• THE GRID
The Vote Nobody's Watching
A Senate clerk calls the roll this afternoon. A 417-page bill is on the floor. Most Americans have never heard of it.
It could be the most important energy vote in a decade.
The Bipartisan American Affordability and Jobs Act — BAAJA — overhauls how America approves energy projects. Power plants. Transmission lines. Pipelines. Solar farms. It covers all of them. And it's technology-neutral.
Four senators wrote it. Capito and Lee on the right. Heinrich and Whitehouse on the left. They spent months on the details. The White House backed it. So did the American Petroleum Institute. So did the American Clean Power Association.
Oil and wind. Same side. That tells you how urgent the problem is.
"[This bill] will mean more energy on the grid, more good-paying jobs, and lower electricity costs for families and businesses."
The bill lands at a critical moment. Goldman Sachs raised its 2030 global data center forecast last week to 273 GW. That's up 26% from its July estimate of 217 GW. The bank sees 170 GW of new capacity needed in five years. At roughly $50 billion per gigawatt, the implied cost is $8.5 trillion.
Goldman 2030 Forecast
273 GW
| 5-Year Implied Spend
$8.5T
|
U.S. Capacity 2030
152 GW
| U.S. Share of Adds
~60%
|
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The U.S. needs the lion's share. Goldman now projects 152 GW of domestic capacity by 2030. Up from 125 GW. That's 103 GW of new builds — about 60% of all global additions.
But none of that gets built without permits.
A new transmission line can take a decade to approve. BAAJA would cap those timelines. It would give regulators new tools to break transmission jams. It would lock in approved permits so they can't be yanked mid-build. And it would require data centers to cover their own grid upgrade costs.
So why is the bill at risk?
Democrats swept the midterms last week. Some progressives want to scrap this deal. They want to write their own version next year with bigger majorities.
That bet could backfire. BAAJA took months to negotiate across four committees. A deal this broad may not come together again in a more partisan chamber.
The cloture vote today needs 60 senators. Sponsors say the numbers are there. But every month of delay means more projects stuck in queue. More gear on backorder. More families paying for a grid that can't keep up.
If this bill dies today, $8.5 trillion in data center spending hits the same permit wall that's already choking the grid. The demand is real. The money is ready. Only the red tape is in the way.
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• VOLTAGE
Nuclear Goes to Sea
A Danish startup just asked the NRC for a meeting. The subject: floating a nuclear reactor into an American port.
Saltfoss — formerly Seaborg Technologies — filed a letter of intent on November 3. The company builds molten salt reactors on barges. Samsung Heavy Industries welds the hulls in South Korea. Saltfoss assembles the reactor and loads the fuel at U.S. sites.
Each seaMSR-100 unit runs for 24 years without refueling. Stack two to six on one platform. That gets you up to 600 MW.
The NRC launched a new licensing path in March — 10 CFR Part 53. It's risk-based and open to new reactor types. Saltfoss wants to be the first advanced maritime reactor to apply.
I've been writing about the grid queue all year. This concept attacks it from a new angle. No land fights. No decade-long wait for a grid connection. Float the power to the coast and plug in.
The reactor design is exotic. Molten salt instead of solid fuel rods. In a shutdown, the salt drains by gravity and freezes. No traditional meltdown risk.
Saltfoss targets first delivery in the early 2030s. South Korea is running parallel reviews under its SMR Special Act. The American Bureau of Shipping is already qualifying the design.
No floating advanced reactor has ever been licensed in the U.S. If you're a data center developer staring at a 2033 grid date, a barge starts to look like a bargain.
The grid queue is seven years deep. A barge takes three to build. Saltfoss just filed the paperwork to try to prove it.
• WIRED IN
Supply Chains Get Real
For two years this was forecasts and signed letters. This week, factories started taking orders. The hardware behind the power race is finally getting built — not just promised.
Ontario awarded 14 manufacturing contracts to Toronto-area companies for the G7's first small modular reactor. The GE Vernova Hitachi BWRX-300 is under construction at Darlington. The first unit costs about C$7.7 billion, with 80% of spending staying in the province. Ontario says the contracts add C$110 million to GDP.
Reactors need parts — and NuScale is locking them in. On October 29, the company signed a deal with South Korea's Doosan Enerbility to fabricate the first commercial reactor coolant system for its power module. Nuclear-grade pressure vessels take three to five years to forge, so NuScale secured the slot now. The stock still rose roughly 16% after Q3 revenue came in at just $281,000.
X-energy hired Fluor to engineer the Cascade SMR project at Hanford in Washington state. The Xe-100 design recently cleared its final NRC safety review, so the path from approval to concrete is getting shorter. Separately, X-energy, Amazon, and AEP are exploring a 960 MW plant in Indiana — 12 reactors aimed at Midwest data center load.
Not all the action is nuclear. Bloom Energy posted record Q3 revenue of $1.24 billion — up 138% year over year. Guidance went up for the third time this year, to $4.4–$4.6 billion. Customer deposits jumped from $78 million to $661 million — the clearest sign yet that data center power orders are more than talk.
Three countries. Four reactor deals. One record quarter for fuel cells. The data center power race finally has a supply chain forming behind it.
The best sector of 2026 isn't tech. It's energy, up around 40% this year while most investors chased chip stocks. Get the #1 energy stock free, and we'll text you the name. Show Me the Energy Stock.
