After two decades in hibernation, demand for power has surged, with over 80% of that growth stemming from data centers, manufacturing, and cryptomining. This should come as welcome news. But ballooning electricity costs and worries over shortages are prompting questions over whether the United States has enough juice to win an industrial race. If policymakers are going to help our country meet its electricity needs in the coming decades, they will have to understand the nature of power-demand growth, advance competitive markets for power supply, improve regulation of power delivery, and cut excessive red tape hamstringing new infrastructure.