From Baseload to Flexibility: The Redefinition of Infrastructure Value in the Energy Transition

From Baseload to Flexibility:
The Redefinition of Infrastructure Value in the Energy Transition

For decades, energy infrastructure operated within a stable industrial logic: electricity demand was predictable, and supply was provided by dispatchable, centralised sources. Power generation fell into two distinct categories – baseload plants running continuously to meet minimum system needs, and peaking plants activating during demand surges. Capital flowed to coal, gas, and nuclear assets designed for high utilisation and efficiency. Utilities, operating under vertically integrated models, were the natural developers and owners of this infrastructure.

But the energy transition has rendered this model obsolete. The combined forces of technological change, energy independence, and capital constraints are reshaping both what we build and who delivers it.

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