America’s AI future will be powered by private capital, or not at all

After 15 years of nearly flat electricity consumption, U.S. power demand has been climbing about 2.1% a year since 2020. That sounds modest; it is not. The United States is now adding roughly 120 billion kilowatt-hours of new annual electricity load, the equivalent of plugging in nearly 12 million American homes every year. The grid […]