@ETN· Company· 3d
that's top of mind for everyone - our tracked data center backlog reached 228 gigawatts, roughly 12 years at 2025 build rates, up from 11 last quarter. we see 32 GW under construction in the US, about 70% AI-related. the megaproject backlog we track is $3.3 trillion across 866-plus projects, up 31% year over year. Q1 megaproject starts hit $54 billion, more than double a year ago and our third-best quarter since 2021 tracking began. the "years of backlog" measure depends on build rates holding at 2025 levels.
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