A big announcement
The almost headlines
In case you missed
Targets land, power, DCs, and compute as AI-era “hard assets.”
Flagship BAIIF seeks $10B equity (already $5B soft-circled) to leverage into $100B of AI infra.
Focus on NVIDIA Vera Rubin–based “AI factories,” behind-the-meter power, and government/enterprise AI clouds.
Fuel for grid-hardening crews as aging infrastructure and load growth collide.
Capital and strategic support to expand T&D maintenance, upgrades, new build, and storm response across the Midwest and nationwide.
CEO Kayle Scott and co-owner Blake Mertens retain significant ownership.
Bet on grid-adjacent “call before you dig” infrastructure as build-out accelerates.
ELM provides underground utility locating for 60+ utilities across 13 states with a 1,400+ vehicle fleet.
Tiger’s growth capital will fund nationwide expansion while founders and management retain meaningful equity and operational control.
First utility-scale wind project in Arkansas under 20-yr Microsoft offtake.
Delivers ~$950k/yr to Cross County and $50M+ to landowners over project life.
Built by Mortenson with Vestas turbines; financed via $375M construction loan, $173M term loan, $263M tax equity.
Push to >1,600 MW solar as San Antonio chases 2050 net-zero.
PPAs only; bids due Jan 8, 2026, following RFP issuance on Nov 13, 2025.
Battery RFP coming year-end, adding to 470 MW of contracted BESS as part of “Vision 2027” strategy.
Locks in power gear and prefab capacity to keep pace with AI-driven DC buildouts.
Guarantees production slots for UPS, LV switchgear, prefab skids, with dedicated lines and economies of scale while retaining multi-vendor flexibility.
Aims to harden and localize the supply chain for Digital Realty’s U.S. campuses, improving deployment speed and resilience as AI workloads ramp.
Claude scales on Azure with NVIDIA systems as all three stack capital, compute, and distribution.
Anthropic to buy $30B of Azure compute and secure up to 1 GW of NVIDIA-powered capacity
NVDA & MSFT plan equity investments of up to $10B and $5B respectively (Amazon stays primary cloud).
Prefab power + Uniflair chillers to support ultra-dense “AI factory” campuses.
Includes North America’s first Uniflair chiller deployment and Schneider’s largest cooling engagement, tuned for up to 2 MW/rack loads at Switch sites.
Three-year support + guaranteed capacity underpins Switch’s exascale, energy-efficient AI and hyperscale data centers.
Buys time to address missed interest payment and negotiate with lenders.
Extends interest deadline from Nov 17 → Dec 15, 2025 under a forbearance pact with noteholders.
NFE continues to operate global LNG and gas infra while working through capital structure options and disclosed risks.
550-mi NGL line from West Texas to Mont Belvieu to grow from 600 kb/d → 1 Mmb/d.
Expansion via additional pumps and a 92-mi “Cowboy Connector” extension to Exxon’s Cowboy plant in Eddy County, NM (COD late 2027).
Enterprise operates combined system; supports >30% growth in Permian NGL output 2024–2030; deal expected to close early 2026.
Climate platform leans on institutional co-chairs while a founding voice takes leave to run for Governor of California.
Adds 32 modular trains, lifting peak capacity to >58 MTPA (≈+30 MTPA).
Veteran finance leader for high-growth, capital-intensive, hardware businesses.
Only CA/Rockies producer with MiQ-certified methane performance across basins.
Orderly handoff while reaffirming 2025 guidance and growth strategy.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.