The US electrical grid is arguably the most significant bottleneck to economic growth in the 21st century. Land value is now increasingly inseparable from grid capacity. Driven by the AI data center boom, the electrification of transportation, and the reshoring of heavy manufacturing, the grid requires a $2.5 trillionmodernization effort over the next 15 years. For institutional investors, the grid represents an unparalleled opportunity: transmission REITs, battery storage underwritten as real estate, and the profound”grid-adjacency premium” reshaping commercial land valuations.