Energy analyst Nat Bullard’s annual “State of Decarbonization” report reveals a massive capex peak for the AI boom. (Nat Bullard)
The current boom in tech infrastructure capex hit ~2% of US GDP last year, a level of investment intensity that now dwarfs peak spending of the country’s most historically significant projects—including the Apollo Space Program, the Interstate Highway System, and the dot-com broadband buildout.
By the way: Nat joined us on Power Perspectives not too long ago. Check out his POV on the business of decarbonization on Apple, Spotify, or YouTube.