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June 25, 2026
Three Trends To Watch In The US Data Centre Industry
Macro ThematicMacro Economic IndicatorsReal EstateEnergyIndustrials
The US data centre industry is undergoing a structural shift driven by AI, necessitating new approaches to behind-the-meter power, large-scale hub efficiency, and community-integrated economic development.
Key Takeaways
- 1.Data centres are increasingly adopting behind-the-meter power generation, with 55GW of capacity planned in the US, to overcome grid interconnection delays.
- 2.The industry is shifting towards massive, multi-gigawatt campuses, with 80% of the North American pipeline concentrated in clusters.
- 3.Data centre 'boomtowns' can sustain long-term economic growth by transitioning construction-heavy project cycles into broader AI ecosystems integrated with local education.
Table of Contents
- How data centres’ own power can be a new grid asset – and more than a stopgap
- The rise of new ultra-large hubs calls for system efficiency
- How remote data centre boomtowns can keep booming in the long term
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Authors
Coco Zhang
Securities
SwitchGoogleMSFT.O
Themes
AI Infrastructure ExpansionData Centre Cluster EfficiencyEnergy Independence for Data Centres
Regions
North AmericaUnited States
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