The Grid Crisis Is a Capital Opportunity

America's transmission grid was not built for the power demands of the AI era. With interconnection queues stretching five to seven years in most ISOs, the developers who win in the next decade will be those who solved the access problem before their competitors recognized it as a problem at all. Behind-the-meter solutions, co-located generation, and land with existing substation proximity are the new premium assets — and the window to acquire them at reasonable valuations is closing.