The electron is the bottleneck.
@morganstanley and @Jefferies Both Find More Than Half of 2026-2028 GPU Servers May Have Nowhere to Plug In; 2 GW of 2026 Completions Called Impossible
Two independent research teams reached the same conclusion on the US data center power gap.
@morganstanley estimated the shortfall in available power and concluded that more than half of the GPU servers sold between 2026 and 2028 might not have anywhere to be plugged in.
Jefferies used satellite imagery from SynMax Intelligence to track US data center construction sites and found between 16 and 18 gigawatts of gross capacity that can be energized this year.
SynMax pushes out timelines when land isn't cleared on schedule regardless of company claims.
By its measures, around 2 GW of US data center projects scheduled for completion in 2026 haven't begun land clearances, making them "impossible" to deliver on time.
@morganstanley and @Jefferies Both Find More Than Half of 2026-2028 GPU Servers May Have Nowhere to Plug In; 2 GW of 2026 Completions Called Impossible
Two independent research teams reached the same conclusion on the US data center power gap.
@morganstanley estimated the shortfall in available power and concluded that more than half of the GPU servers sold between 2026 and 2028 might not have anywhere to be plugged in.
Jefferies used satellite imagery from SynMax Intelligence to track US data center construction sites and found between 16 and 18 gigawatts of gross capacity that can be energized this year.
SynMax pushes out timelines when land isn't cleared on schedule regardless of company claims.
By its measures, around 2 GW of US data center projects scheduled for completion in 2026 haven't begun land clearances, making them "impossible" to deliver on time.