Nov. 15 at 4:06 PM
AI Is Outpacing America’s Power Grid
JPMorgan’s new chart shows 2025 exploding to nearly 80 GW of planned data-center power—an insane, historic spike driven by AI.
But there’s a catch:
• Projects are already stalling
• Morgan Stanley sees a 13 GW near-term shortfall
• Real gap could hit 44 GW through 2028
• Interconnection queues and transformer shortages are choking builds
• AI demand is now rising faster than the U.S. can generate electricity
The takeaway:
AI growth won’t be limited by chips…
It will be limited by power.
Winners going forward:
Utilities, grid builders, transformers, cooling, nuclear, SMRs.
The next AI boom = the power infrastructure boom
$NEE,
$XEL,
$AEP,
$DUK,
$SO,
$WEC,
$PCG,
$PWR,
$WIRE,
$ETN,
$ABB,
$VRT,
$TT,
$CARR,
$SMR,
$BWXT