Yeah the path forward here is going to be Apple-like vertical supply chain integration. There is absolutely no spare capacity in the infra side of electrical right now, at least in the US.

And there is great cost saving potential in vertical integration. Distribution and transmission are huge costs. If you can build a data center right next to a power plant and just take all their power you get much better prices. Not trivial to do with the kinds of bursty loads that seem typical of AI data centers, but if you can engineer your way to a steady load (or at least steady enough that traditional grid smoothing techniques work) you can get a substantial advantage

I don’t think that’s possible with large scale power infrastructure, and specifically grid infrastructure is so tightly regulated. Closest that I’m aware of was TSMC buying the output of an entire offshore windfarm for 25yrs (largest power purchase contract ever - TSMC / Ørsted)… maybe Microsoft re starting nuclear power plants, or Google reporting offshore wind sites come out of contract (but nothing at the 10GW scale).