The 19th-century railroad boom offers a cautionary tale for today's AI infrastructure buildout. Just as railroads faced financing gaps before generating revenue, AI data centers borrow heavily before securing tenants.
Texas requires developers to post financial security for utility infrastructure. While states like VA and OR accept surety bonds, PUCT excludes them. Standardizing bond terms could unlock crucial energy project capital.
Energy Markets & Credit RiskThe BAAJA draft bill proposes steps to coordinate transmission planning and interconnection costs. Explore how its single decision point and nonrefundable security provisions could impact surety and renewable developers.
Energy Markets & Credit RiskOracle recently issued a force majeure notice for Project Jupiter, its massive data center campus in New Mexico. We explore what this means for sureties, potential schedule delays, and relevant legal precedents.
Energy Markets & Credit RiskFERC's Order 2023-A explicitly permits surety bonds for certain generator interconnection deposits. Explore how RTOs like PJM are implementing this rule and what it means for developers' credit capacity.
Energy Markets & Credit RiskCollateral should be judged by issuer quality and payment terms, not by whether it comes from a bank or an insurer. Discover why properly structured surety bonds belong in data center tariffs.
Energy Markets & Credit RiskAs batteries and solar grow in ERCOT, the historical link between natural gas and wholesale electricity prices is weakening. Discover how this shift impacts risk management and investment in the Texas power market.
Energy Markets & Credit RiskERCOT’s proposed large-load rules could require a 500 MW data center to commit $25–$50 million and keep collateral posted for 7–9 years. Explore the financial impact of Texas's proposed ERCOT interconnection framework.
Energy Markets & Credit RiskComity recently arranged interconnection surety bonds for a solar developer across three distributed generation projects, demonstrating how surety structures can substitute cash deposits and preserve capital.
Energy Markets & Credit RiskData center development is colliding with an aging electric grid. Learn how grid interconnection speed, workforce shortages, and massive capital requirements are reshaping digital infrastructure.
Energy Markets & Credit RiskBattery storage is entering a disciplined phase of growth. Discover our key takeaways from Infocast's Storage Finance conference, including the shift toward contracted revenue, policy risks, and data centers.
Energy Markets & Credit RiskAI compute demand is clear, but the race is now about power, financing, and speed to market. Discover our key takeaways from the Maxim Data Center Summit, including the Bitcoin-to-AI pivot and evolving GPU economics.
Energy Markets & Credit RiskHouston has the lowest price spreads in ERCOT, yet holds the densest pipeline of new battery storage projects. We explore why developers are making a massive 8.7 GW bet on future industrial and data center load growth.