70% Grid Failure Rate Threatens $5.2T AI Infrastructure Buildout — and Hyperscaler Valuations
More than 70% of US grid interconnection requests are withdrawn before approval, according to Berkeley Lab, threatening the $5.2 trillion in AI data center capex planned through 2030. Goldman Sachs projects data center power demand to surge 165% by 2030 versus 2023 levels, but the grid was built for 1–2% annual growth. For Microsoft, Amazon, and Alphabet, the mismatch between capex deployment and capacity delivery is a direct threat to earnings visibility.
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