While much of the market focuses on AI and disruptive tech, a quieter revolution is underway in the energy sector. Structural imbalances between supply and demand are pushing traditional and emerging energy companies back into the spotlight as foundational pillars of tomorrow’s economy. In a world where electricity scarcity is becoming real and strategic materials are once again in demand, companies tied to generation, fuel supply and infrastructure are defining the next wave of long-term value.

The energy sector has had a decade where it was perceived by investors as rather dull and cyclical. Pressure to decarbonise, the technology boom and other obstacles have marginalised conventional energy. Capital has flowed into software, cloud and semiconductors. By contrast, investment in new generation, infrastructure and mining has been very low over the long term.

This is now proving to be a major problem.

The world is entering a period where electricity demand is increasing structurally for…