AI Load

Henry Hub Horizon — behind-the-meter hyperscaler gas demand and the dispatch-model visibility gap.

Henry Hub Horizons

Hyperscaler gas demand is moving behind the meter. The dispatch models haven't followed.

Hyperscaler behind-the-meter gas demand is now on the order of 100 GW announced. It pulls gas from the market but not through the dispatch system traders forecast on.

June 2, 2026 · 2 min read

AI data-center load and Henry Hub power burn — two regimes through 2030, with behind-the-meter gas as the hinge

Henry Hub Horizons

AI load arrives in one of two Henry Hub regimes. The BTM pipeline sits between them.

AI load makes Henry Hub power burn a two-regime question through 2030. The hinge is where the load clears, and on which side of the meter.

April 15, 2026 · 2 min read

AI Load

Hyperscaler gas demand is moving behind the meter. The dispatch models haven't followed.

AI load arrives in one of two Henry Hub regimes. The BTM pipeline sits between them.

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