Hyperscalers Stop Waiting on the Grid as ERCOT Stares at 218 GW

Crusoe's 1 GW GE Vernova order, Meta's 366 MW El Paso behind-the-meter build, and xAI's 1.2 GW Mississippi turbine approval confirm that bring-your-own-power is now the default architecture, not the hedge. Developers who haven't reserved turbine slots by mid-2026 will be bidding against a backlog stretching to 2030, right as ERCOT projects 218 GW of peak demand by 2031.