Iberdrola, the Spanish energy giant, is launching a massive €5 billion share sale to double down on its shift toward power grids. This move aligns with their strategy to focus heavily on grid investments, which are set to dominate their spending plans over the next few years.

Editor’s Note: Iberdrola’s big bet on grids signals where the company—and maybe the broader energy sector—sees stable, long-term growth. As renewable energy expands, reliable grids are becoming just as crucial as the power sources themselves. For investors, it’s a sign Iberdrola is playing the long game, but it also means shareholders are footing the bill upfront.

The AI boom is driving up electricity demand so much that the largest US power grid is seeing record costs—$16.1 billion—just to keep the lights on. Utilities and energy groups are now pushing hard for new power plants to handle the surge, warning that the current grid might not keep up with AI's growing appetite for energy.

Editor’s Note: AI isn’t just changing tech—it’s straining the power grid in ways nobody fully anticipated. If energy supply doesn’t ramp up fast, businesses and households could face higher bills or even reliability issues. This isn’t just a tech story; it’s a wake-up call about how much infrastructure needs to evolve to support the AI revolution.