The AI Bottleneck Is Not Chips. It Is a Steel and Copper Box With a Three-Year Lead Time.
Generator step-up transformer lead times passed 160 weeks by Q1 2026, up from about 52 weeks in 2020. Johns Hopkins projects unmet demand of 14.1 GVA for data centre transformers and 22.1 GVA for UPS by 2027, and Kimmeridge says as many as half of planned US data centre projects are at risk of delay or cancellation. FERC is fast-tracking grid connections. A faster queue does not conjure a transformer.









