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U.S. Businesses Will Soon Use More Power Than Homes.

Sep 1, 2026

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4 min read

U.S. Businesses Will Soon Use More Power Than Homes.

Data centers now drive 55% of all U.S. demand growth. After two flat decades, the line snapped.

The Capital Current

The U.S. Has 378 GW of Gas Power in the Pipeline.

Aug 31, 2026

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4 min read

The U.S. Has 378 GW of Gas Power in the Pipeline.

Half of it — 189 GW — exists only because data centers can't wait for the grid.

The Capital Current

Aug 28, 2026

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4 min read

26 Broken Records. Prices Barely Moved.

ERCOT added 60 gigawatts since 2022. PJM added 22 — and saw prices spike 90%.

The Capital Current

$89 Billion. In One Quarter. From Data Centers.

Aug 27, 2026

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3 min read

$89 Billion. In One Quarter. From Data Centers.

Data centers are now 93 cents of every dollar NVIDIA earns — and next quarter's guide assumes zero China.

The Capital Current

The AWS Chief Now Sells Power. $10 Billion.

Aug 26, 2026

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3 min read

The AWS Chief Now Sells Power. $10 Billion.

KKR, NVIDIA, and a 50-gigawatt utility are behind it — power baked into the site, not bolted on.

The Capital Current

Aug 25, 2026

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4 min read

AI Capex Just Hit 93% of Cash Flow.

$697 billion spent this year against just $200 billion earned — and the cushion is gone.

The Capital Current

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The Latest

The Real AI Bottleneck Isn't Chips. It's Gas Turbines.

Sep 4, 2026

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4 min read

The Real AI Bottleneck Isn't Chips. It's Gas Turbines.

A data center shell goes up in 18 months. The gas plant to power it takes five years.

The Capital Current

You Can Write a Check for a Data Center. You Can't Buy a Transformer That's 4 Years Out.

Sep 3, 2026

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4 min read

You Can Write a Check for a Data Center. You Can't Buy a Transformer That's 4 Years Out.

Transformer lead times just hit 4 years. Demand for generator step-up transformers is up 274% since 2019.

The Capital Current

Energy Is Up 44%. Traders Only See One Reason.

Sep 2, 2026

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4 min read

Energy Is Up 44%. Traders Only See One Reason.

Goldman says U.S. data center demand jumps from 41 GW to 66 GW. The grid can't build that fast.

The Capital Current

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