SmarterMarkets™ Setting Course 2026 Episode 2 | Arjun Murti, Partner at Veriten & Publisher of "Super-Spiked" on Substack
Jan 17, 2026
Arjun Murti, a Partner at Veriten and publisher of the Super-Spiked Substack, brings his deep expertise in energy markets to the discussion. He highlights three major themes for 2026: energy access, a power supercycle, and the convergence of tech and energy. Murti argues that electrification is accelerating due to security and affordability needs, emphasizing the importance of regional energy strategies. He also critiques the divisive peak demand narratives while advocating for depoliticized energy choices and investment opportunities in power infrastructure.
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Power, Not Oil, Is The New Supercycle
- The next major energy supercycle is driven by power, not oil, as electrification and digital demand rise globally.
- This power surge is global and changes investment focus toward electricity infrastructure and firm supply.
Prioritize Availability And Affordability
- Energy policy should respect a hierarchy: availability and affordability first, then geopolitical security, then sustainability.
- Getting the ordering right makes transitions pragmatic and aligned with economic development.
China's Renewables Drive African Growth
- China dumping renewables into Africa is spurring economic growth and ironically increasing oil demand.
- Arjun uses this to show new energy tech can expand overall energy consumption, not just replace fossil fuels.