Market data

U.S. data center market: state profiles, operators & grid queue

All 50 states and D.C. — facility counts, power draw, operator ownership, the ERCOT large-load funnel, SEC filings, and how the grid is responding to the demand wave.

On this page
  1. All 50 states: facility count & power draw
  2. Owners, operators & shell LLCs
  3. ERCOT large-load interconnection queue
  4. SEC 10-K competitor analysis
  5. The demand wave — ERCOT & PJM
  6. How the grid operators & FERC are responding

All 50 states and D.C.: data center facility count & power draw

4,500active facilities
176 TWh/yr4.4% of U.S. power
~700under construction
~16Mhomes-equivalent
StateAbbrevFacilitiesTWh/yr Major hubsUpcoming
AlabamaAL350.6Birmingham, Huntsville
AlaskaAK50.1Anchorage
ArizonaAZ19010.5Phoenix (Mesa, Goodyear, Chandler) — Microsoft, Apple, Vantage, QTS, Iron Mountain
ArkansasAR150.3West Memphis — Google
CaliforniaCA32111.0Silicon Valley, Los Angeles — Equinix, Digital Realty, CoreSite, Vantage
ColoradoCO701.8Denver, Colorado Springs — Flexential, Viawest
ConnecticutCT601.0Stamford, Hartford
DelawareDE220.4Wilmington
Dist. of ColumbiaDC120.3Washington D.C.
FloridaFL1354.2Miami, Tampa, Jacksonville — Equinix, Digital Realty, CyrusOne
GeorgiaGA1629.0Atlanta (Douglasville, Palmetto) — Switch, Google, Microsoft, QTS
HawaiiHI80.1Honolulu
IdahoID120.2Boise
IllinoisIL24412.0Chicago (Elk Grove Village, Aurora) — Microsoft, Equinix, Digital Realty, Meta
IndianaIN852.0Lebanon, La Porte, Indianapolis — Amazon ($15B), Meta ($10B), Microsoft ($1B)
IowaIA1153.8Des Moines, Altoona — Apple, Google, Meta
KansasKS220.4Kansas City metro, Wichita
KentuckyKY400.6Louisville, Lexington
LouisianaLA300.5Richland Parish, Caddo & Bossier Parishes — Meta ($27B), Amazon ($12B), Hut 8
MaineME80.1Portland
MarylandMD480.9Baltimore, Frederick
MassachusettsMA581.1Boston, Holyoke, Cambridge
MichiganMI621.1Detroit, Grand Rapids
MinnesotaMN781.5Minneapolis, Shakopee
MississippiMS200.3Madison County, Meridian — Amazon ($16B+), Compass ($10B)
MissouriMO551.2Kansas City, St. Louis — Google ($2B)
MontanaMT120.2Billings, Missoula
NebraskaNE422.1Omaha, Lincoln — Google, Meta
NevadaNV722.8Las Vegas (Henderson), Reno — Switch (SUPERNAP), Google, Apple
New HampshireNH140.2Manchester
New JerseyNJ952.2Secaucus, Piscataway (NYC Metro) — Equinix, Digital Realty
New MexicoNM281.6Albuquerque, Los Lunas — Meta
New YorkNY1554.5NYC Metro, Buffalo — Equinix, DataBank, Digital Realty
North CarolinaNC1154.5Charlotte, Research Triangle, Richmond County — Apple, Google, Amazon ($10B)
North DakotaND180.3Fargo
OhioOH2037.5Columbus (New Albany), Hebron — Google, Meta, Amazon ($10B), Microsoft
OklahomaOK380.6Oklahoma City, Tulsa
OregonOR1486.5Hillsboro, Prineville, The Dalles — Apple, Meta, Google
PennsylvaniaPA982.5Salem Twp., Fairless Hills, Lancaster — Amazon ($20B), CoreWeave ($6B)
Rhode IslandRI80.2Providence
South CarolinaSC400.6Aiken County, Charleston — Meta ($800M)
South DakotaSD100.1Sioux Falls
TennesseeTN681.8Nashville, Memphis — Oracle ($1.5B), xAI ($1B+)
TexasTX41317.0Dallas–Fort Worth, Austin, San Antonio, West Texas — Google ($40B), Meta, Stargate
UtahUT482.6Salt Lake City, Bluffdale — Meta, Google
VermontVT50.1Burlington
VirginiaVA66524.0Ashburn ('Data Center Alley'), Loudoun Co., Prince William — AWS, Microsoft, Google, Equinix
WashingtonWA1424.2Quincy, Seattle, Moses Lake — Microsoft, Amazon
West VirginiaWV80.1Charleston
WisconsinWI520.9Mount Pleasant, Milwaukee — Microsoft ($3.3B)
WyomingWY180.5Cheyenne — Microsoft

50 states and D.C.

Top 15 states by annual power draw

Virginia
24.0 TWh 665 facilities
Texas
17.0 TWh 413 facilities
Illinois
12.0 TWh 244 facilities
California
11.0 TWh 321 facilities
Arizona
10.5 TWh 190 facilities
Georgia
9.0 TWh 162 facilities
Ohio
7.5 TWh 203 facilities
Oregon
6.5 TWh 148 facilities
New York
4.5 TWh 155 facilities
North Carolina
4.5 TWh 115 facilities
Florida
4.2 TWh 135 facilities
Washington
4.2 TWh 142 facilities
Iowa
3.8 TWh 115 facilities
Nevada
2.8 TWh 72 facilities
Utah
2.6 TWh 48 facilities

As of July 2026 · changes over months · Source: U.S. Data Center Power Map by State — ElectricChoice.com compilation (updated July 2026; CC-BY 4.0). Underlying load research: LBNL 2024 US Data Center Energy Usage Report; rates: EIA

Facility counts vary by directory because each one draws the boundary differently — DataCenterMap lists 44 in Alabama where this table says 35, since it counts small network rooms alongside hyperscale campuses. Cite the TWh figure rather than the facility count when you can; it is the number that speaks to grid impact. Underlying load research is LBNL-2001637 (Dec 2024).

Sources: Lawrence Berkeley National Lab, 2024 US Data Center Energy Usage Report — 325–580 TWh (6.7–12% of US electricity) by 2028, up from 176 TWh (4.4%) in 2023 · EIA — State Electricity Profiles (generation, prices, consumption, emissions per state; U.S. Energy Information Administration) · U.S. Data Center Power Map by State — ElectricChoice.com compilation (updated July 2026; CC-BY 4.0). Underlying load research: LBNL 2024 US Data Center Energy Usage Report; rates: EIA

Owners, operators & shell LLCs

A campus has up to three separate parties — the operator (who runs it), the owner (often a PE fund), and the tenant (who actually consumes the power). Land is bought through single-purpose shell LLCs, the join key back to county deed records.

OperatorCategoryOwner / PE parent ModelTenant disclosedFiling LLCs
GoogleHyperscaler (owns & consumes)Public (Alphabet, NASDAQ: GOOGL)OwnSelf-consumedLand-acquisition shells: Jet Stream LLC, Sharka LLC
MetaHyperscaler (owns & consumes)Public (NASDAQ: META)OwnSelf-consumedCodename shells: Greater Kudu, Raven Northbrook, Stadion, Wobniar, Pinnacle Mountain
MicrosoftHyperscaler (owns & consumes)Public (NASDAQ: MSFT)MixedSelf-consumedProject-name / generic 'Holdings LLC'; less consistently codenamed
Amazon (AWS)Hyperscaler (owns & consumes)Public (NASDAQ: AMZN)OwnSelf-consumedVadata, Inc. — AWS's build/operating entity on many permits
xAI (Colossus)AI / neocloudPrivate (xAI)MixedSometimesSite/retrofit LLCs (e.g. former Electrolux plant, Memphis)
OpenAI · Oracle (Stargate)AI / neocloudJV: OpenAI · Oracle · SoftBank; sites developed by Oracle/Crusoe/VantageMixedSometimesPer-site developer LLCs (Crusoe/Lancium at Abilene, etc.)
CoreWeaveAI / neocloudPublic (NASDAQ: CRWV, IPO Mar 2025)LeaseRarelyMostly TENANT in partners' buildings: Core Scientific, Chirisa/Bulk, Flexential, Lincoln, TierPoint, Digital Realty, DataBank, Switch, Galaxy, Applied Digital
Digital RealtyColocation / wholesale REITPublic REIT (NYSE: DLR)MixedRarely'Digital [City]/[Address] LLC'; legacy Telx entities; Ascenty (LatAm)
QTSColocation / wholesale REITBlackstone take-private ~$10B, closed 2021OwnRarely'QTS ... LLC' + Blackstone holding entities; early generic project LLCs
VantageColocation / wholesale REIT$9.2B equity round closed Jun 2024OwnRarelyPer-campus 'Vantage ... LLC' site entities
CyrusOneColocation / wholesale REIT~$15B take-private, closed 2022OwnRarely'CyrusOne LLC' subsidiaries
AlignedColocation / wholesale REIT~$40B acquisition announced Oct 2025, close H1 2026 (press)OwnRarelyPer-site LLCs
SwitchColocation / wholesale REIT~$11B EV take-private, closed 2022OwnRarely'Switch ... LLC'; campuses branded 'Primes'
Stack InfrastructureColocation / wholesale REITBlue Owl acquired IPI Partners, 2025OwnRarelyPer-site LLCs
EdgeConneXColocation / wholesale REITEQT-backedOwnRarelyPer-site LLCs
EquinixColocation / wholesale REITPublic REIT (NASDAQ: EQIX)MixedRarelyIBX-branded site entities
Core ScientificColocation / wholesale REITPublic (NASDAQ: CORZ); CoreWeave acquisition proposed Jul 2025 — outcome uncertain, verifyOwnSometimesSite LLCs; ~10 US facilities (~840 MW HPC + ~500 MW crypto; ~1.3 GW gross)

⏳ No verification date recorded · changes over months · Source: Operator ownership & filing-LLC naming patterns — compiled from operator releases and county filings, then checked against SEC EDGAR full-text search. Composite, not a single citation: look the entity up yourself before naming it in a filing

Each row carries its own attribution level — first-party rows come from the operator's own site, but colocation and REIT ownership was compiled from trade press and never passed an independent fact-check. Check the attribution column before citing a row.

LLC resolution: county assessor / GIS parcel → grantee LLC on the deed → state Secretary-of-State business database → registered agent & principals.

Sources: Operator ownership & filing-LLC naming patterns — compiled from operator releases and county filings, then checked against SEC EDGAR full-text search. Composite, not a single citation: look the entity up yourself before naming it in a filing · Vantage Data Centers — $9.2B equity investment led by DigitalBridge & Silver Lake (closed Jun 2024) · Switch, Inc. — DigitalBridge & IFM Investors complete $11B take-private, Dec 6 2022 (first-party) · CoreWeave to acquire Core Scientific — all-stock ~$9B (announced Jul 2025)

ERCOT large-load interconnection queue

ERCOT is the only ISO that publishes an aggregate large-load (not generation) interconnection picture and breaks out the data-center share. The story is the funnel: what’s requested dwarfs what’s approved, which dwarfs what’s actually running. Data as of March 26, 2026.

410 GW large load requested (~87% data centers)
357 GW large-load DC share
3.8 GW actually running today (0.9% of requested)
Seeking interconnection
410,000 MW
Approved to energize
9,042 MW
Actually operational
3,801 MW

The bar chart uses a linear scale; the “seeking interconnection” bar dwarfs the others because most of that capacity is speculative. Many projects never energize.

Sources: ERCOT — Large Load Update to Senate Committee on Business & Commerce (Apr 1 2026; data as of Mar 26 2026) · ERCOT — Large Load Interconnection status, March TAC report (Mar 13 2026) · ERCOT — Large Load Integration (forms, reports & Batch Zero)

SEC 10-K competitor analysis

What the six largest cloud / AI filers tell the SEC about who they compete with — a useful cross-reference of how these companies see each other.

FilerNames rivals?10-K language NamedEditorial cross-ref
Alphabet (Google)No“developers and providers of AI products and services”; also “providers of enterprise cloud services” and consumer-hardware makers.OpenAI, Anthropic, Microsoft, Amazon (AWS), Meta, xAI
MetaNo“companies in the development and application of AI, particularly with respect to the development of frontier AI models.”OpenAI, Google (Alphabet), Anthropic, xAI, Microsoft
MicrosoftNo“AI-first application companies”; Azure’s “AI offerings compete with AI products from hyperscalers … and … open source offerings.”Google, Amazon (AWS), OpenAI, Anthropic, Meta, Oracle, Salesforce
Amazon (AWS)Nocompetition intensified by “practical applications of artificial intelligence and machine learning” in “web and infrastructure computing services.”Microsoft (Azure), Google Cloud, Oracle (OCI), CoreWeave, NVIDIA, OpenAI, Anthropic
OracleYescloud/software/hardware offerings “compete directly with … Alphabet Inc., Amazon.com, Inc., … IBM … Microsoft Corporation, Salesforce, Inc. and SAP SE …”Adobe, Alphabet, Amazon.com, Cisco, Intel, IBM, Microsoft, Salesforce, SAP, HPE, WorkdayAmazon (AWS), Microsoft (Azure), Alphabet (Google Cloud), IBM, CoreWeave
CoreWeaveNo“We primarily compete with hyperscalers … several of which are also customers … We also compete with smaller cloud service providers.”Amazon (AWS), Microsoft (Azure), Google Cloud, Oracle (OCI), Lambda, Nebius

Sources: Alphabet Inc. — Form 10-K FY2024, Item 1 “Competition” (SEC EDGAR) · Meta Platforms, Inc. — Form 10-K FY2025, Item 1 “Competition” (SEC EDGAR) · Microsoft Corp. — Form 10-K FY2025, Item 1 “Competition” (SEC EDGAR) · Amazon.com, Inc. — Form 10-K FY2025, Item 1 “Competition” (SEC EDGAR) · Oracle Corp. — Form 10-K FY2026, Item 1 “Competition” (SEC EDGAR) · CoreWeave, Inc. — Form 10-K FY2025, Item 1 “Competition” (SEC EDGAR)

EIA pilot survey: In March 2026 the EIA launched its first-ever pilot survey of energy use at data centers — the federal government’s first attempt to measure an industry that currently self-reports nothing. EIA — Pilot survey on energy use at data centers (Mar 2026) · EIA-930 — hourly net generation by fuel type (API v2, free key)

The demand wave — ERCOT & PJM

The two ISOs with the most data-center load growth tell opposite stories about how fast the grid can absorb it.

~233 GWERCOT queue (72.9% DCs)
+32 GWPJM peak-load growth (94% DCs)
23.9 GWDominion zone (+23% vs 2019)

ERCOT has ~233 GW of large-load interconnection requests, 72.9% data centers. Only a fraction will energize — see the funnel above.

PJM projects +32 GW of peak-load growth over the next decade, 94% from data centers. Dominion Energy Virginia’s zone alone shows 23.9 GW of load, up 23% from 2019.

Sources: ERCOT — Large Load Integration (forms, reports & Batch Zero) · PJM — 2025 Long-Term Load Forecast (data-center-driven growth) · EIA — Commercial electricity sales in Virginia driven by data centers (2025)

How the grid operators & FERC are responding

3 RTOsFERC orders (PJM + MISO + SPP)
~$16.4BPJM capacity auction (record)
$50k/MWTexas SB 6 interconnection fee

The through-line: co-location (data centers siting next to power plants to bypass grid queues) and cost allocation (who pays for the transmission upgrades these loads require).

FERC, PJM, ERCOT, MISO & SPP — what each is doing

FERC

In December 2025 FERC directed PJM to write co-location rules for data centers siting next to power plants. In June 2026 FERC issued show-cause orders to MISO, SPP, and other RTOs requiring them to adopt large-load interconnection standards. FERC — directs PJM to write co-location rules for data centers (Dec 18, 2025 fact sheet; Docket EL25-49/AD24-11) · FERC — show-cause orders to MISO, SPP & other RTOs on large-load interconnection (Jun 18, 2026)

PJM

The 2025 capacity auction cleared at record prices (~$16.4B total across 13 states), driven in large part by data-center load growth. PJM is developing new co-location rules per FERC’s order. Monitoring Analytics (PJM market monitor) — data centers drove $6.3B of the record $16.4B 2025 capacity auction (38%), and $29.4B of $63.6B across the last four auctions (46%); see the 2025/2026 RPM Base Residual Auction analyses

ERCOT / Texas SB 6

Texas SB 6 (signed 2025) authorizes ERCOT to curtail or disconnect large loads (≥75 MW) in emergencies, establishes new interconnection standards, and imposes a $50,000/MW fee on new large-load interconnections. Texas SB 6 (89R, signed June 20, 2025) — ERCOT may curtail/disconnect large loads (≥75 MW) in emergencies; new interconnection standards. Official bill text & history · Texas Legislature — SB 6 (89R), large-load grid rules, signed June 20, 2025. Official bill text & history

MISO

MISO launched its Large Load Interconnection Reliability (LLIR) process, requiring 90-day reliability studies for loads ≥100 MW before interconnection. MISO — Large Load Additions & Large Load Interconnection Reliability Requirements (2025–26)

SPP

SPP adopted its High Impact Large Load (HILL) 90-day study process for loads that would materially change system conditions. SPP — High Impact Large Load (HILL) integration, the 90-day study process from RR696; FERC accepted the tariff revisions effective Jan 15 2026 (first-party)

What to do with this

Use the state data to benchmark your community, the operator table to identify who you’re negotiating with, and the queue data to gauge how much more is coming.

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