THE GRID
Data Centers Now Use More Power Than Saudi Arabia
I read a stat last week that I can't stop thinking about.
A new UN report said data centers used 448 terawatt-hours of power in 2025. If they were a country, they'd rank 11th in the world. Ahead of Saudi Arabia.
And that number is about to double.
By 2030, the UN projects data center power use will hit 945 TWh. AI alone will drive 40% of that load.
The total? Roughly 3% of all the power on earth.

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Most people read that and think "tech story." I read it and think "grid story." A massive one.
Someone has to build the wires. The substations. The plants. The poles.
Right now, nobody has enough of any of it.
S&P Global put a price tag on it in April. U.S. energy utilities alone plan to spend close to $1.3 trillion from 2026 through 2030.
That's just the domestic tab. Grid upgrades, new plants, and demand from AI and EVs are all pulling the same way.
Follow the money and you can see it. Constellation Energy posted Q1 revenue of $6.79 billion after announcing its Calpine deal in January. Eaton — which makes the power gear inside data centers — hit a record $6.4 billion in Q1 revenue on 9% organic growth.
These aren't small moves.
The UN report also flagged a trap. It cited the Jevons paradox. As AI gets cheaper, people use more of it.
Efficiency gains don't shrink the load. They grow it.
We saw this with coal in 19th-century England. We saw it with cars. We're seeing it now with AI.
Each new model uses less power per query. But total power use still climbs because usage explodes.
The EIA backs this up. It expects 86 GW of new power to hit the U.S. grid in 2026 — a record. Most of it is solar and storage.
In Texas alone, solar will beat coal-fired power for the first time in 2026 — 78 billion kilowatt-hours on the ERCOT grid.
But even a record build-out may not be enough. The demand line keeps moving higher. Supply runs to catch up. Demand moves the goalposts.
So what does this mean for your money?
AI growth is grid growth. The UN just stamped a number on it. And the $1.3 trillion build-out to match it — just in the U.S., just through 2030 — is the biggest power spend of our lifetimes.
Trump's New Dollar
Something strange is happening to your money.
It wasn't voted on. It wasn't debated in the Senate. And most Americans have no idea it's even taking place but…
Not with crypto. Not with a digital currency. Something far bigger than that – and it's already been signed and sealed in the back rooms of D.C., ready to be issued by the U.S. Treasury.
Bypassing every legal and political channel under the guise of "national security," Trump has enacted this total money reset using a landmark executive order (1421).
Whether you’re a Democrat or Republican, whether you support this new money or not, it doesn't matter.
Soon, every U.S. citizen will be forced to use Trump's New Dollar to fill their gas tank, buy groceries, and pay medical bills.
Which is why I've produced a critical new documentary laying out exactly what Trump's New Dollar means for your savings, your investments, and your family's financial future.
Detailing three important steps you can take today to prepare – including the name of a core band of assets connected to Trump’s initiative that could surge as a result.
As you’ll see in my briefing, the last time America reset its money like this – under Richard Nixon’s presidency in the 1970s – it created one of the greatest wealth divides in the history of our nation.
On one side, it minted an average of 1,300 new millionaires a day for over half a century. And on the other… the folks left behind, drowning in debt, with no idea how to use America’s new money to create wealth.
As Trump rolls out his new dollar, the question is:
VOLTAGE
The Gas-Plus-Nuclear Power Plant Is Here
GE Vernova and a startup called Blue Energy just announced plans for something I haven't seen before. A single power plant that runs on natural gas first — then shifts to nuclear.
They're calling it the world's first "gas-plus-nuclear" facility.
The project is in Texas. It would deliver 2.5 GW to a nearby data center campus. Gas turbines come online as early as 2030. Small modular reactors follow as early as 2032.
The logic is clever. Nuclear takes years to permit. Gas plants go up fast. So you pair them.
Gas earns revenue from day one. Nuclear takes over later. Same site. Same grid connection.

New gas plants aren't cheap anymore. BloombergNEF says costs have surged 66% in two years. A combined-cycle gas turbine ran under $1,300 per kilowatt in 2023. Today it's $2,157.
Lead times are 23% longer too.
Data center demand is straining the supply chain for turbines, transformers, and switchgear. PwC analysts say lead times for large power transformers now stretch to four years.
Builders can't wait a decade for pure nuclear. But they can't bet it all on gas at these prices. The hybrid model threads the needle.
GE Vernova will use its BWRX-300 small modular reactor design for the nuclear phase. Blue Energy handles the site and the data center offtake. The whole campus is built to hand off from one fuel source to the next.
If this Texas project works, expect copycats fast. The future of data center power may not be gas or nuclear. It may be gas then nuclear — at the same site, on the same grid tie.
WIRED IN
Signals From the Build-OutSignals From the Build-Out
Quanta Services (PWR) posted Q1 revenue of $6.23 billion — up 24% from a year ago. Total backlog hit $35.3 billion. Management raised full-year guidance to $26.7–$27.2 billion in revenue. When the company that strings the wire can't keep up with orders, something big is happening on the grid.
MasTec (MTZ) told a similar story. Its 18-month backlog reached a record $15.9 billion, up 24% year-over-year. MasTec raised its full-year revenue target to $13.65 billion. Both grid builders are now guiding well above where Wall Street started the year.
The money is flowing into the theme more broadly. The First Trust GRID ETF has pulled in nearly $2.5 billion in inflows year-to-date, pushing assets above $5 billion. Two years ago that fund barely got noticed. AI power demand changed that.
Brookfield and La Caisse agreed to acquire Canadian renewable producer Boralex for C$9 billion (~US$6.5 billion). The deal adds 3.8 GW of renewable and storage assets to Brookfield's portfolio. Over 90% of that capacity is under contract with an average duration of ten years. Smart money is locking in clean power at scale.

