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Pax Electricana

Saul Griffith · 19 Apr 2026

Read the piece on energyandstuff.substack.com ↗

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  1. In this context, middle powers - states large enough to matter, yet too small to dominate - face a choice: drift in a unipolar petro-legacy order, become satellites of a superpower bloc, or forge a new industrial architecture that neutralises over-reliance on any single geopolitical pole.
  2. The molecules-to-electrons transition in heavy industry requires not just cheap electricity but new processes, new equipment, new supply chains, and patient capital willing to back first-of-a-kind plants and long and uncertain capital cycles.
  3. The trade of the future isn't tankers of LNG. It's shiploads of green iron and aluminium and lithium (and ammonia and copper and ...) - molecules that carry clean electrons inside them.

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