Yeah it’s wild to me to. Especially as I think rising rates are getting misaligned with data centers. I am sure the continued demand has added to some of the costs but people are forgetting most of the US grid is ancient and largely neglected. When building a facility requiring large electric or water usage that facility is usually paying large upfront costs to get connected with 10 or 20 year contracts.

It’s a pretty unique time we live in where economic growth is seen as negative.