Big Tech Becomes Big Energy
Tech companies complete vertical integration into power generation, owning nuclear plants, solar farms, and battery storage to guarantee supply. Alphabet, Microsoft, Amazon, and Meta collectively control 50+ gigawatts by 2030. This fragments the utility model but ensures AI development isn't bottlenecked by grid constraints. Regulators approve deals because tech spending accelerates clean energy buildout faster than utilities could manage. The downside: residential customers see bills rise as utilities lose their largest customers and tech companies negotiate preferential rates.
