Caroline Hyde

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And I'm Caroline Hepka, here to introduce you to a podcast that brings you the news you need to start your day in just 15 minutes.

We've got everything you need to know from geopolitics and global events to economics and what's moving markets.

I'm covering it all from London.

It's more than just business headlines.

From the price of your breakfast to global shifts in power, economics and money aren't just part of the story, they're often the driving force.

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The biggest grid operator in the US, PJM Interconnection, cut its power demand forecast for summer 2027 by more than 2% to about 160 gigawatts.

That may seem surprising given that big cloud providers and AI firms keep talking up their need for electricity.

And even more so when you consider that PJM manages the region which includes data center heavy Northern Virginia.

So what does all this mean?

Let's bring in Mehdi Pariyavi, CEO of the Washington, D.C.-based International Data Center Authority, a think tank, but also global advisor on data centers.

This data set is really important.

Throughout industry, a lot of people have said, keep watching it.

But what it indicates is that there is a big difference, right, Mehdi, between those projects announced on data center capacity and those that are actually being built and those that are actually utilizing electricity, not just contracted for it.