The largest infrastructure investment cycle in history is constrained by POWER and WATER
Chairman Peter Lake has
reformed, regulated, and financed that infrastructure
Leveraging his unique understanding of the operational, financial, regulatory, policy, and political systems that will define the next decade of American infrastructure investment enables Cardinal Rose to deliver unparalleled results.
THE OPPORTUNITY
Capital is not the constraint - power, water, and interconnection are…
$6.7 Trillion
Projected global data center capital expenditure by 2030
125 GW
Incremental AI data center capacity to be added by 2030
7 Years
Average wait for a 100 MW grid connection in Northern Virginia
…and those constraints are holding back an avalanche of investment.
THE EXPERIENCE
The only person to have led one of the world’s largest power grids and one of the world’s largest water infrastructure banks — and the first to serve as Senior Director of Power at the White House.
$8.5 Billion
Infrastructure financing led - including an unprecedented grid securitization financing and billions for water projects - between 2018 and 2023.
26 Million
ERCOT customers under oversight
$20 Billion
Annual ERCOT market operations managed
THE WHITE HOUSE
“Peter has been a driving force behind our defining power initiatives”
U.S. Secretary of the Interior and Chairman of the National Energy Dominance Council Doug Burgum
“Peter’s extensive electric grid experience, intelligence, and passion…has been critical to advancing President Trump’s energy agenda.”
U. S. Secretary of Energy and Vice Chairman of the National Energy Dominance Council Chris Wright
TEXAS
Led one of the largest power grids in the world (ERCOT) through the biggest crisis in its history as Chairman of the Public Utility Commission of Texas.
“With Lake at the helm of the [grid], we have ensured that no Texan has lost power due to the state grid.”
HURRICANE HARVEY
Governor Abbott appoints Lake to the Texas Water Development Board
Led one of the world’s largest water infrastructure banks through critical growth and market turmoil as Chairman of the Texas Water Development Board.
“Texas Reimagines the Fight Against Floods” after Hurricane Harvey”
“States Prepare to Spend Millions to Address Flooding”
THE LEADERSHIP
Chairman Lake is a nationally recognized energy and infrastructure leader who brings a rare combination of power and water expertise and experience to the era of AI infrastructure expansion. He is the only executive in America to have simultaneously held both operating and regulatory authority over a major U.S. power grid and to have led the world’s largest water infrastructure planning and financing institution. Tasked with stabilizing the Texas power grid after Winter Storm Uri – the most catastrophic power grid failure in U.S. history – he implemented once-in-a-generation reforms before being called to Washington as the first senior White House official ever designated to manage national power grid policy. His understanding of the operational, financial, regulatory, and political systems that will define the next decade of American infrastructure is unparalleled.