Taiwan's first AI-plus-electricity stock fund has been filed for launch, betting that the power shortage created by AI data centers turns electricity into one of the best long-term investments — good news for utilities and power equipment makers, bad news for anyone paying an electric bill.

• Taishin filed its Global AI Power Fund on August 20, covering the whole chain from generating power to delivering it to users.
• AI infrastructure is expected to draw trillions of dollars of investment over the next decade, with the power slice growing every year.
• US data centers are projected to fall 40% short of the power they need by 2028, making electricity a strategic resource.
• Most 2027 computing capacity is already booked, but delivery is blocked by regulators, grid limits, and long waits for power equipment.
• Utilities and independent power producers like Talen and Vistra stand to gain from rising electricity prices and new supply deals with data centers.

Outlook: Power looks like the real bottleneck for AI over the next few years, keeping money flowing toward electricity producers and grid equipment.