Power & Energy

Power is the binding constraint on the AI build-out — availability, not chips, is what gates new capacity. This vertical reads the two halves of the supply side: the picks-and-shovels that build and cool the halls, and the electron suppliers (nuclear-led utilities) the data centers are signing decades-long deals with. It is the demand side of our energy indicator, read from the companies that have to deliver.

10 public players>1,000 TWh 2026 DC power demand (Gartner)~9.8 GW nuclear committed to AI

Power & cooling picks & shovels

The equipment layer — cooling, switchgear, turbines, grid build. Price, momentum, and order books all readable.

Generation & utilities the electrons

Who actually supplies the power — nuclear-led fleets signing 20-year data-center deals, plus behind-the-meter alternatives.

In the power wire signals

The vertical's rhythm is deal-driven — hyperscaler PPAs, grid-interconnection queues, and the nuclear restart story.

Meta inks nuclear deals for up to 6.6 GW from Oklo, Vistra, TerraPower

Utility Dive ↗

Meta signs nuclear deals to power its Prometheus AI supercluster

CNBC · Jan 2026 ↗

AI data center build advances at full speed: power is the constraint

BloombergNEF ↗

Real, sourced. A full build curates this feed per industry and tags each company's data-center power deals.