Moiseus Infrastructure Brief — No. 02
Every week we cut the noise to a handful of stories that matter — and add what they mean from where we sit. This is our read, not a news wire.
SK Telecom lays out a 15 GW AI data-center buildout
The operator outlined plans for roughly 15 gigawatts of AI data-center capacity, with about 5 GW targeted from 2029 — one of the largest single buildout commitments announced to date.
Multi-gigawatt commitments from global operators reset the baseline — demand isn’t cooling. Every plan like this deepens the scarcity of power and ready sites rather than easing it.
Cummins to supply natural-gas gensets for a West Texas AI data-center microgrid
Cummins will provide natural-gas generator sets for a West Texas AI/HPC campus built as a behind-the-meter, prime-power microgrid — powering the site directly rather than waiting on the grid.
When compute can’t wait for the interconnection queue, developers bring their own power. Behind-the-meter generation on controlled land is the fastest route to energized megawatts — and the hardest asset to replicate.
PJM stakeholders advance a data-center “backstop” procurement plan
Stakeholders in the PJM market moved forward on a mechanism to procure capacity specifically to backstop surging data-center load on the grid.
Grid operators are now designing around data-center load, not just reacting to it. The megawatts secured today are the ones the system is planning its future around.
FERC denies a waiver for a $2B gas plant in PJM’s fast-track review
Federal regulators refused to waive PJM’s interconnection rules for a $2 billion gas-fired project, saying a shortcut would harm other developers in the queue.
The queue is being enforced, not bypassed. Process discipline rewards the developers who did the groundwork early over those looking for a shortcut to the front.
Four different stories, one signal: the constraint in AI is no longer intelligence — it’s power, land, and the patience to hold real assets through a decade-long build-out. That is exactly where Moiseus Capital looks.
This material is for general informational purposes only. It is market commentary and reflects our own views. It is not an offer to sell or a solicitation of an offer to buy any security, and it is not investment advice. Moiseus Capital Corp is not currently offering securities. Third-party headlines are summarized and attributed to their sources; all trademarks belong to their respective owners.