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The power grid is cracking
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Plus: The positives of an AI bubble.
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Thursday, May 21, 2026
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What happens if America's power grid can't keep up with AI demand?
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The U.S. needs about 5,000 miles of high-voltage transmission per year to keep pace with
electricity demand. In 2024, just 888 miles were completed, according to an analysis by Grid Strategies. That gap is widening even as data center developers race to bring tens of gigawatts of new load online.
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The result is a structural mismatch between the speed at which demand arrives and the speed at which the grid can absorb it.
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Global electricity demand from data centers grew by 17% in 2025, according to the International Energy Agency, with AI-focused data center electricity consumption
growing even faster. In the U.S., data centers now account for about half of the country's incremental demand growth, according to the IEA's global energy assessment.
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The constraints that shape the AI-driven land rush are not mysteries. They are specific, identifiable, and for the most part well understood by the people who build and operate the grid. The question is whether they can be solved on the timeline the market demands.
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">
No. It'll take decades to catch up
</a>
<!--<![endif]-->
<!--[if mso]><a href="https://www.ne16.com/t/10761443/222404108/9824333/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNS0yMSUyMCUyOFVTJTI5&x=c3a8ecde" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block; ">No. It'll
take decades to catch up</a><![endif]-->
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
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<table border="0" cellpadding="0" cellspacing="0" style="margin: 0 auto;" width="100%">
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<td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif">
<table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none; border-spacing: 0;
border-collapse: collapse; mso-table-lspace:0; mso-table-rspace:0; mso-margin-top-alt:0px; mso-margin-bottom-alt:0px; mso-padding-alt: 0px 0px 0px 0px;" width="100%">
<tbody>
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<td height="40" style="vertical-align:middle;text-align:center;font-size:16px;font-family:Arial,Helvetica,sans-serif" valign="middle">
<a style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: 1px solid #105C8E; display: block; " target="_blank">
</a>
<table bgcolor="#105C8E" cellpadding="0" cellspacing="0" class="newButton" height="40" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; padding-right:10px;mso-padding-right-alt: 10px;padding-left:10px;mso-padding-left-alt: 10px;padding-top:10px;mso-padding-top-alt: 10px;padding-bottom:10px;mso-padding-bottom-alt: 10px; " width="100%">
<tbody>
<tr>
<td align="center" bgcolor="#105C8E" style="text-align:center;vertical-align:middle;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif" valign="middle">
<table bgcolor="#105C8E" cellpadding="0" cellspacing="0" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; " width="100%">
<tbody>
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<td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif">
<!--[if !mso]><!-->
<a style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block;
">
Get ready for rolling blackouts
</a>
<!--<![endif]-->
<!--[if mso]><a href="https://www.ne16.com/t/10761443/222404108/9824334/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNS0yMSUyMCUyOFVTJTI5&x=2413b9a0" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block; ">Get ready for
rolling blackouts</a><![endif]-->
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
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</tbody>
</table>
</div>
</div>
</td>
</tr>
<tr>
<td class="td100" colspan="6" height="24" style="width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
<!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
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<td class="editor-cell-text td100" colspan="6" style="padding:10px;width:100%;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:24px;font-weight:bold">
<span style="font-family:Arial;font-size:24px">
Here's what you need to know
</span>
</h1>
</td>
</tr>
<tr>
<td class="snippet td100" colspan="6" style="width:100%;position:static;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<table border="0" cellpadding="0" cellspacing="0" class="dragndrop" data-rss-posts="undefined" height="100%" style="table-layout:fixed" width="100%">
<tbody>
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<td align="left" class="editor-cell-image td100" colspan="2" style="background-color:#EFEFEF;width:33.3333%;vertical-align:middle;text-align:left;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<a aria-label="Anna Moneymaker / Getty Images" style="color:#105C8E" target="_blank" title="Anna Moneymaker / Getty Images">
<img alt="Anna Moneymaker / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2265992523.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzkzNTgxNTMuMzE1NjQ4M30:1wQ0L3:lRIlseED_K8iL-7l3KfDLpCvXMRtSYlPrOyMGB8tJuk" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
</td>
<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div>
<strong style="color: var(--blue-cta-default); line-height: 1.4">
<a data-linktext="OpenAI could file for a confidential IPO as early as Friday." data-linktype="Normal" style="color:#105C8E" target="_blank">
OpenAI could file for a confidential IPO as early as Friday.
</a>
</strong>
<span style="line-height: 1.4">
The startup has reportedly tapped Goldman Sachs and Morgan Stanley to prepare the filing, with CEO Sam Altman hoping to list in September.
The IPO push comes days after a federal jury dismissed Elon Musk's lawsuit against OpenAI.
</span>
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
<!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
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<tr class="trpad10" style="background-color:#EFEFEF">
<td align="left" class="editor-cell-image td100" colspan="2" style="background-color:#EFEFEF;background-repeat:no-repeat;background-size:auto;vertical-align:middle;width:33.3333%;text-align:left;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<a aria-label="Jung Yeon-je / AFP via Getty Images" style="color:#105C8E" target="_blank" title="Jung Yeon-je / AFP via Getty Images">
<img alt="Jung Yeon-je / AFP via Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2276633275.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzkzNTgxNTMuMzE1NzQ3NX0:1wQ0L3:ItC_HPM_KADe6igUVhCoR-CZVdLWM-nzkZEm4B90HPo" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
</td>
<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div>
<strong style="color: var(--blue-cta-default); line-height: 1.4">
<a data-linktext="Samsung averts an
18-day strike with a tentative pay deal." data-linktype="Normal" style="color:#105C8E" target="_blank">
Samsung averts an 18-day strike with a tentative pay deal.
</a>
</strong>
<span style="line-height: 1.4">
The bonus-pay agreement suspended strike action by nearly 48,000 workers that had been scheduled to begin Thursday at the world's largest memory-chip maker. Union members will cast their votes on the proposal between May 22 and May 27.
</span>
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<tr class="trpad10" style="background-color:#EFEFEF">
<td align="left" class="editor-cell-image td100" colspan="2" style="background-color:#EFEFEF;background-repeat:no-repeat;background-size:auto;vertical-align:middle;width:33.3333%;text-align:left;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<a aria-label="Samuel Boivin / NurPhoto via Getty Images" style="color:#105C8E" target="_blank" title="Samuel Boivin / NurPhoto via Getty Images">
<img alt="Samuel Boivin / NurPhoto via Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2259210130.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzkzNTgxNTMuMzE1ODQ3NH0:1wQ0L3:0VoFaF7jbKgiLwI763VLnvIw-Q1m5h2FGmUdVo8ABHk" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
</td>
<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div>
<strong style="color: var(--blue-cta-default); line-height: 1.4">
<a data-linktext="SpaceX publicly files for a $75 billion Nasdaq IPO." data-linktype="Normal" style="color:#105C8E" target="_blank">
SpaceX publicly files for a $75 billion Nasdaq IPO.
</a>
</strong>
<span style="line-height: 1.4">
The company has begun the process of listing on the exchange under the ticker symbol SPCX. The filing shows SpaceX generated $18.67 billion
in revenue in 2025, and puts Starlink's subscriber base at roughly 10.3 million.
</span>
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<tr class="trpad10" style="background-color:#EFEFEF">
<td align="left" class="editor-cell-image td100" colspan="2" style="background-color:#EFEFEF;background-repeat:no-repeat;background-size:auto;vertical-align:middle;width:33.3333%;text-align:left;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<a aria-label="Justin Sullivan / Getty Images" style="color:#105C8E" target="_blank" title="Justin Sullivan / Getty Images">
<img alt="Justin Sullivan / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2154045576.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzkzNTgxNTMuMzE1OTU0N30:1wQ0L3:lOqJml3uiQ42SPDPmlb6rwQOm212_H1bTHijoID9GV8" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
</td>
<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div>
<strong style="color: var(--blue-cta-default); line-height: 1.4">
<a data-linktext="Nvidia reports record
first-quarter revenue of $81.6 billion." data-linktype="Normal" style="color:#105C8E" target="_blank">
Nvidia reports record first-quarter revenue of $81.6 billion.
</a>
</strong>
<span style="line-height: 1.4">
The figure is up 85% from a year ago as demand for its artificial intelligence chips continues to grow. The company also raised its quarterly dividend 25-fold and announced a new share repurchase authorization.
</span>
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<tr class="trpad10" style="background-color:#EFEFEF">
<td align="left" class="editor-cell-image td100" colspan="2" style="background-color:#EFEFEF;background-repeat:no-repeat;background-size:auto;vertical-align:middle;width:33.3333%;text-align:left;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<a aria-label="" style="color:#105C8E" target="_blank" title="">
<img alt="" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2277289487.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3NzkzNTgxNTMuMzE2MDUzMn0:1wQ0L3:vCyN9ae6MM5w754WReshvHtfBXbdya30WCctrJiFZiw" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
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<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;vertical-align:top">
<div>
<strong style="font-size:15px;font-family:Arial,Helvetica,sans-serif;line-height:1.4;color:#105C8E">
<a data-linktext='Oil falls below $100 as Trump says Iran talks are in the "final stages."' data-linktype="Normal" style="color:#105C8E" target="_blank">
Oil falls below $100 as Trump says Iran talks are in the final stages.
</a>
</strong>
<span style="font-size:15px;font-family:Arial,Helvetica,sans-serif;line-height:1.4">
Iran's foreign minister said negotiations to unlock the Strait of Hormuz and
end the war are continuing. Trump has made several optimistic statements about a potential deal in recent weeks, only for tension to rise again.
</span>
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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</tr>
</tbody>
</table>
</td>
</tr>
<tr>
<td class="td100" colspan="6" height="24" style="width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif">
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<td class="editor-cell-text td100" colspan="6" style="padding:10px;width:100%;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:15px">
<h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:24px;font-weight:bold">
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VitaWild.
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="Subscribe To Adam Wagner's Newsletter" data-linktype="Normal" style="color:#105C8E" target="_blank">
Subscribe To Adam Wagner's Newsletter
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