Phantom Data Centers Didn't Break the Power Grid—They Proved it Was Already Broken (opens in new tab)

The requests flooding interconnection queues come from data center developers, private equity funds, land brokers, and shell companies, many of whom lack site control, a construction timeline, or even a signed customer. They secure a queue position, bet that powered land will attract a buyer, and wait. The industry calls them "phantom data centers," and the grid isn't prepared to handle them.