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Most Power Sought for US Data Centers Will Never Materialize

Bloomberg · Aug 12, 2026

Bloomberg cites Wood Mackenzie projections that more than two-thirds of the electricity sought for the US AI boom isn't likely to materialize. The article features commentary from Halcyon co-founder Alex Klaessig on how utilities and grid operators are working out "the rules of the road" for connecting new data center load, so we don't "lose the future benefit of AI."