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Most Electricity Sought for AI Data Centers in US Will Never Materialize

More than two-thirds of the electricity sought for the artificial intelligence boom in the US isn’t likely to materialize due to “phantom” projects and long-shot pitches.

Most Electricity Sought for AI Data Centers in US Will Never Materialize

More than two-thirds of the electricity sought for the artificial intelligence boom in the US isn’t likely to materialize due to “phantom” projects and long-shot pitches.

Intelligence Bloomberg Aug 12, 2026

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