despite rising AI usage across the board, most tech companies are not seeing a massive reacceleration of their gross revenue.
commercial power consumption will rise another 2.6% this year and 4.3% in 2027 . It is also hyperconcentrated in the electricity grids of Texas's ERCOT and the mid-Atlantic's PJM
prices are now rising at the second-fastest pace on record, only trailing the worst of the COVID-era semiconductor shortages.