Value Chain
End-to-end exposure from clean energy generation to AI services delivery.
Click a stage to explore details
Complete Value Chain
Investment opportunities at every stage
Energy Sources
Primary energy generation from renewable and clean sources
Pipeline Opportunities
23
$10.4B
Power Generation
Converting primary energy to electricity at scale
Pipeline Opportunities
23
$10.4B
Grid & Storage
Transmission, distribution, and energy storage systems
Pipeline Opportunities
10
$12.5B
Data Centers
Physical infrastructure housing compute and storage
Pipeline Opportunities
16
$7.6B
AI Compute
Specialized hardware for AI training and inference
Pipeline Opportunities
7
$4.7B
AI Services
AI applications and services delivered to end users
Pipeline Opportunities
9
$1.7B
Investment Approach
How we capture value across the chain
Vertical Integration
Invest across multiple stages to capture synergies and reduce counterparty risk. Energy generation paired with DC demand creates natural hedges.
Strategic Positioning
Focus on bottleneck stages where supply constraints create pricing power. Grid infrastructure and specialized cooling are current constraints.
Risk Distribution
Balance technology risk (AI compute) with infrastructure stability (energy). Different risk profiles across stages enable portfolio optimization.