The Sat-Denominated Grid
What the Price of Electricity in Bitcoin Reveals About Energy, Compute, and Sound Money.
Praol Institute
The energy that powers computation is the same energy that prices capital.
Praol Institute researches the infrastructure of the digital economy — from the physics of power generation to the economics of digital capital — and what connects them.
Praol Dispatch
The latest from Praol Dispatch.
Praol Dispatch is the core publication. Energy, Compute, and Capital are the three sections inside it.
Energy
Power generation, grid constraints, fuel economics, and the physical systems that determine what digital infrastructure actually costs to run.
Compute
AI demand, chip economics, data center geography, and what happens when compute becomes a market-priced resource.
Capital
The Sat-Denominated Grid and related work on Bitcoin, stablecoins, and digital capital priced through energy and infrastructure realities.
Praol Press
The latest from Praol Press.
The current featured title is Proof of Power, the first book in the Praol Press publishing imprint.
Latest Book
Proof of Power
The American power grid was built for a world that no longer exists.
It was designed around centralized generation, predictable industrial demand, and a stable relationship between energy production and economic output.
Proof of Power connects the grid to the data center to the digital asset, arguing that energy, compute, and capital now have to be understood as one system.
Praol Media
The argument in motion.
Video, interviews, and briefings that bring the same research to a faster format.
Coming Soon
Praol Media extends the institute into video: interviews, briefings, and visual explanations built around energy, compute, and capital.
Where Praol Dispatch is the ongoing research stream and Praol Press is long-form, Praol Media is the faster, more accessible expression of the same core ideas.
Voices
The people behind the work.
Praol Institute is anchored by operators who have worked inside the systems being analyzed.
Preston Pratt
Preston Pratt spent his career at the intersection of energy and computation — from nuclear propulsion and utility operations to hyperscale data center infrastructure serving the AI economy.
That background produces a particular kind of analysis: grounded in physics, priced in economics, and oriented toward the structural forces that most market participants never see coming.
Contributor Invitation
Additional voices welcome.
Praol Institute is open to contributors who can write with operational credibility about power systems, computational infrastructure, and capital allocation.
- Evidence-forward, mechanism-first writing.
- No hype, no sponsored research, no trend-chasing.
- Clear theses grounded in engineering, economics, or markets.