π Clouded Judgement: "Time to Power" β AI's Real Bottleneck Is Transmission
Jamin Ball argues the gating constraint on the AI data center buildout is not power generation but transmission β moving electricity from generation sites through high-voltage lines and substations into data halls, a process PJM data shows takes roughly 3 years to reach an interconnection agreement and another 4 years to come online.
Why it matters: Investors evaluating AI infrastructure exposure should weight grid interconnection and transmission timelines, not just power generation capacity, when assessing how quickly compute buildout can actually scale.
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