Ratings for the physical buildout of AI
Entities
Compute Institute tracks 82 entities — owners, operators, developers, tenants, investors, lenders, utilities, contractors, and suppliers — holding 202 tracked roles across 35 AI data-center projects. Every role is backed by cited claims from named source documents on the E1 (strongest) – E5 (weakest) evidence ladder. Fermi America (Fermi Inc.) carries the largest tracked capacity exposure at 11,000 MW across 1 project. Evidenced committed capital across all tracked roles totals $211.3B.
Insights
Three hyperscalers (AWS, Google, Microsoft) command $128.3B of the $211.3B total capital—61% concentration—while Nvidia alone gates five projects across the supply chain with no viable substitute in the tracked data. Buildout speed and cost are now hostage to two chokepoints: chip allocation and three firms' capex decisions.
AI-generated · updated 12 hours ago
Walton EMC
Utility
1
1
—
—
Turner Construction
Epc Contractor
0
0
—
—
Telecom Argentina
Other
3
1
—
—
Silicon Ranch
Utility
1
1
—
—
QTS
Datacenter Operator
1
1
—
—
Nucleoelectrica Argentina
Other
2
1
—
—
National Grid Renewables
Utility
1
1
—
—
INVAP
Other
1
1
—
—
Intersect Power
Utility
1
1
—
—
du (Emirates Integrated Telecommunications Company)
Other
4
1
—
$544M
Dominion Virginia Power (Dominion Energy)
Utility
2
2
—
—
Compass Datacenters
Datacenter Operator
1
1
—
—
CNEA (Comisión Nacional de Energía Atómica)
Government Body
1
1
—
—
ARSAT (Empresa Argentina de Soluciones Satelitales)
Other
3
1
1 MW
$17M
Stonepeak
Investor
1
1
9 MW
—
Cirion Technologies
Datacenter Operator
2
1
9 MW
—
James L. Williams Middle East
Epc Contractor
1
1
30 MW
—
Laing O'Rourke
Epc Contractor
1
1
100 MW
—
Etihad Water and Electricity (EtihadWE)
Utility
1
1
100 MW
—
El Paso Electric
Utility
2
1
100 MW
—
First Abu Dhabi Bank
Investor
2
2
130 MW
—
Abu Dhabi Commercial Bank
Investor
2
2
130 MW
$2.6B
Microsoft
Hyperscaler
10
4
200 MW
$26.3B
Khazna Data Centers
Datacenter Operator
6
3
330 MW
—
Sur Energy
Other
3
1
500 MW
—
Government of Argentina (Consejo Nuclear Argentino)
Government Body
3
2
500 MW
—
We Energies (WEC Energy Group)
Utility
4
2
902 MW
—
xAI
Ai Lab
2
1
1,000 MW
—
Williams Companies
Utility
2
1
1,000 MW
—
Valor Equity Partners
Investor
1
1
1,000 MW
—
STACK Infrastructure
Datacenter Operator
2
1
1,000 MW
—
Solaris Energy Infrastructure
Utility
2
1
1,000 MW
—
Related Digital
Datacenter Operator
2
1
1,000 MW
—
Qatar Investment Authority
Sovereign Wealth Fund
1
1
1,000 MW
—
DTE Energy
Utility
2
1
1,000 MW
—
Doña Ana County
Government Body
1
1
1,000 MW
—
Cisco
Hardware Vendor
1
1
1,000 MW
—
BorderPlex Digital Assets
Datacenter Operator
2
1
1,000 MW
—
Blackstone
Investor
2
2
1,000 MW
—
Bank of America
Investor
1
1
1,000 MW
—
Primary Digital Infrastructure
Investor
1
1
1,200 MW
—
Crusoe
Datacenter Operator
2
1
1,200 MW
—
G42
Other
6
4
1,330 MW
—
VoltaGrid
Utility
1
1
1,400 MW
—
MUFG (Mitsubishi UFJ Financial Group)
Investor
1
1
1,400 MW
—
INNIO (Jenbacher)
Hardware Vendor
1
1
1,400 MW
—
DigitalBridge
Investor
1
1
1,400 MW
—
Silver Lake
Investor
3
3
1,530 MW
—
Talen Energy
Utility
2
1
1,920 MW
—
Morgan Stanley
Investor
1
1
2,000 MW
—
Entergy Louisiana
Utility
2
1
2,000 MW
—
BlackRock
Investor
1
1
2,000 MW
$3B
MGX
Sovereign Wealth Fund
4
4
2,130 MW
—
Indiana Michigan Power (AEP)
Utility
2
1
2,200 MW
—
Anthropic
Ai Lab
1
1
2,200 MW
—
Annapurna Labs (Amazon)
Hardware Vendor
1
1
2,200 MW
—
Vantage Data Centers
Datacenter Operator
6
2
2,302 MW
$15B
JPMorgan Chase
Investor
2
2
2,600 MW
$7.1B
Xcel Energy
Utility
1
1
2,700 MW
—
Ryan Companies
Other
1
1
2,700 MW
—
Google
Hyperscaler
9
3
2,700 MW
$49B
PIMCO
Investor
2
2
3,000 MW
$18B
Meta
Hyperscaler
12
4
3,100 MW
$11B
Nvidia
Hardware Vendor
5
5
3,200 MW
$2B
Blue Owl Capital
Investor
2
2
3,200 MW
$22B
Amazon Web Services
Hyperscaler
14
4
4,120 MW
$53B
Knighthead Capital Management
Investor
1
1
4,400 MW
—
Kiewit Power Constructors
Epc Contractor
2
1
4,400 MW
—
Homer City Redevelopment
Other
2
1
4,400 MW
—
EQT Corporation
Utility
1
1
4,400 MW
—
Schneider Electric
Other
1
1
5,000 MW
—
EDF
Utility
1
1
5,000 MW
—
Oracle
Hyperscaler
5
5
5,102 MW
—
GE Vernova
Hardware Vendor
2
2
5,600 MW
—
SB Energy
Other
3
2
6,200 MW
—
SoftBank Group
Investor
4
3
7,200 MW
—
OpenAI
Ai Lab
9
8
8,202 MW
—
Undisclosed equipment financing providers
Investor
1
1
11,000 MW
$885M
Texas Tech University System
Investor
1
1
11,000 MW
—
Siemens Energy
Hardware Vendor
1
1
11,000 MW
—
Public market investors (Nasdaq & LSE IPO)
Investor
1
1
11,000 MW
$785M
Fermi America (Fermi Inc.)
Other
2
1
11,000 MW
—
Tracked MW exposure counts each project once per entity, regardless of how many roles the entity
holds on it; evidenced capital sums committed capital recorded against individual roles, each backed
by a cited claim. Open any entity for its full portfolio with role-level detail and linked sources.