Big Tech’s $3 Trillion Struggle to Secure Enough Electricity

For most of modern history, oil was the world’s most valuable resource. It powered industrial growth, decided wars, reshaped geopolitics, and created the largest corporations in history. Then oil lost its crown. Data replaced it as the world’s dominant asset.

The companies that learned to collect, process, and monetize information - Apple, Google, Amazon, Microsoft - became the most valuable enterprises the world had ever seen. But that era is now over.