AI data centers lease record electrical power in Q2
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Power demand outlook and grid strain
For context, a typical large-scale nuclear reactor has a power output of about 1 GW. New York City requires about 2 GW to power its lights, air conditioners and 665 miles of subway track.
Looking ahead, TD Cowen sees about 12.5 GW DC leasing demand in the pipeline.
This massive build-out also happens to be coinciding with surging energy demand related to record-setting heatwaves.
Power grids across Europe have been struggling to meet that demand in recent weeks, at times enforcing conservation.
