The Physical Layer

AI and energy infrastructure, explained plainly.

Companies

Crusoe

On the map: Who runs the capacity · Power on site

Named in 2 pieces. Each entry below is that piece's own description of what the company makes, from its exposure map.

  1. The builders

    Crusoe builds AI campuses; Lancium plans Abilene's power. Nebius, CoreWeave and Lambda rent GPU clusters. DayOne runs Johor campuses.

    Contracted, energised, running: how Abilene, Nebius and Jane Street's AI capacity really arrives · 25 September 2026

  2. Plants, campuses and fuel

    Homer City Generation and Entergy build gas plants, Crusoe builds AI campuses, and Kinder Morgan and Williams run gas pipelines; Williams also builds off-grid gas plants.

    Building your own power: GE Vernova's queue, not the grid's, sets the date · 22 September 2026

This maps who operates in each layer. It is not a recommendation, and naming a company is not a view on its shares. Personal research, not investment advice.