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Peter Perri III
Peter Perri III is the driving force behind Energy Media. Selected as a Top Voice on LinkedIn, Peter has built a reputation for his deep understanding of the energy sector and his ability to engage with industry leaders.
U.S. Army to Spend $2B on Nuclear Microreactors at 5 Bases
The U.S. Army announced a $2 billion program to deploy nuclear microreactors at five military bases, marking one of the largest federal commitments to advanced nuclear technology for on-site power generation. Each reactor will provide between 1 MW and 20 MW of capacity, with final output dependent on vendor design selection.
JPMorgan is Arranging $5 Billion in Debt for Volta
JPMorgan Chase has arranged $5 billion in debt financing for Volta Energy, a data center developer focused on AI-ready infrastructure. The financing structure mirrors traditional project finance models used for regulated infrastructure assets like toll roads and power generation facilities, with debt carrying the majority of the capital stack rather than equity. The deal represents a significant shift in how capital markets are treating hyperscale data center development — as predictable, infrastructure-grade assets worthy of utility-like leverage ratios.
Andreessen Horowitz Raises $1.1B for AI Infrastructure Fund
Andreessen Horowitz (a16z), the legendary Silicon Valley venture capital firm, has raised $1.1 billion for its newest fund: the Machine Age Fund. The fund will invest in the physical infrastructure on which AI runs—including chips, memory, networking, storage, data centers, robotics, and power systems. The firm cites a "once-in-a-generation opportunity" to rearchitect the AI stack, driven by exponential increases in compute demand, token intensity, and the fundamental limits of today's supply chain. The fund marks a formal return to hardware investing for a16z, which has backed companies like SpaceX, Anduril, and Waymo, and now sees hardware deal flow growing to over 20% of its pipeline.
Neocloud Lambda Gets $1B in Debt for NVIDIA Chips
Neocloud Lambda has closed a $1 billion private debt facility to purchase Nvidia AI chips, which it will lease directly to Microsoft. The transaction represents the latest in a series of debt raises by Lambda and underscores the capital intensity of the AI infrastructure buildout. More importantly, it signals a structural shift in how hyperscalers are securing compute capacity—through long-term lease agreements rather than outright ownership.
Hull Street Energy Acquires Two PJM Natural Gas Plants
Hull Street Energy (HSE), a private equity firm focused on power infrastructure, has completed the acquisition of two natural gas peaking plants totaling 1,263 MW in the PJM market from Rockland Capital. The assets—Lee County Generating Station (677 MW) in Illinois and Tait Electric Generating Station (586 MW, dual-fuel) in Ohio—will join HSE's Milepost Power thermal generation platform. With this acquisition, HSE now owns nearly 5,000 MW of dispatchable generation capacity, making it one of the largest privately held power producers in the U.S. Financial terms were not disclosed.
Anthropic Could Potentially Raise $100B in IPO, Be Valued at $2T
Anthropic, the AI research company behind the Claude family of large language models, is in discussions to pursue an initial public offering raise of $100 billion or more, according to reporting by The New York Times. This could value the company at $2 trillion. The potential IPO would rank among the largest technology offerings in history (possibly beating out SpaceX's record-breaking IPO) and reflects the massive capital requirements needed to scale AI infrastructure
Nvidia spends $6 billion to license Poolside’s AI technology
Nvidia has committed $6 billion to Poolside, an AI development company, marking the chip giant's most aggressive move yet into direct competition with AI model developers like OpenAI, Anthropic, and DeepSeek. The transaction represents a fundamental shift in Nvidia's strategy from infrastructure provider to integrated AI platform operator.
Bitdeer’s $4.7B Deal with Volta Infrastructure Supports Anthropic
Bitdeer Technologies announced a 16-year, $4.7 billion physical infrastructure colocation agreement with Volta for a new data center campus designed to support AI workloads, reportedly tied to Anthropic's compute requirements. The deal represents one of the largest long-duration colocation contracts disclosed in the AI infrastructure buildout.
Amazon Adds Third Data Center Campus in Louisiana
Amazon announced a third data center campus in Louisiana, bringing its total investment in the state to $18 billion. The expansion includes 750 full-time data center jobs and 2,500 additional positions across construction and operations. The announcement signals Louisiana's emergence as a major hyperscaler destination and creates immediate demand for dispatchable generation capacity.
PJM Files Proposal to Push Data Centers Offline During Emergencies
PJM Interconnection, the largest grid operator in the United States, filed a proposal with FERC to force data centers offline during grid emergencies as part of a plan to address a 6.8 gigawatt reliability shortfall. The filing comes on the heels of PJM's recent capacity auction that cleared at $325 per megawatt-day, reflecting severe supply-demand imbalances driven by AI-related load growth. The proposal would give PJM authority to curtail data center load during emergency conditions, fundamentally changing the reliability calculus for hyperscale operators.
Evergy Plans New Gas to Support Kansas Data Centers
Evergy, the Kansas-based regulated utility, has announced plans to build a 910 MW large simple cycle gas turbine and accompanying battery storage projects to meet surging data center demand driven by AI infrastructure buildout. The filing represents one of the clearest signals yet that Midwest utilities are moving aggressively to capture hyperscale load growth, deploying dispatchable generation at scale to meet the reliability and capacity requirements AI workloads demand.
TerraPower Announces Second Nuclear Plant
TerraPower, the Bill Gates-backed advanced nuclear company, plans to announce its second utility-scale nuclear power plant project before the end of 2026. The company is currently the only developer constructing a new utility-scale nuclear facility in the United States—the Natrium sodium-cooled fast reactor in Kemmerer, Wyoming. A second project announcement would signal that advanced nuclear is moving from demonstration to commercial deployment and that TerraPower has secured additional offtake or partnership commitments.
