Everyone's talking about GPUs. The real buildout bottleneck is physical infrastructure: power, permitting, cooling, and the grid.
As of early 2026, 190 GW of hyperscale data center capacity has been announced across 777 projects. Data centers can be constructed in 12–18 months, but connecting them to the grid takes 5–7 years.
More than a quarter of the data center projects slated to come online in 2025 were delayed due to power, permitting, or construction constraints.
The companies that will define the next decade of energy infrastructure are building the software, hardware, and systems that make electrons cheaper, faster, and smarter.
This is one of the largest infrastructure investment cycles of our lifetimes, and the enabling technology stack is still early.
Here’s how we’re mapping the AI data center opportunity. Full roadmap in the comments 👇