The signal
Utilities report long waiting lists for new large power connections. Some regions have paused new data-centre approvals, and developers are building their own on-site power plants.
Where it could lead
This is where the digital world runs into the physical one. It affects where AI gets built, electricity prices for everyone else, and demand for new power generation of every kind.
Evidence that would strengthen the case
- Data-centre locations are chosen mainly by power availability
- Utilities create special tariffs or requirements for large AI loads
- On-site generation — gas, nuclear, batteries — becomes standard
What could prevent it
- Big efficiency gains shrink AI’s power needs
- Grid expansion and new generation catch up faster than expected
- AI demand growth slows