Nvidia · New York · Goldman Sachs · CryptoSlate
AI’s power race is shifting leverage from chipmakers like NVIDIA to the grid
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AI has hit an electricity problem.
Key facts
- Goldman Sachs expects US data center power demand to climb from 31 gigawatts in 2025 to 41 in 2026 and 66 in 2027, lifting data centers' share of US peak summer demand from 4.1% to 8.5% over the same
- Bitcoin is +2.42% over the past 24 hours and currently sits at rank # 1 by market cap
- The federal forecast already leans that way, with the EIA expecting US power use to set fresh records in 2026 and 2027
- The strain is hard to overstate, since nearly 200 large users lined up in the first months of 2026 alone, together seeking a combined 438 gigawatts, more than five times what the entire state
Summary
01 AI is running into an electricity shortage, shifting leverage from chipmakers to utilities, grid operators, and power producers. 02 US data center demand is rising faster than grid capacity, making power the bottleneck for AI expansion and a driver of higher rates. 03 Texas and New York are tightening access rules, but the fight over who pays for new grid buildout is still unresolved. On June 2, the Electric Reliability Council of Texas voted to overhaul how it admits large power users to the grid, wading through a backlog of data centers, crypto mines, and industrial sites all reaching for the same megawatts. That same week, lawmakers in Albany, New York, were racing to pass a one-year moratorium on new large-scale data centers, which could make the state the first in the country to pause the buildout outright.