Moiseus Infrastructure Brief — No. 05
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.
PJM moves to make large AI loads bring their own capacity
Under a proposed reliability framework, many future large loads would have to secure their own generating capacity or accept curtailment during system stress to keep firm service.
This quietly redefines what a data center is: not a customer of the grid, but a participant in it. Sites that arrive with generation attached get firm service; sites that arrive with only a load request get a queue ticket and a curtailment clause.
Amazon asks Virginia to let hyperscalers pay for their own grid upgrades
Amazon urged state regulators to allow large loads to fund transmission directly through contributions in aid of construction, reopening the fight over who pays for AI-driven grid expansion.
Ratepayer backlash is now a real permitting risk, and the industry knows it. Paying your own way is cheaper than losing a decade to political resistance — and it prices interconnection honestly for the first time.
A fight over who gets to set the rules inside the largest U.S. grid
A former FERC chairman argued that federal regulators should reject a proposal to give states shared filing rights with PJM and its transmission owners under Section 205 of the Federal Power Act.
Governance is the slow variable nobody prices. Every added veto point stretches timelines, and stretched timelines are precisely what makes already-interconnected power worth more than power that is merely planned.
An advanced-reactor developer and an AI operator target a 2027 nuclear-fed compute demo
Aalo Atomics and Crusoe announced a partnership to pair advanced nuclear generation with AI data center load in a demonstration project at Idaho National Laboratory.
Nuclear is the 2030s answer, not the 2027 one — demonstrations take a decade to become fleets. The bridge to that decade still runs on gas and on land that already has interconnected capacity behind it.
Storage-led developers break ground on modular AI capacity in West Texas
Energy Vault started construction on an AI campus in Snyder, Texas hosting modular data centers, pairing on-site storage and power infrastructure with compute.
The winning unit of development is no longer a building — it is a power-plus-compute package delivered on one site. Whoever controls the land and the electrons sets the terms for everyone renting the racks.
Five stories, one direction of travel: the grid is done absorbing AI demand for free — capacity, cost, and siting are being pushed back onto whoever wants the compute. That shift rewards owners of real, interconnected assets over everyone still waiting in line.
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.