Nearly every AI bull case in 2026 makes the same assumption: the electricity will be there when they need it. It won’t. One company already has what the rest of the industry is still waiting for.

Global energy-efficiency gains have stalled at around 1.3% annually, far below the IEA's target of 4%.

Power has become the binding constraint on the AI boom, and one $130 million stock just signed a 15-year, $2.6 billion lease that validates the entire thesis. Wall Street hasn't…

Energy Is A Trillion-Dollar Problem for the AI Boom

Nearly every AI bull case in 2026 makes the same assumption: the electricity will be there when they need it. It won’t. One company already has what the rest of the industry is…