The once-niche electrical equipment maker is targeting a valuation of nearly $9 billion.
This week, Texas has been a case study for the perks of a diversified grid.
A wave of new legislation aims to let Big Tech build its own private power islands.
The rising cost of living, including utility bills, has become a political flashpoint across party lines.
Utilities burned more coal to meet electricity demands from data centers and heating homes.
The deals with Vistra, Oklo, and TerraPower reflect come as the hyperscaler race for firm power heats up.
The utility said its Virginia offshore wind project would supply 2.6 GW to “the largest cluster of data centers in the world.”
But given practical hurdles and huge political risk, experts say U.S. access to the deposits is likely a pipe dream.
JLL reports that 200 GW of global capacity are planned by 2030, but delays are ramping up.
As load growth forecasts balloon, the “speed-to-power drive” has transformed the energy transition.