A big announcement
The almost headlines
In case you missed
Energy-first AI campuses, rapid build cycles, and a fast-growing cloud for model training/inference.
Co-led by Valor and Mubadala; expands U.S. gigawatt-scale campuses (e.g., 1.2 GW Abilene).
Crusoe Cloud bookings 5× YTD; 99.98% uptime; adds Atero for GPU/memory ops.
Partnerships with NVIDIA and AMD; exits Bitcoin mining to focus on AI infra; global expansion (Norway/Iceland).
Build power fast, modernize rules, train workers—so AI can lift growth and stay safe.
Target: ~100 GW/year U.S. generation build to keep pace with AI; first $1T in AI infra could add >5% GDP.
Playbook (4): retool manufacturing supply chains; speed permits/interconnection; stand up AI workforce hubs; risk-based frontier AI safety.
Skin in the game: Stargate at ~7 GW today, $400B+ near-term capex toward $500B / 10 GW by end-’25; U.S. device/robotics supply chain and training starting in Abilene (’26).
Grid-positive build: pair behind-the-meter gas + solar with new grid capacity (e.g., WI campus) to improve reliability and affordability.
Why now: U.S. adds ~51 GW (2024) vs China ~429 GW—fall behind on power, fall behind on AI.
Meta to take 100% of Swenson Ranch Solar output; COD 2027.
$900M capex; 350+ construction jobs; $158M+ lifetime local taxes.
Supports Meta’s growing U.S. digital infra footprint.
Pilot at an Ormat site to validate commercial EGS and then scale for utilities & data centers.
Joint development from concept → power; co-optimize subsurface + surface facilities.
Addresses DOE’s 300 GW by 2050 “next-gen geothermal” potential.
Builds scale in transformers as grid equipment demand surges.
Prolec GE sights ~$3B revenue / ~25% adj. EBITDA margin (2025); close mid-2026.
Enhances North American manufacturing/service footprint.
Senior secured lending for energy infra & transition; target $500M by 2026.
Spin-out team from Riverstone Credit; early deals include Silfab Solar and Alliance Energy Services.
Focus on asset-based loans filling a market gap.
25-yr PPA for clean, firm power to Google’s IA cloud/AI.
400 long-term jobs; 1,600 construction; NextEra to 100% ownership.
Restart structured to avoid costs to IA ratepayers.
AP1000 program to bolster U.S. nuclear & AI-ready grid capacity.
Major job creation; profit-sharing includes public participation; export ambition for U.S. tech.
Scaling domestic grid storage to unlock AI/data-center builds and industrial electrification.
Led by Eclipse with strategic investors incl. NVentures; focus on low-cost, large-scale U.S. systems.
Boosts refining/materials capacity and storage deployments; hiring across engineering & ops.
Momentum: prelim offtake now ~11 mtpa toward ~16 mtpa for financing.
807-mile pipeline engineering by Worley; phased dev to accelerate execution.
Funds Beetaloo gas development with Baker Hughes as strategic partner.
Cornerstones incl. Baker Hughes ($10M) & Bryan Sheffield; SPP to follow.
Use of proceeds: development, working capital, corp purposes.
New upstream platform led by former XCL leaders targeting data-driven development.
Initial equity from NGP NR XIII; founders: Graeve, Kastens, Sigler, Matus.
Focus on reservoir analytics, efficient growth, and long-term value creation.
Pipeline-delivered Neste MY SAF; up to 80% lifecycle GHG reduction vs. fossil jet.
FSRU at Khor Al Zubair: 500 MMscf/d regas, 250 MMscf/d contracted off-take.
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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.