Summary
This report outlines the 2026 Energy and Industrials Outlook, focusing on the evolving dynamics in the industrial economy as demand surges against constrained capacity. It describes how hyperscalers are opting for immediate power solutions, such as natural gas and fuel cells, rather than adhering to previous decarbonization strategies. The report details the anticipated bottlenecks in energy supply chains, particularly in natural gas and battery materials, and emphasizes the critical role of water management in data centers. It also examines the implications of rising water tariffs and the shift towards water-efficient designs. The report highlights the competitive landscape for rare earth materials, noting the challenges posed by tariffs and geopolitical tensions. Additionally, it discusses the aerospace sector's recovery and the importance of resource security for companies navigating these challenges. Overall, the report presents a comprehensive view of the factors that will shape the industrial landscape in 2026.
