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Morgan Stanley Says One Gigawatt of AI Power Costs $49 Billion

Nov 5, 2026

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4 min read

Morgan Stanley Says One Gigawatt of AI Power Costs $49 Billion

Eaton’s data center orders are already up more than 100%. Someone is cashing in fast.

The Capital Current

Georgia Power Customers Could Save $950M a Year. OpenAI Is the Reason.

Nov 4, 2026

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4 min read

Georgia Power Customers Could Save $950M a Year. OpenAI Is the Reason.

That’s 700,000 homes worth of load — and the utility gets to flip the switch during any heat wave or storm.

The Capital Current

Alphabet Shed $500 Billion in a Single Session

Nov 3, 2026

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4 min read

Alphabet Shed $500 Billion in a Single Session

The capex that triggered it: $51.4 billion last quarter, pouring into data centers and the power to run them.

The Capital Current

Quanta Booked $12 Billion in One Quarter — and Backlog Still Grew $10 Billion

Nov 2, 2026

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4 min read

Quanta Booked $12 Billion in One Quarter — and Backlog Still Grew $10 Billion

The high-voltage 765kV lines for Texas, Ohio, and MISO haven’t been booked yet. That wave hits in early 2027.

The Capital Current

Three Tech Firms Just Announced $595 Billion in Capex. That’s a Power Order.

Oct 30, 2026

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3 min read

Three Tech Firms Just Announced $595 Billion in Capex. That’s a Power Order.

Global data center power demand hits 161 gigawatts this year — a 31% jump from 2025.

The Capital Current

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

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Voters Rejected Data Centers 40 Out of 41 Times

Nov 10, 2026

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4 min read

Voters Rejected Data Centers 40 Out of 41 Times

Jefferies called the AI capex peak the same week it happened.

The Capital Current

Today the Senate Votes. $8.5 Trillion Is Waiting on the Answer.

Nov 9, 2026

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4 min read

Today the Senate Votes. $8.5 Trillion Is Waiting on the Answer.

One bill decides whether the permits come loose — or the queue stays frozen.

The Capital Current

40,000 MW of Power Is Sitting in a Tucson Boneyard

Nov 6, 2026

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3 min read

40,000 MW of Power Is Sitting in a Tucson Boneyard

GE Vernova’s new gas turbines are sold out through 2030. So the industry drove to the desert.

The Capital Current

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