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The AI Power Gap Is 32 GW. Bigger Than NYC’s Entire Grid.

Oct 26, 2026

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4 min read

The AI Power Gap Is 32 GW. Bigger Than NYC’s Entire Grid.

Morgan Stanley counted every backup gas plant and every spare grid watt. Still came up short.

The Capital Current

Goldman Called Power "The Forever Bottleneck"

Oct 23, 2026

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3 min read

Goldman Called Power "The Forever Bottleneck"

That's from a 47-page report on $7.6 trillion in AI spending — and the grid is where the math falls apart.

The Capital Current

Hyperscalers Get the Power. Households Get the Bill.

Oct 22, 2026

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4 min read

Hyperscalers Get the Power. Households Get the Bill.

Utilities have filed $23.1 billion in rate hike requests so far this year. The Q3 filing alone was the highest third quarter on record.

The Capital Current

Dead Coal Plants Have Something No One Can Build Fast: a Grid Connection

Oct 21, 2026

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4 min read

Dead Coal Plants Have Something No One Can Build Fast: a Grid Connection

A $4B Bloom fuel cell plant for Google in Wyoming. A 960 MW nuclear deal with Amazon in Indiana. Same utility, one week.

The Capital Current

Venture Global Ordered 11.5 GW of Gas Turbines. Zero Go to the Grid.

Oct 20, 2026

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4 min read

Venture Global Ordered 11.5 GW of Gas Turbines. Zero Go to the Grid.

Each power island is 720 MW. They run on Venture Global’s own gas, on its own land, with no utility contract.

The Capital Current

Meta’s Hyperion Campus Carries $27 Billion in Debt. None of It Is on Meta’s Books.

Oct 19, 2026

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4 min read

Meta’s Hyperion Campus Carries $27 Billion in Debt. None of It Is on Meta’s Books.

Across the whole industry, $1.4 trillion in data center debt sits off-balance-sheet right now.

The Capital Current

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The Latest

A 500 MW Data Center Pulled City-Scale Power. It Followed Zero Mandatory Rules.

Oct 29, 2026

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4 min read

A 500 MW Data Center Pulled City-Scale Power. It Followed Zero Mandatory Rules.

The threshold is 50 MW at 100 kilovolts. The big campuses already straining the grid are in scope.

The Capital Current

Anthropic’s S-1 Buries a $542 Billion Power Bill

Oct 28, 2026

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4 min read

Anthropic’s S-1 Buries a $542 Billion Power Bill

That number doesn’t include the extra $125 billion they stacked on for capacity starting in 2028.

The Capital Current

$55.8 Billion. One Quarter. One Company. Tomorrow.

Oct 27, 2026

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4 min read

$55.8 Billion. One Quarter. One Company. Tomorrow.

BofA thinks Alphabet’s 2027 capex lands near $300 billion. With upside risk.

The Capital Current

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