As data center demand accelerates, access to power has become the primary constraint on growth. Nowhere is this more evident than in the United States.

As a result, the US is leading the global shift toward behind‑the‑meter and net‑new power solutions as a means of unlocking growth. 

Data center operators and hyperscalers are working directly with utilities, power producers, and infrastructure owners to secure incremental capacity through dedicated generation, new grid infrastructure, allocation agreements, joint ventures, and site‑specific energy solutions, including grid‑independent power. 

It is a growing, nuanced market - here are the insights to help you decode it.

Where Data Centers are finding net new power

Discover the net-new power projects shaping the U.S. market

The Datacloud team has launched a service to track the most important examples of behind-the-meter deals around the world, with a particular focus on the United States, where behind‑the‑meter strategies are becoming a critical enabler of AI‑driven growth.

The deal tracking data includes:

  • Details on every major behind-the-meter/BYOP deal announced around the world
  • Information on power quantities, deal value and structure, partners, deal length and more
  • Commentary and analysis on trends and how deal structures are evolving

Complete the form to the right for free access to the data.

Want to include your deal or project? Tell us about it here.

Shape of the Market: What Do the Deals Tell Us?

With dozens of behind-the-meter partnerships and agreements already announced, many already in the delivery stage, Datacloud's market tracking is showing some interesting trends.

Firstly, North America dominates the market to date. Over 90% of the projects tracked involve data centres and energy companies in North America, almost all in the United States, reflecting the severe strain being suffered by grid and generating capacity in that country. There are very few documented tie-ups in South America due to the continent's healthy amount of renewable grid power, particularly in Brazil, and Europe is also poorly represented. Asia, on the other hand, is growing in importance in the BYOP market, with recent projects in Singapore, South Korea and Indonesia emerging.

In a sign of changing attitudes to sustainability in data centre power, 80% of all partnerships involve natural gas generation by total power generated, with no other power source representing more than 10% of the market.

In terms of deal structure, direct supply contracts represent the largest quantity of deals struck, with partnerships and MoUs following. Interestingly, while joint ventures are few in number, they combine to deliver a huge amount of actual power, representing the most important deal type by megawattage.

Behind-The-Meter Projects Around the World: At A Glance