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Data Center Hyperscalers ‘Actively Seeking to Connect’ as Utilities Vie for Natural Gas, Electric Deals

Natural Gas Intelligence · last updated

America’s natural gas and electric utilities executives, racing to rewire their capacity for the digital era, are delivering a consistent message: data centers are now the dominant growth driver, with natural gas the indispensable backbone for meeting rising power loads.

Bar chart titled “Utility Pipeline Contract Capacity by Status & Share of Current U.S. Peak Load,” showing pipeline capacity in gigawatts (GW) by category. Values include: Construction (17 GW), Committed (99 GW), Advanced Discussion (22 GW), CenterPoint Undisclosed (10 GW), High Confidence (147 GW), Undisclosed (46 GW), and Uncommitted (231 GW). The U.S. peak load benchmark is 745 GW, with uncommitted and high-confidence categories representing the largest shares of potential capacity additions. Source: Wood Mackenzie.

At A Glance:

  • Mergers aiming to capture soaring load
  • Long-term contracts locking in new demand
  • Grid queues swell with data center requests