Jan. 3 at 2:16 PM
The AI data center boom is now constrained by power, not compute.
• SemiAnalysis reports Texas approved only a fraction of large-load power requests in 2025
• Grid interconnection timelines are stretching to years, not months
• As a result, developers are shifting toward:
On-site generation
Behind-the-meter (BTM) power agreements
Hybrid gas, battery, and energy storage solutions
This changes the winners.
The biggest beneficiaries won’t be utilities alone — but independent power producers (IPPs) and enablers of on-site generation.
Power is now the gating factor for AI growth.
Names positioned to benefit:
$TLN $CEG $NRG $ET ......
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