4th Annual AGM

Wednesday May 27 - Friday May 29

Op Co Growth & Emerging Tech

No matter who the next President of the United States will be, it is hard to imagine a return to US hegemony. This is not to say that the US will fade into irrelevance. Far from it. The US is moving quickly in AI, Datacenters, Energy (incl new build nuclear), and other areas. But the rest of the world is setting a new course, heading for self-reliance. Last year, this group also set a new course aimed at better integrating our combined Holdings. Now is our chance to capitalize on it.

Our Emerging Co’s are the best path to sustainable, long-term growth for our Op Co’s.

By pooling resources and by implementing a “Circle the Wagons” strategy, we are uniquely positioned to grow our early-stage companies (Emerging Co’s) while strengthening our Mid-Large cap companies (Op Co’s). Drawing upon the complementary strengths from within our group, there are many avenues to creating a more sustainable, equitable, and prosperous world for all, while ensuring the financial health of each members’ portfolio.  

Here are some mega trends that we are likely to review during the May 2026 AGM.

AI& New Nuclear|$670B for Datacenters in 2026 alone

Hyperscalers and the DOE are moving money into datacenters and new-build nuclear. The 2026 investment plans of 4 US companies (MSFT, Meta, Amazon, and Alphabet) to build out datacenters comes to $670B. This enormous outlay creates demand for all kinds of energy including new nuclear and enhanced geothermal. Advances in Material Sciences are creating new Fiber Optic cables, Semiconductor Chips, and novel materials that outperform current offerings in every way.

Holtec received $400M from the DOE to build two SMR-300 PWRs in Palisades, Michigan and restart the existing site.

In March 2026, the NRC approved construction for a TerraPower nuclear plant (Bill Gates).

Fervo Energy closed $421 M in debt financing for a 500 WM enhanced geothermal project.

Defense | EU investment increased 62.8% between 2020 - 2025

According to the Council of the EU, Defense spending in 2025 reached €381B; a dramatic increase from just 5 years ago. By 2030, this figure is expected to be €800B, driven mainly by questionable US commitment to NATO and the threat of Putin’s war extending beyond Ukraine. While US technology will always be relevant, the EU is primarily focused on “Buying European” to reduce reliance on any foreign countries. European based companies known for innovative engineering and high-quality material sciences stand to gain. For our purposes, we look for dual-use technologies (i.e. drones and filtrations systems).

EU Climate Initiatives | Heavy Industry, Textiles, and Energy

Even as the US pulls out of the Paris Climate Agreement (again), Europe is moving forward with initiatives such as CBAM. As of Jan 1st, 2026, the greatest financial burden falls on Large-cap importers of products with high emissions (i.e. steel, cement, and aluminum). The Industrials (i.e. Henkel) and Textile sectors (i.e. C&A) are also required to pay for carbon offsets or adopt more sustainable practices. In the short term, these companies face an ‘adapt or pay’ scenario that increasingly pressures their bottom-lines. In the long term, however, these regulations will lead to efficiency gains and reduced emissions. Given the robust portfolio of proven Waste-to-Value, CCUS, and alternative energy technologies in this group, the growth potential is significant thanks to regulations.

These are some of the trends that will benefit the group’s overall portfolio, but there are many more to consider (such as Luxury Goods and High-End Hospitality).

By pooling our combined expertise, Families and SWFs we can ensure growth for the most transformative emerging solutions and help our Op Co’s expand through efficiency gains.