Show Notes
We are back for Part 2 of Shayle’s double header conversation with the veteran energy analyst Nat Bullard, dissecting his annual presentation on the state of decarbonization.
If you missed it, we recommend you go back and listen to Part 1, which was released last week.
In this episode, Shayle and Nat shift their focus from data centers to exploring other intriguing trends found in the data that Nat assembled—from the surprising resilience of clean energy stocks to the rising costs of solar installations in the US.
Shayle and Nat dig into more topics including:
Why the S&P Global Clean Energy Transition Index outperformed the S&P 500 and Nasdaq last year
The steep drop in U.S. energy startup investment—from $8 billion in 2022 to just over $2 billion in 2025—and why Shayle thinks 2026 will see a massive rebound
The impacts of an enormous oversupply of oil
China’s skyrocketing share of global vehicle production
The remarkable pace of residential battery storage adoption in Australia
Resources
Nat Bullard’s full 2026 presentation
Catalyst: 2026 trends: Gas turbines, Texas’ load queue, and China electrifies
Catalyst: 2025 trends: aerosols, oil demand, and carbon removal
Catalyst: More 2025 trends: DeepSeek, plug-in hybrids, and curtailment
Latitude: The year resiliency investment began to go mainstream Credits: Hosted by Shayle Kann. Produced and edited by Max Savage Levenson. Original music and engineering by Sean Marquand. Stephen Lacey is our executive editor.
Catalyst is brought to you by Uplight. Uplight activates energy customers and their connected devices to generate, shift, and save energy—improving grid resilience and energy affordability while accelerating decarbonization. Learn how Uplight is helping utilities unlock flexible load at scale at uplight.com.
Catalyst is brought to you by Antenna Group, the public relations and strategic marketing agency of choice for climate, energy, and infrastructure leaders. If you're a startup, investor, or global corporation that's looking to tell your climate story, demonstrate your impact, or accelerate your growth, Antenna Group's team of industry insiders is ready to help. Learn more at antennagroup.com.
More from Catalyst with Shayle Kann
As data center-driven load growth continues to rise, hyperscalers are turning to natural gas – both in front of and behind the meter — to secure power. But whether the natural gas pipeline system has the bandwidth to support this surging demand remains far from certain.
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It’s been a wild few years for grid-scale batteries in Texas. At the start of the decade, the Lone Star State was home to roughly 200 megawatts of battery capacity. Today, that number has skyrocketed to seventeen gigawatts…with at least five more gigawatts expected to come online by the end of 2026.
This is a partner episode, brought to you by Bloom Energy.
Dual-use technologies and the rise of defense tech are having a moment. But how does the defense sector approach innovations in energy that may be necessary to optimize its fleets?