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Michael Thomas: America is Losing Power Projects When It Needs Them Most
Electricity demand is growing faster than it has in decades in the United States. Data centers, manufacturing reshoring, and electrification are driving massive growth in power consumption. But at the moment America needs more electricity generation, the country’s infrastructure developers are cancelling projects at an alarming rate.
Over the last few weeks, we’ve been analyzing data to see how many power projects have been cancelled this year. In our latest report, we found that 1,891 power projects with a combined 266 GW of generation capacity have been cancelled in 2025—equivalent to roughly one-quarter of America’s entire current electricity generation capacity.
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