only accelerating. In this Energy Issue of Bloomberg Markets, we cast a global lens over the challenge.

Our US power reporter Naureen Malik lays out the pressure all this is putting on power grids, which require hundreds of billions of dollars in investment. Her European counterpart, Will Mathis, traveled to Norway to delve into one specific pain point: the demand for high-voltage copper cables.