Issue 02

Alphabet added $15 billion to its 2026 capital plan, OpenAI contracted 3.2 gigawatts in Georgia, and a single turbine order crossed $1.4 billion.

27 July 2026 · items collected 20 to 22 July 2026 · 6 items

A Teraplex cluster photographed straight down, showing the enclosure rows and service corridors.

  1. Alphabet raises 2026 capital spending to $195 to $205 billion

    The increase adds about $15 billion to the guidance given three months ago, with roughly 40 percent of the total going to data centers and networking. Management said supply constraints persist.

    Data Center Dynamics · read 25 July 2026

  2. OpenAI contracts 3.2 GW from Georgia Power for a Savannah area campus

    Project Camellia spans about 1,400 acres in Effingham County across four buildings, and the utility delivers that load in phases between 2028 and 2032. It is the first site OpenAI designs and builds itself.

    ConstructConnect · read 25 July 2026

  3. Generation adequacy reports came due at FERC from all six grid operators

    PJM, MISO, SPP, CAISO, ISO New England and NYISO had to set out how enough generation will exist to serve new large loads, with milestone schedules attached. The filings follow June show cause orders on interconnection tariffs.

    Federal Energy Regulatory Commission, Docket RM26-4 · read 25 July 2026

  4. Hut 8 signs a second 352 MW lease at Beacon Point

    The new agreement doubles one tenant's contracted capacity at the Texas campus to 704 MW and lifts campus base term value to $19.6 billion. Utility capacity behind the portfolio now reaches 1,330 MW.

    Hut 8 · read 25 July 2026

  5. FTAI books a $1.465 billion order for mobile turbine generator sets

    J&F Power Systems signed a master supply agreement with an unnamed international cloud provider and placed the first order under it. Units ship in batches through November 2027.

    FTAI, via GlobeNewswire · read 25 July 2026

  6. PowerPlay AI starts a 400 MW development behind the meter near Abilene

    The venture is progressing natural gas service agreements and selecting a preferred independent power producer, on an unincorporated site with existing pipeline and fiber. First power is targeted for 2028.

    PowerPlay AI, via PR Newswire · read 25 July 2026

Power procurement led the week again.