ADI KUMAR · POWER & DIGITAL INFRASTRUCTUREAUGUST 2026 · V1 · ~40 MIN READ
The AI Power Chain · Part I-A · Technical Companion
How AI data centre capacitors actually work
The Capacitor Stack: Technical Companion
Where the market essay named the vendors, this piece explains the physics. What a farad actually is, why a hybrid supercapacitor beats a battery on a 10-second pulse and loses on a 10-minute one, why MLCCs derate under DC bias, and why a fifty-cent film capacitor determines whether an 800VDC rack survives its own switching noise. Cross-sections, Ragone plots, and roadmaps for readers who want the machine under the market.
By Adi Kumar
Independent analysis
Views are my own
How to read this piece. It is a technical companion to
The Capacitor Stack: How Energy Storage Became Core Compute Infrastructure (Part I of The AI Power Chain). The market piece named the vendors, sized the layers, and mapped the M&A. This one explains the underlying physics of every capacitor category on that stack, why each one owns the timescale it does, and what the roadmap items on every analyst's list actually change. No prior electrical background is assumed, but the reader should know what "capacitor" means at a systems level.
1First principles · What a capacitor stores
The bucket, the pipe, and the timescale
A capacitor is an energy-storage device. So is a battery. So is a spring, a flywheel, a compressed-air tank, and a raised weight. The distinguishing property of a capacitor is not that it stores energy but how fast it can put the energy in and take it back out. Every capacitor architecture on the AI power chain occupies a specific point on the energy-vs-power surface, and the whole essay you just read (or are about to) is fundamentally a walk across that surface.
The physics is one equation: E = ½·C·V². Stored energy scales linearly with capacitance (C, in farads) and quadratically with voltage (V). Charge on the plates: Q = C·V. Current in or out of a capacitor: i = C·(dV/dt). That last one is where the AI story lives. To source a 100-amp current spike at constant voltage, you need a capacitor big enough to release the charge without letting its voltage collapse. The size of that capacitor depends on how long the spike lasts: a microsecond spike needs a very different bucket than a ten-second one.
Six capacitor chemistries on the Ragone plane
Specific energy (Wh/kg) vs specific power (W/kg), log-log. Each bubble marks the region a technology occupies. Bigger bubbles = wider range within that class.
Classic Ragone framing. MLCC and silicon capacitors sit at extreme power density but negligible energy; Al electrolytic in the middle; EDLC/HSC bridging to Li-ion territory. The distance between the top-right and bottom-left points is roughly seven orders of magnitude on each axis, which is why "capacitor" is not one product category.
The Ragone plot answers the "what does this thing do" question. A charge stored at the top-right (high power, low energy) empties in microseconds. A charge stored at the bottom-right (high energy, low power) takes hours. In between sits the whole ladder covered in the market essay: MLCCs handle the microsecond decoupling under a GPU; Al electrolytics handle the millisecond bulk on a power shelf; hybrid supercapacitors handle the ten-second rack-level absorption; batteries handle the minutes-to-hours autonomy. Same physics, different regions of the plane.
Why each technology sits where it sits. A capacitor's energy density is limited by two things: how much charge you can put on the electrodes and how high a voltage you can hold across them without breaking down the dielectric. Ceramic MLCCs use very thin, very high-permittivity dielectrics; energy per cell is tiny but they respond in nanoseconds. Electrolytics use a chemically-grown oxide film so thin (nanometres) that it holds enormous field per volt, but the electrolyte conducts current only so fast. EDLCs use no chemical bond at all: energy is stored in an ion double-layer at an electrode surface, which is why they cycle a million times but store little energy per kg. HSCs add a Faradaic anode to a capacitive cathode and land in the middle. Every device is a specific trade against the same two constraints.
2Three storage mechanisms
