Gavekal Technologies

Efforts to clean up the US’s sclerotic system for approving energy infrastructure have failed twice before. The third time may be the charm, as the Bipartisan American Affordability and Jobs Act or BAAJA cleared its first procedural hurdle in the Senate on Monday. If it passes despite last-ditch opposition by environmental groups, it will massively boost America’s ability to scale up its electricity grid, on a three to-five year horizon. This will remove an important constraint on both AI data centers and manufacturing.

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