I Read One Number. It Hit Me Like a Brick.

Only 2 gigawatts are actually running. The gap is where the money is hiding.

AI Now Eats 31% of All Data Center Electricity.

Microsoft spent $41 billion on capex last quarter — about $450 million a day — and still can't build fast enough.

AI Server Power Jumped 84% in One Year

The number I'm watching is watts. Azure is sold out — not for lack of customers, but for lack of power.

Henrico County Has 37 Data Centers. Its Teachers Are Unplugging Chargers.

Wholesale power prices near Virginia's data center hubs are up 267% in five years. The red carpet has a bill.

Data Centers Cut Your Power Bill for a Decade. Now They're Raising It.

Every time data center capacity doubled, retail power prices fell 3.5%. That era just ended.

Texas Has 38 GW of Data Centers Planning to Skip the Grid

One project: a 1,950-acre West Texas campus with its own gas generators and no utility hookup.

BNEF Just Raised Its Own Forecast 83% — in Seven Months

By 2035, data centers alone would use as much electricity as India does today.

Blackstone and BlackRock Rarely Agree. They Just Did.

When the two biggest pools of private capital converge on the same bet, it stops being niche — it's consensus.

Amazon Is Crossing the Line This Quarter

Hyperscalers put 33 cents of every earned dollar into AI in 2023. J.P. Morgan says that number is 93 cents today.

Gas Turbine Prices Tripled Since 2019. The Waitlist Runs Past 2030.

The fuel is still $3 per MMBtu. The machine that burns it now costs $2,157 per kilowatt to build.

NextEra Just Paid a 23% Premium to Buy Dominion

Inside the $67B all-stock deal that just filed to become the world's largest utility — and the $2.25B headed back to customers.

74 Gas Plants Being Built Right Now — None of Them for You

Together they'd release as much greenhouse gas as all of Australia does in a year.

Machines just beat homes on the grid — for the first time

The EIA's July forecast made it official. Data centers pushed commercial past residential in 2026.

Google's power use is up 250% since 2019

One company. A 37% jump in a single year. Grid planners didn't build for this. Runner-up: Option 5 ($725B).

AI servers burned 175 TWh this year. Up 84% in 12 months.

Regular servers grew 1%. Same building. Two very different machines.

86 GW of new power. The crunch isn't fading.

Battery storage is doubling — 15 GW last year, 24 GW this year — but AI campuses keep landing in the same few zip codes.

Machines just passed homes in power use. First time ever.

The EIA's July report puts it in plain numbers: commercial at 1,550 billion kWh, homes at 1,508 billion kWh in 2026.

The DOE just committed $17.5 billion to nuclear

Each partner has to put up $1 billion in equity before the government opens the vault.

Power hit $2,000/MWh on PJM last Thursday

The Western Hub benchmark settled at $1,222.75 — nearly triple last summer's peak.

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.