The electron is the bottleneck.
US Had 52 GW Data Center Capacity in 2025 vs 28 GW China and 17 GW All of Europe; US Has 4,767 Centers, More Than Next Nine Countries Combined
The US also counts 4,767 data centers, more than the next nine countries combined.
Per Cushman & Wakefield, the US has more current-plus-planned capacity than China, the UK, Germany and eleven other countries combined.
Data centers now consume roughly 5% of US electricity demand, versus roughly 2% in Europe.
The power consumption gap matters because it sets a floor on how much of the AI infrastructure buildout Europe can plausibly host even if capital were available.
US Had 52 GW Data Center Capacity in 2025 vs 28 GW China and 17 GW All of Europe; US Has 4,767 Centers, More Than Next Nine Countries Combined
The US also counts 4,767 data centers, more than the next nine countries combined.
Per Cushman & Wakefield, the US has more current-plus-planned capacity than China, the UK, Germany and eleven other countries combined.
Data centers now consume roughly 5% of US electricity demand, versus roughly 2% in Europe.
The power consumption gap matters because it sets a floor on how much of the AI infrastructure buildout Europe can plausibly host even if capital were available.