AI Data Center Power Demand & Nuclear PPAs

Wood Mackenzie projects only 28% of 1,066 GW requested will materialize, but ~300 GW still massive. Hyperscaler capex $710B for 2026. TerraPower's Natrium deal with Hyundai tied to Meta's 2.8 GW data center demand. Blue Energy-GE Vernova project targets data centers. Constellation Energy Q2 2026: 93% capacity factor, 44,160 GWh, 920 MW new long-term PPAs (18.5-year avg, including Walmart). Amazon 5 GW PPA with X-energy. Bipartisan support builds: 14 governors cite AI demand in state addresses. Local backlash intensifies (PA, OH, IN, IL, NY, IA, CA). EPRI study suggests data centers can lower rates.