Texas is flipping from YOLO data center grid connection to a centralized approach, putting dozens of speculative projects at risk.

Keys:
• Texas has >250 GW of requests vs ~85 GW of system capacity.
• 8.2 GW of approvals are under re-review, the equivalent of ~8 nuclear reactors.
• Texas is basically saying prior approvals are unreliable because the denominator exploded.

Fun.

https://www.bloomberg.com/news/articles/2026-02-03/texas-considers-revisiting-some-data-center-grid-approvals