September 24, 2026
Semantics matter here. Bloomberg reported this morning that Oracle (ORCL) served Blue Owl (OWL), developer of Project Jupiter in Doña Ana County, NM, with a force majeure notice designed to defer lease payments should the…
September 23, 2026
The buildout is still physically tight. The money behind it is not. After three months of dead money, the signal has moved from the order book to the capital stack. What happened. SB Energy, SoftBank’s…
September 23, 2026
Two of the largest U.S. data center markets now have the brakes on at the same time. The market is reading it as a zoning story. Could it become an equipment story? What happened. Texas…
September 17, 2026
Siemens Energy at Laguna: delivery slots, capacity discipline, the service tail nobody was asking about, and why a rocket company wants to make turbine vanes. Notes from the session, which GLJ was privileged to join…
September 16, 2026
A resale market for gas-turbine delivery slots has opened. The first price tells us the line is real. The sellers tell us how the “night is going to go”. Bottom Line Someone just sold their…
August 7, 2026
We spoke with divisional leadership at a private OEM targeting $1bn in revenues from RPPs, power whips, and other white-space solutions for data centers. Takeaways below. We spoke with a general manager at a data…
July 30, 2026
We spoke with a leading data center OEM as they ramp e-House capacity on lead times being quoted by suppliers. Transformer, UPS lead times up +89%, +67% Y/Y Engineered components continue to see demand well…
July 24, 2026
We spoke with GE Vernova investor relations yesterday and immediately called C-suite at a leading private data center OEM to discuss key SST / 800V DC takeaways. Our contact has $2bn+ in revs across power…
July 22, 2026
We spoke with senior leadership at a leading private CCGT EPC to discuss Chevron’s 2.7 GW BTM gas power plant in support of Microsoft’s Reeves County, TX data center. Below, we break apart key economic…
July 15, 2026
We sat down with senior leadership at the leading EPC installer of combined-cycle gas power in North America, Kiewit Energy; to discuss market trends for behind-the-meter power. CCGT undercapacity continues with new build costs coming…
July 7, 2026
We sat down with a chief commercial officer at a leading private data center OEM for power management and cooling solutions to discuss Blackstone-backed data center developer QTS’ decision to walk away from a multi-phase…
July 6, 2026
Vertiv announced the opening of a new Johor, Malaysia facility aimed at expanding capacity of its CDU for an accelerative APAC market. VRT (BUY, $300.53) – Capacity ramp continues with Johor, Malaysia launch (link) Vertiv…
July 2, 2026
Private data center OEMs we spoke with emphasized strong exit-rates on 1H order trends with hyperscaler and neocloud clients, in defiance of recent narratives fit to choppy moves across our names. We break apart reads…
June 16, 2026
Our cooling vendor checks emphasize that CoolIt’s recent announcement of a 15kW cold plate assures years of viability for single-phase D2C liquid cooling vs. refrigerant driven two-phase. We examine reads across our coverage at Vertiv…
May 22, 2026
Leading contract manufacturer Flex guided to further accelerative growth in 2027 +80% y/y on +70% in 2026 for c1Q27 spin of the Anord/Mardix PDU and JetCool CDU brands alongside a FlexPower power modules business that…