Market Report

US data center pipeline: Q4 2025

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This report covers the pipeline of US data center projects with planning, permitting, construction, or commissioning activity between January 2023 and Q4 2025. The report is divided into four sections: 1) Planned and in-development project pipeline capacity, 2) project costs, including per-unit costs, 3) energy, including onsite generation and utility commitments, and 4) policy. Capacity and capex are broken out by state, developer, and utility.

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What's included

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    Q4 2025 Data Center Pipeline PR.pdf

    PDF 1.71 MB