The backlash against data centers is real… growing… and seeping into the midterm election year quagmire.
New York State issued a one-year moratorium on new hyperscale data centers on July 14, when Governor Kathy Hochul signed an executive order pausing state environmental permits.
The executive order sets a precedent and provides political cover for state and municipal governments nationwide to cater to political not-in-my-backyard (NIMBY) movements by issuing their own executive orders.
Politics aside, the real issue data centers face comes from energy production and grid capacity. There simply isn’t enough juice to power the already stressed regional power grids established across the nation, and demand continues to soar:
Energy demand for data centers is expected to quadruple in the next 10 years. (Source: Kobeissi Letter)
For now, the approach is ad hoc. Data centers are connected to existing grids, have on-site backup power generation, or are being tied directly into new power plants to meet existing demand.
What matters is that, while the headline political backlash is gaining momentum, it’s just a small, vocal minority. The real work is being done behind the scenes by smaller, edgier operators who recognize the challenge from a boots-on-the-ground production perspective. We’ve been investigating the leading edge of nuclear energy development, as that’s a critical part of the story, albeit one that will take years to play out.
But the fact remains that the sharp operators are going to deploy a blend of energy sources in addition to the ascendant nuclear business, including oil, natural gas, wind and solar. And they’ll likely need a combination of their own power supply and being hooked up to the existing local power grid.
Today’s Grey Swan Pro looks at a utility company that’s salivating over growing AI data center demand. And a new state law designed to protect consumers from power increases from AI data center demand just passed which is still bullish for data center companies and could fuel further growth — details here.
~ Addison
P.S. It’s not too late to review our latest research…
On Monday at 1 p.m. ET, we revealed a staggering opportunity we discovered after poring through President Trump’s financial disclosure released June 30, 2026.
The President, it turns out, has 114,750,000 shares of one stock tucked away in a private trust. A single company on the Nasdaq that could make him the richest man on the planet. And from our vantage point now, he’s steering national policy directly toward those very shares.
No sitting president, in 250 years of the American presidency, has ever – so transparently – piloted the West Wing into positive investment gains. Until now.
We’ve got a special replay lined up for you in case you missed it here.
During the briefing, we addressed three critical topics…
FIRST, the mind-blowing technology behind Trump’s $1.1 billion investment, and why it could make him the richest man on the planet.
SECOND, why Trump built a mysterious “financial bunker” to protect his 114 million-plus shares. No sitting president has ever done anything so transparently before, and…
THIRD, the exact date that Trump’s shares could start booming. (Hint: we expect the share-price explosion to happen within a few hours of Monday’s briefing.)
