The Power Allocation

Microsoft, Amazon, Google, and Meta are contracting directly with nuclear generators—reshaping the entire nuclear industry.

Show Notes

Hyperscalers are no longer waiting for utilities to build nuclear capacity—they're contracting directly with generators and investing billions in new reactor development.
Key topics covered:
  • Microsoft Three Mile Island restart agreement
  • Amazon: $20B+ nuclear infrastructure investment including X-energy
  • Google-Kairos Power: 500 MW advanced reactor partnership
  • Meta: 6.6 GW nuclear agreements
Related keywords: hyperscaler nuclear procurement, Microsoft Three Mile Island, Amazon nuclear investment, Google Kairos Power, data center nuclear PPA
Brought to you by Spring Street Management Group.]]>

What is The Power Allocation?

The AI boom isn't constrained by chips, algorithms, or talent. It's constrained by electricity.

The Power Allocation is a daily briefing on AI infrastructure — where capital is actually being deployed. Each episode cuts through the hype to examine the physical realities shaping the AI buildout: power constraints, grid interconnection, land acquisition, data center financing, cooling infrastructure, and utility relationships.

This isn't a software podcast. This is an infrastructure podcast.

Who it's for: Institutional investors, infrastructure allocators, data center developers, utilities, family offices, and anyone positioning capital for the physical layer of artificial intelligence.

What you'll learn:

Why power availability — not GPU supply — is the binding constraint on AI compute
How hyperscalers are locking in multi-decade power purchase agreements
Where data centers are relocating and why grid geography is reshaping the industry
The financing structures turning compute facilities into bond-like assets
What execution timelines, permitting delays, and interconnection queues mean for capital deployment
Format: 3-6 minute episodes. Dense. Clear. No hype.

New episodes daily. Subscribe wherever you listen.