The BitWatt investment thesis anticipates the convergence of energy and data management as one seamlessly engineered solution. Energy is increasingly needed for computational work. The internet, with all of its necessary data-centers, is the largest growing consumer of power. By some estimates it consumes 8% of the electricity produced in the developed world with an expectation to double in 4 years. This conjoined sector is ripe for analysis and optimization.
Our challenge is to synthetically construct the best global energy company by constructing a long/short portfolio of 50 listed energy majors that represent a diverse mix of sectors and regions. We include European utilities, Japanese gas traders, global oil service providers, Chinese coal producers, and many more.