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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

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

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

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The Latest

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

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