An energy-model tracker shows the supply chain has 75GW of firm orders tied to behind-the-meter AI compute, with about 20GW ordered in Q2 2026. OpenAI and Oracle have contracted more than $150B for behind-the-meter power, including a 1.3GW IT site in New Mexico. ERCOT said the PUCT in May 2026 approved an arrangement in Freestone County linking a 1,099 MW gas plant with a 760 MW datacenter.

SpaceX plans to deploy 10GW of compute by the end of 2027, with capital spending projected at $300500B. The summary estimates that AI compute leasing can command premium pricing, with OpenAI and Anthropic generating more than $100B/GW/year in revenue. It also projects Microsoft Azure’s revenue growth could accelerate from about 42% to above 100%.

Nvidia has introduced a GPU rental revenue backstop program that offers neocloud operators a six-year minimum-revenue guarantee paired with a revenue-sharing arrangement. The structure is designed to ease a financing bottleneck for AI infrastructure and has been applied to projects including SharonAI in Australia and Firmus in Indonesia. The initiative is aimed at supporting the expansion of an AI-related debt market that the report projects could exceed $7T outstanding by 2029.