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$1.9 Billion to Squeeze 23 Gigawatts From Wires We Already Own.

Sep 28, 2026

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5 min read

$1.9 Billion to Squeeze 23 Gigawatts From Wires We Already Own.

Swapping the cable takes months. A new line takes a decade to permit.

The Capital Current

Data Centers Will Pour $30 Billion Into Fuel Cells by 2030.

Sep 25, 2026

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5 min read

Data Centers Will Pour $30 Billion Into Fuel Cells by 2030.

Grid hookups are too slow. So the biggest power users are building their own.

The Capital Current

Chip Stocks Fell 5.9%. The $844 Billion Didn't Move.

Sep 24, 2026

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4 min read

Chip Stocks Fell 5.9%. The $844 Billion Didn't Move.

Turbines ordered now arrive in 2031. Nobody can take a substation back.

The Capital Current

43 Grid Emergencies Since May. That Used to Take 25 Years.

Sep 23, 2026

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4 min read

43 Grid Emergencies Since May. That Used to Take 25 Years.

A 1935 law now forces retiring generators to stay online. The Energy Secretary invokes it monthly.

The Capital Current

Power Hit $4,300 a Megawatt-Hour Last Wednesday. In September.

Sep 22, 2026

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4 min read

Power Hit $4,300 a Megawatt-Hour Last Wednesday. In September.

Operators had taken plants offline for repairs. Then temperatures ran 20 degrees above normal.

The Capital Current

Google's Deal Will Keep a 1977 Reactor Running to 2050.

Sep 21, 2026

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4 min read

Google's Deal Will Keep a 1977 Reactor Running to 2050.

The plant needed a €1 billion upgrade just to survive past 2030. One buyer changed that math.

The Capital Current

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A $20 Billion Data Center. Backed by a $1 Promise.

Oct 1, 2026

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4 min read

A $20 Billion Data Center. Backed by a $1 Promise.

A regulator called it an embarrassing legal fiction. The contract stands anyway.

The Capital Current

$2 Trillion Went Into Power This Year. The Gap Still Widened.

Sep 30, 2026

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5 min read

$2 Trillion Went Into Power This Year. The Gap Still Widened.

Gas is cheap and solar is at record lows. The shortage is in wires, not fuel.

The Capital Current

AI Got 10x More Efficient. Its Data Centers Used 50% More Power.

Sep 29, 2026

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4 min read

AI Got 10x More Efficient. Its Data Centers Used 50% More Power.

Cheaper compute means people run it constantly. Economists have a name for this trap.

The Capital Current

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