Data Center Outlook Q1 2026

Despite the hype, we expect 30–50% of the 2026 data center pipeline to be delayed.

About this report

At least 16GW of data center capacity is slated to come online in 2026 across 140 projects, but only 5GW is in construction. Currence's Q1 2026 Data Center Outlook tracks the gap between announced and real capacity, and the quiet delays pushing timelines back.

This edition also covers how hyperscalers are buying into power development, the boom in battery storage for speed and flexibility, and what utilities, hyperscalers, and power providers should do next.

Key findings

26% of the 110 projects slated to come online in 2025 were delayed, and 10% quietly shifted their CODs.
Currence expects 30% to 50% of the 16GW due in 2026 to be delayed.
Google's $4.7bn acquisition of Intersect Power's 10.8GW pipeline shows hyperscalers moving into power development.
Developers like Aligned and CyrusOne are deploying BESS to advance CODs by years.
SPP's fast-track interconnection review makes it a stronger bet than a saturated Texas grid.