Insights

Anthropic’s $417B compute commitments, SpaceX’s $40B GPU financing, PJM’s reliability warning, Google’s 1 GW virtual power plant and Exelon’s generation pivot.

FERC rejects PJM’s data center curtailment plan, a DOE emergency order in PJM, NERC’s first standards for large loads, Utah nuclear pushback and Meta’s tax credits.

Google backs 890 MW of nuclear uprates, PJM’s first fast-track projects, Amazon drops data center NDAs, and why the grid will cost more.

FERC pauses PJM’s emergency capacity plan, PJM’s new queue opens at 169 GW, MISO pairs loads with generation, and old plants become AI power sites.

This week: FERC enforces the PJM queue as written, Amazon locks in backup generators, the Army opens bases to power developers, and AI financing meets reality.

Texas softens its large-load interconnection rule, Microsoft keeps its options open on Virginia cost allocation, NERC concedes the rulebook was built for generators, gas plants trade hands, and $3.9B goes to compute you can truck to the power.

PJM moves to keep large loads connected through grid disturbances, Pennsylvania opens rates and curtailment, gas turbines sell out to 2032, and $4.4B moves into power conversion.

A federal move to tax away data-center incentives, PJM leaning on large loads’ backup generation, 2.88 GW of gas built for one campus, a 465-mile HVDC rebuild, and a labor squeeze on the build-out.

Nvidia’s $89B quarter, PJM wholesale costs up 46%, New Jersey unwinds its AI tax credit, and a 750 MW nuclear project falls out of the queue — our read on the week in AI compute and power.

Capex forecasts double, PJM writes rules for data centers that bring their own power, DOE drops three transmission corridors, and 50 GW clears the queue — our read on the week in AI compute and power.