"We’re tracking 190GW across 777 large data centers and AI factories (>50MW) announced since 2024. At least 16GW of capacity is slated to come online in 2026 across roughly 140 projects. Yet only about 5GW is currently under construction. Around 11GW remains in the announced stage with no visible construction progress, despite typical build timelines of 12–18 months. "In 2025, 26% of expected capacity slipped, and another 10% of projects pushed back their commercial operation dates without much notice. Given that track record, it wouldn’t be surprising if 30–50% of the capacity slated for 2026 ends up delayed." @climatetech_vc