Bain projects $5tn to $6.5tn data center spending through 2030

Bain & Company projects $5 trillion to $6.5 trillion of data center spending through 2030, and the consultancy says capital is not the near-term constraint. That projection suggests a large addressable market for infrastructure investors, but the bottleneck is a physical and political problem rather than a financing problem.

Power availability, electrical labor and local opposition are the near-term constraints, according to Bain. The three categories point to permitting timelines, substation capacity, electrical workforce shortages and siting fights that can slow a project even when equity and debt are available.

Constellation Energy signed an 890-megawatt nuclear power purchase agreement with Google, and an Amazon contract supports almost 1.1 gigawatts of expansion at existing reactors. No price was disclosed. Canary Media reported that Constellation and Google are pursuing nuclear uprates, tied to the Trump administration's goal of adding 5 gigawatts of carbon-free nuclear capacity by 2029 without new reactors.

Virginia Lieutenant Governor Hashmi opposes the NextEra-Dominion merger over data center cost risk. NextEra says Dominion Energy Virginia would remain locally led and fully regulated.