Home | The Capital Current

featured articles

Dead Coal Plants Have Something No One Can Build Fast: a Grid Connection

Oct 21, 2026

•

4 min read

Dead Coal Plants Have Something No One Can Build Fast: a Grid Connection

A $4B Bloom fuel cell plant for Google in Wyoming. A 960 MW nuclear deal with Amazon in Indiana. Same utility, one week.

The Capital Current

Venture Global Ordered 11.5 GW of Gas Turbines. Zero Go to the Grid.

Oct 20, 2026

•

4 min read

Venture Global Ordered 11.5 GW of Gas Turbines. Zero Go to the Grid.

Each power island is 720 MW. They run on Venture Global’s own gas, on its own land, with no utility contract.

The Capital Current

Meta’s Hyperion Campus Carries $27 Billion in Debt. None of It Is on Meta’s Books.

Oct 19, 2026

•

4 min read

Meta’s Hyperion Campus Carries $27 Billion in Debt. None of It Is on Meta’s Books.

Across the whole industry, $1.4 trillion in data center debt sits off-balance-sheet right now.

The Capital Current

One Grid up 41%. The Next One Down 23%. Same Country, Same Report.

Oct 16, 2026

•

4 min read

One Grid up 41%. The Next One Down 23%. Same Country, Same Report.

The national average blends the spike with the drop and calls it 11%. Investors watching only the average will miss the trade.

The Capital Current

DOE Declared a Grid Emergency on Monday. The Month Was October.

Oct 15, 2026

•

5 min read

DOE Declared a Grid Emergency on Monday. The Month Was October.

That’s not a winter storm or a heat wave. It’s a routine fall maintenance week — with 61,591 MW of generators already offline for repairs.

The Capital Current

Google Just Signed a 20-Year Nuclear Deal for 890 MW — All From Old Reactors

Oct 14, 2026

•

4 min read

Google Just Signed a 20-Year Nuclear Deal for 890 MW — All From Old Reactors

The deal: upgrade 11 existing reactors across three states. First new megawatts arrive by 2028.

The Capital Current

...

The Latest

The AI Power Gap Is 32 GW. Bigger Than NYC’s Entire Grid.

Oct 26, 2026

•

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

Goldman Called Power "The Forever Bottleneck"

Oct 23, 2026

•

3 min read

Goldman Called Power "The Forever Bottleneck"

That's from a 47-page report on $7.6 trillion in AI spending — and the grid is where the math falls apart.

The Capital Current

Hyperscalers Get the Power. Households Get the Bill.

Oct 22, 2026

•

4 min read

Hyperscalers Get the Power. Households Get the Bill.

Utilities have filed $23.1 billion in rate hike requests so far this year. The Q3 filing alone was the highest third quarter on record.

The Capital Current

Read All Articles