The Deal Podcast

Can Infrastructure Be a Profit Center? How Ken Bernhard Turned Central Plants into Cash Flow


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What if your infrastructure wasn’t just a cost center but a source of recurring revenue?

In this episode of The Deal Podcast, energy developer and fourth-generation entrepreneur Ken Bernhard breaks down how his firm is flipping the script on mechanical systems, turning legacy utility plants into modern revenue engines.

Ken shares:

  • How his family legacy sparked a new model for financing and operating infrastructure
  • Why large institutions like hospitals and universities should outsource energy management
  • What makes a deal truly “off balance sheet” and why that matters
  • His partnership story with the Dallas Cowboys and the AT&T Stadium retrofit
  • Why AI and smart O&M are the future of long-term asset performance

This episode is packed with strategic insight for investors, CFOs, and developers looking to future-proof their assets and generate real returns from infrastructure.

Learn more about Ken’s work: https://www.linkedin.com/in/ken-bernhard-8b21a213/

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The Deal PodcastBy Joshua Wilson