America’s five-year electricity demand forecast has risen sevenfold in three years. The queue to connect new supply is still a decade long. That single imbalance is the most durable theme in our coverage. The numbers behind it: roughly 295 gigawatts of announced data center capacity against 93 gigawatts of accredited supply additions through 2030. Turbine production slots are reserved years forward with cash deposits. Existing nuclear is signing contracts at premiums to wholesale power, with replacement costs for those plants now estimated as high as $17,570 per kilowatt, assets that cannot be rebuilt at any reasonable price. When demand moves this fast against supply that physically cannot respond, value concentrates in what is already built, already connected, and already on the production line. $GEV $VST $TLN $VRT