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Google's power use is up 250% since 2019

Jul 14, 2026

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3 min read

Google's power use is up 250% since 2019

One company. A 37% jump in a single year. Grid planners didn't build for this. Runner-up: Option 5 ($725B).

The Capital Current
The Capital Current
AI servers burned 175 TWh this year. Up 84% in 12 months.

Jul 13, 2026

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4 min read

AI servers burned 175 TWh this year. Up 84% in 12 months.

Regular servers grew 1%. Same building. Two very different machines.

The Capital Current
The Capital Current
86 GW of new power. The crunch isn't fading.

Jul 10, 2026

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3 min read

86 GW of new power. The crunch isn't fading.

Battery storage is doubling — 15 GW last year, 24 GW this year — but AI campuses keep landing in the same few zip codes.

The Capital Current
The Capital Current
Machines just passed homes in power use. First time ever.

Jul 9, 2026

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4 min read

Machines just passed homes in power use. First time ever.

The EIA's July report puts it in plain numbers: commercial at 1,550 billion kWh, homes at 1,508 billion kWh in 2026.

The Capital Current
The Capital Current
The DOE just committed $17.5 billion to nuclear

Jul 8, 2026

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4 min read

The DOE just committed $17.5 billion to nuclear

Each partner has to put up $1 billion in equity before the government opens the vault.

The Capital Current
The Capital Current
Power hit $2,000/MWh on PJM last Thursday

Jul 7, 2026

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3 min read

Power hit $2,000/MWh on PJM last Thursday

The Western Hub benchmark settled at $1,222.75 — nearly triple last summer's peak.

The Capital Current
The Capital Current
...

The Latest

NextEra Just Paid a 23% Premium to Buy Dominion

Jul 17, 2026

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4 min read

NextEra Just Paid a 23% Premium to Buy Dominion

Inside the $67B all-stock deal that just filed to become the world's largest utility — and the $2.25B headed back to customers.

The Capital Current
The Capital Current
74 Gas Plants Being Built Right Now — None of Them for You

Jul 16, 2026

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3 min read

74 Gas Plants Being Built Right Now — None of Them for You

Together they'd release as much greenhouse gas as all of Australia does in a year.

The Capital Current
The Capital Current
Machines just beat homes on the grid — for the first time

Jul 15, 2026

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4 min read

Machines just beat homes on the grid — for the first time

The EIA's July forecast made it official. Data centers pushed commercial past residential in 2026.

The Capital Current
The Capital Current

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