I want to tell you about a letter that was sent last October that almost nobody covered properly.
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OpenAI sent an 11-page submission to the White House Office of Science and Technology Policy asking for something unusual. Not more GPUs. Not faster internet. Not regulatory relief.
They asked the US government to build 100 gigawatts of new power generation capacity. Every single year.
To put that in perspective: 100 gigawatts is roughly the output of the entire US nuclear fleet — every reactor in every state, built over six decades. OpenAI wants to add that amount of capacity. Every year. Starting now.
And they’re not alone. Microsoft signed a $1.6 billion deal with Constellation Energy to restart Three Mile Island — now renamed the Crane Clean Energy Center — to power its AI data centers.
The DOE issued a $1 billion federal loan to make it happen. Amazon secured a power purchase agreement from the Susquehanna nuclear plant and invested $500 million in small modular reactor development.
Google cut a deal with Kairos Power to deploy a fleet of SMRs by 2030. Meta announced a 6.6-gigawatt nuclear procurement strategy in early 2026.
The biggest companies on the planet are panicking about the same thing: there’s not enough electricity to power the AI revolution.
Why? Because China added 429 gigawatts of new power capacity in 2024. The US added 51. OpenAI calls it the “electron gap” — and they say it threatens American AI dominance.
Now, if you follow the electricity problem to its logical conclusion — past the reactors, past the turbines, past the cooling towers — you end up at one single chokepoint.
A yellowish powder that comes from a handful of mines, in a handful of countries, controlled by a handful of companies.
Uranium.
Last year, global uranium production met only 90% of reactor demand. The gap was filled by stockpiles. Those stockpiles are running out. And we’re about to add hundreds of new reactors to the grid while simultaneously—
The full analysis continues for premium subscribers. Today I’m sharing:
The supply/demand math that almost nobody is running correctly
Why the spot price is a trap — and the number you should actually be watching
The 3 categories of companies positioned to capture the most value
My exact positions and entry strategy
The Energy Crisis Behind the AI Boom
Let me start with a number that will frame everything else…