Datacenter Power

Largest US nuclear generator.

Second-largest US competitive nuclear fleet (6,448 MW) alongside ~26 GW of gas, with 2,609 MW already contracted to Meta on 20-year PPAs and preferred-provider status at Helix. Dual-fuel and dispatchable, so the datacenter-power exposure here is contracted rather than prospective.

Susquehanna nuclear deal with AMZN.

Pure-play solid-oxide fuel cell (SOFC) manufacturer - public-equity expression of the AI datacenter grid-bypass thesis. Oracle MSA April 2026 (up to 2.8 GW, 1.2 GW initial) is the largest commercial SOFC deployment commitment to date. Aschenbrenner's Situational Awareness LP largest long ($879M, Q1 2026 13F). Weight 0.85 reflects pure-play exposure and named-customer conviction with execution risk on manufacturing scale-up against the order book.

Gas turbines for data center peakers.

American Electric Power - Midwest utility (PJM grid + Ohio/Virginia hyperscaler campuses); largest single-ticker datacenter-load exposure in the universe.

Entergy - Southeast utility (Louisiana, Mississippi, Arkansas, Texas); Meta + AWS + Hyundai campus build-outs driving multi-year load growth.