Microsoft is getting a 2.67 GW gas plant. Just for one campus.

New grid hookups take five years or more. So Microsoft, Meta, and Amazon went around the grid entirely.

Last Chance for 4th of July Flash Sale

PJM's forecast peak could break a record set in 2006

That record stood before a single AI data center existed. Servers may topple it this week.

Texas cut its blackout odds from 3.1% to 0.43%. I'm still not relaxed.

Data center demand didn't disappear. It got pushed to the right — and the grid has to meet it when it lands.

Armed police at gas pumps. That's Russia right now.

Ukrainian drones hit 8 of Russia's 10 biggest refineries this year. Fifty-plus regions are rationing fuel.

NextEra isn't buying Dominion. It's buying Data Center Alley.

Data centers run 24/7, sign long deals, and pay top rates. That turns a bond proxy into a growth stock — and growth stocks attract deal makers.

The labs don't know. The utilities don't know. The hyperscalers don't know.

The spread between their best and worst guesses is six full percentage points. That's what makes this so hard to price.

Belgium paid €1,038 for power. For 15 minutes.

France lost 4 GW of nuclear the same week — right when people needed it most.

A county commissioner voted yes on a data center. He lost his primary.

57% of Americans oppose a data center in their town. That's your new supply constraint.