Barclays_Global_Portfolio_Manager_s_Digest_Into_the_Future

CrossAssetResearch28April2024GlobalPortfolioManager'sDigestFOCUSIntotheFutureEquityProductManagementGroupTerenceMaloneWeprovidecontextandperspectiveonresearchacrossregions+12125267578andassetclasses,thisweekhighlighting:ourthoughtsontheterence.malone@barclays.comimpactofrenewablesongas-firedgeneration;theimpactofBCI,UStensionsintheMid-EastanditsimplicationsonIsraelandglobalmarkets;andalookintothefutureofpredictiveEarthRobBateobservationdata.+44(0)2077733576rob.bate@barclays.com•GasHerotoNetZero:Powerishavingamoment,withrisingelectricitydemandandhigherBarclays,UKprices(decouplingfromnaturalgas).InthecontextofmorerenewablesonthegridanddataFICCProductManagementGroupcentersconsumingmorebaseloadgenerationcapacity,thenaturalconcern–oropportunity,BenMcLannahandependingonone'sperspective–iswhethermuchmoredispatchablegeneration,suchas+44(0)2031349586naturalgas,willbeneededtosupplementandsmoothouttheinherentintermittencyofsolarben.mclannahan@barclays.comandwind.However,utility-scalebatteriesofferatechnology,alreadybeingdeployedinsomeBarclays,UKmarkets,thatcouldprovideanalternativetogasduringdemandpeaks.JenniferCardilli•Mid-EastTensions&theGlobalMarkets:Theunprecedenteddirectmilitaryconfrontation+12125268351jennifer.cardilli@barclays.combetweenIranandIsraelhasraisedfearsofbroaderescalation.WetakestockoftheBCI,USimpl...