U.S. Data Center Power Solutions

U.S. Data Center Power Solutions

The U.S. data center power solutions market is entering a decisive growth phase. Valued at approximately USD 16.17 billion in 2026, it is projected to reach USD 21.89 billion by 2031, expanding at a 6.25% CAGR, driven by AI workloads, cloud expansion, and severe grid capacity constraints. Hyperscalers are confronting a structural mismatch between demand growth and utility readiness: Google alone expects a 160% surge in power requirements by 2030, while grid interconnection timelines in major markets now stretch beyond five years.

This imbalance is accelerating investment in data center onsite and backup power solutions, including fuel cells, intelligent battery systems, microgrids, and advanced power distribution infrastructure. While hyperscalers pursue long-term nuclear and renewable strategies, small and mid-cap companies are emerging as critical enablers, delivering scalable, near-term power reliability.

U.S. Data Center Power Solutions

This article profiles five exchange-listed companies—Bloom Energy (BE), EnerSys (ENS), Powell Industries (POWL), Hannon Armstrong (HASI), and Broadwind (BWEN)—that are shaping the next generation of hyperscale data center power solutions in the United States. Each occupies a distinct but complementary position across primary generation, power management, distribution, financing, and infrastructure components.

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Surging Demand for U.S. Data Center Power Solutions (Onsite)

AI-driven data centers are projected to require USD 6.7 trillion in global infrastructure investment by 2030, with the United States accounting for the largest share. Northern Virginia, Texas, Ohio, and Arizona continue to anchor hyperscale expansion. In Northern Virginia alone, over 1,200 MW of capacity was absorbed in 2025, yet utility queue delays exceeding five years have made traditional grid reliance untenable.

As a result, operators are accelerating deployment of data center power management solutions such as fuel cells, hybrid microgrids, and intelligent UPS architectures. Industry surveys indicate that 27–33% of U.S. data centers could be fully or primarily onsite-powered by 2030, with many facilities adopting interim solutions ahead of planned small modular reactor (SMR) deployments later in the decade.

Small and mid-cap companies—typically with market capitalizations between USD 300 million and USD 10 billion—dominate these specialized segments. They provide the primary generation assets, smart backup systems, electrical distribution hardware, and financing structures that complement large OEMs such as Caterpillar or Cummins.

Hyperscaler strategies underscore this urgency. Google is targeting 24/7 carbon-free energy by 2030, combining large solar PPAs with over 700 MW of nuclear commitments. Microsoft is pursuing carbon-negative operations supported by SMRs, while Amazon has announced reactor restarts and long-term nuclear partnerships. Yet with most SMRs unlikely to come online before 2030–2032, data center backup power solutions and onsite generation technologies are filling a critical interim gap.

Tailwinds Supporting Small and Mid-Cap Data Center Power solution Providers

The broader U.S. data center support infrastructure market—including power, cooling, and energy systems—is expected to reach USD 109 billion by 2030, growing at an 11.9% CAGR. This environment favors agile providers capable of rapid deployment and customization.

Hyperscalers’ multibillion-dollar nuclear investments are also creating a “bridge opportunity” for fuel cells, batteries, and power distribution specialists. Backlog visibility, multi-year contracts, and long-duration service agreements are translating into sustained revenue pipelines for select public companies. While execution risk, gas price volatility, and policy uncertainty remain, the risk-reward profile for data center power solution companies appears compelling through 2030.

Selected Mid-Cap Data Center Power solution Providers Snapshots

Company	Market Cap	Key Catalysts	EV/EBITDA	Upside Potential	Key Risks
Bloom Energy (BE)	~$2.5B	1.8 GW Wyoming DC project; utility partnerships	~25x	~20%	Hydrogen transition, project timing
EnerSys (ENS)	~$4B	Battery intelligence rollout; cost savings	~10x	15–20%	Industrial demand slowdown
Powell Industries (POWL)	~$3B	Tripled backlog; AI campus expansion	~15x	~20%	Supply chain constraints
Hannon Armstrong (HASI)	~$3.5B	Energy-as-a-service financing growth	~12x	~15%	Interest rate sensitivity
Broadwind (BWEN)	~$70M	Capacity expansion; grid hardening	N/A	30%+ (speculative)	Execution volatility

Mid-cap Data Center Power Companies

Bloom Energy: Fuel Cells as Primary Data Center Power

Bloom Energy is a leading provider of solid oxide fuel cell–based data center power solutions. Its modular Energy Servers convert natural gas into electricity electrochemically, achieving over 60% efficiency, 99.999% uptime, and near-zero local emissions. Systems can scale from 200 kW to more than 500 MW within a compact footprint, often deployable in under 90 days, bypassing grid bottlenecks.

Bloom’s fuel cells are increasingly used as primary onsite power rather than backup. Customers include Equinix, Oracle, and CoreWeave, with cumulative deployments exceeding 100 MW. The company is expanding toward 2 GW of annual manufacturing capacity, positioning itself as a core enabler of hyperscale data center power solutions through 2030.

Over the longer term, Bloom plans to transition systems toward hydrogen and biogas, aligning with decarbonization goals and serving as a bridge until SMRs become commercially viable.

EnerSys: Intelligent Batteries for Next-Generation Backup Power

EnerSys specializes in data center backup power solutions through advanced TPPL (thin plate pure lead) batteries integrated with real-time monitoring. Its EnVision Connect platform embeds sensors that track voltage, temperature, and performance, enabling predictive maintenance and reducing unexpected failures.

As AI workloads increase rack-level power density, traditional UPS systems face growing stress. EnerSys’ intelligent battery architecture supports 99.9% uptime while reducing operational risk and lifecycle costs. Deployments across hyperscale and enterprise data centers demonstrate seamless failover and compliance with stringent reliability standards.

Beyond backup, EnerSys’ systems increasingly integrate with onsite generation and energy management platforms, strengthening its role in data center power management solutions for the AI era.

Powell Industries: Power Distribution at Campus Scale

Powell Industries provides mission-critical electrical switchgear, substations, and control systems for large data center campuses. Its solutions enable seamless transitions between grid power, onsite generation, and backup systems—an essential capability as operators adopt hybrid architectures.

With a backlog exceeding USD 1.3 billion, Powell is benefitting directly from AI-driven capex cycles in Texas, Virginia, and the Midwest. Its infrastructure supports multi-gigawatt campuses and integrates fuel cells, batteries, and utility feeds into unified power systems.

As hyperscale campuses grow larger and more complex, data center electrical infrastructure providers like Powell are becoming indispensable.

Hannon Armstrong: Financing the Power Transition

Hannon Armstrong plays a distinct role by financing data center power solutions through sustainable infrastructure investments. Its USD 100–400 million facilities enable energy efficiency upgrades, onsite generation, and renewable integration without requiring operators to deploy capital upfront.

By supporting energy-as-a-service models, Hannon Armstrong helps hyperscalers and colocation providers meet reliability and decarbonization targets simultaneously. As the U.S. data center support market scales toward USD 109 billion by 2030, financing platforms are emerging as critical enablers.

Broadwind: Infrastructure Components Supporting Grid and Renewables

Broadwind manufactures industrial components such as gearboxes and towers used in renewable energy and grid-hardening projects adjacent to data center hubs. While indirect, its products support transmission upgrades and renewable integration in power-constrained markets like Virginia and Ohio.

As utilities reinforce grids to serve hyperscale clusters, Broadwind stands to benefit from infrastructure spending tied to data center energy infrastructure expansion.

Data Center Power Solutions in Action

Company (Ticker)	Technology	Role	Scalability	Clients	2030 Edge
Bloom (BE) bloomenergy​	SOFC fuel cells	Primary	500MW+	Equinix/Oracle	H2/onsite shift
EnerSys (ENS) enersys​	Embedded TPPL batteries	Backup	260+ units	Hyperscalers	Predictive AI resilience
Powell (POWL)	Switchgear/substations	Distribution	Campus-scale	AWS/Google	GW integration
HASI (HASI) ​	Financing facilities	Funding	$400M+	Commercial DCs	Decarb capex
Broadwind (BWEN)	Gearboxes/towers	Components	Industrial	Renewables projects	Grid hardening

Power Challenges in U.S. Data Centers

U.S. data centers face several acute, real-world power challenges today:

1. Grid Interconnection Delays

In PJM and ERCOT regions, interconnection queues now exceed 4–7 years, delaying projects despite secured land and customers.

• Bloom Energy mitigates this by enabling behind-the-meter primary power, reducing reliance on utilities.
  

2. Rising Power Density from AI Workloads

AI racks exceeding 30–50 kW are straining legacy UPS and distribution systems.

• EnerSys addresses this with intelligent battery monitoring, reducing failure risk in high-density environments.

3. Reliability vs. Sustainability Trade-Offs

Operators must balance uptime with emissions targets amid regulatory scrutiny.

• Hannon Armstrong enables hybrid financing models that combine onsite generation with renewables and efficiency upgrades.

4. Electrical Complexity at Campus Scale

Multi-GW campuses require sophisticated switching, protection, and redundancy.

• Powell Industries supplies integrated switchgear and substations designed specifically for hyperscale environments.

Together, these companies are not just vendors—they are active problem-solvers in the U.S. data center power ecosystem.

Hyperscaler Pivot and Small/Mid-Cap Synergies

While nuclear power is expected to supply roughly 10% of U.S. data center demand by 2035, interim solutions remain indispensable. Fuel cells, intelligent batteries, advanced switchgear, and flexible financing models are enabling operators to scale today.

For investors, U.S. data center power solutions offered by small and mid-cap companies present asymmetric upside, supported by backlogs, long-term contracts, and structural demand growth.

Outlook: Nuclear Power to meet the power challenges in U.S. data centers

By 2030, SMRs and large renewables will increasingly contribute baseload capacity. However, modular onsite power solutions, hybrid microgrids, and intelligent backup systems will continue to define the operational backbone of U.S. data centers.

Small and mid-cap innovators—agile, specialized, and deeply embedded in hyperscale infrastructure—are positioned to remain central players in the AI-driven power race.

Frequently Asked Questions: Data Centers Power Solutions