E44: The Great Energy Expansion
KEY TAKEAWAYS
- Citi’s upcoming Global Energy Conference will address the significant energy expansion required to meet rising AI and data center power demand, bringing together over 100 companies from across the energy value chain.
- This unprecedented demand is driving upstream oil and gas consolidation and a strategic re-evaluation of the power generation mix, with nuclear, renewables, and natural gas poised to grow to ensure grid stability.
- The energy industry is rapidly adopting AI and technology to boost efficiency, while regulators work to ease red tape, ensuring the U.S. has the power generation capacity to support its leadership in AI.
Anne Malone, North America Head of Research, sits down with Scott Gruber, who covers the U.S. Exploration and Production & U.S. Oilfield Services and Equipment Sectors, to discuss hot topics for Citi's Global Energy Conference in Las Vegas. Atop the list is AI, which has become the most important theme in the energy industry today, with the industry having made progress in tackling how to safely expand power-generation capacity in the U.S.
This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounting advice. This podcast is provided for information purposes only and does not constitute an offer or solicitation to purchase or sell any financial instruments. The contents of this podcast are not based on your individual circumstances and should not be relied upon as an assessment of suitability for you of a particular product, security, or transaction. The information in this podcast is based on generally available information and, although obtained from sources believed by Citi to be reliable, its accuracy and completeness are not guaranteed. Past performance is not a guarantee or indication of future results. This podcast may not be copied or distributed, in whole or in part, without the express written consent of Citi. © 2025 Citigroup Global Markets Inc. Member SIPC. All rights reserved. Citi and Citi and Arc Design are trademarks and service marks of Citigroup Inc. or its affiliates and are used and registered throughout the world.
Anne Malone, North America Head of Research, Citi
Anne Malone was named Head of NAM Equity Research 2022; promoted from Deputy Director, a role she held since 2018. Anne started at the firm in 1996 as an Analyst covering Medical Technology stocks. She has held several positions since then, in both Equity Research and Citi Asset Management, taking on roles that utilized her analytical, product, and people skills. Prior to joining Citi, she was a Medical Device Analyst at Bear Stearns. Anne graduated from the St Leo College with a degree in Finance and a minor in Economics. She is a Chartered Financial Analyst.
Scott Gruber, U.S. Exploration and Production & U.S. Oilfield Services and Equipment Analyst, Citi
Scott Gruber is a Senior Analyst at Citi Research leading the team covering the US Exploration & Production (E&P) and US Oilfield Services & Equipment (OFS) sectors. Prior to joining Citi in 2014, Scott was the Senior Analyst at Sanford C. Bernstein covering US Oil Services & Equipment. Over the past decade, Scott has repeatedly been voted as one of the top analysts in US Oilfield Services & Equipment in Institutional Investor's All-America Research poll, including multiple top three rankings.
