Ep. 018 - Stop Saying Half of 2026 US Datacenter Capacity Is Canceled (Datacenter, Energy) | Jeremie Eliahou Ontiveros, Reyk Knuhtsen, Ellie Holbrook, Jordan Nanos

Bloomberg said half of 2026 US data center capacity is delayed. The SemiAnalysis Data Center, Energy, and Industrials team pulled the underlying report and found a broken denominator. Amazon alone built 4GW in 2025 and is adding 5GW plus in 2026. CoreWeave adds a gigawatt, all under construction. Jeremie Eliahou Ontiveros (@JeremieEO), Reyk Knuhtsen (@robotknower), and Ellie Holbrook join Jordan Nanos (@JordanNanos) as they walk through why the number is wrong and what the real forecast shows.

The team covers behind the meter power generation reaching 40GW by 2028, Oracle's New Mexico problem, and the gas turbine supply chain that is running toward peak. They break down the three types of data center delays, how OEMs are responding, and where solar, batteries, and nuclear fit.

00:00 Intro
00:51 The "half of capacity is canceled" myth
04:43 Why early stage projects get canceled
08:06 Three types of data center delays
08:40 Oracle's New Mexico problem
13:47 Behind the meter: 40GW by 2028
18:50 How OEMs are responding
20:24 Signed deal to powered GPUs
23:44 Hyperscaler market share
27:49 How SemiAnalysis tracks data centers
31:34 What behind the meter means
33:31 The gas turbine supply chain
38:22 Peak turbine
42:54 Solar, batteries, and nuclear
46:13 Final thoughts
48:20 Favorite projects

Referenced:
Stop Saying Half of 2026 US Datacenter Capacity Is Canceled: newsletter.semianalysis.com/p/stop-saying-half…

US Grid Constraints: Towards 40GW+ of Behind-The-Meter Datacenter by 2028?: newsletter.semianalysis.com/p/us-grid-constrai…