SemiAnalysis Puts 30 GW of 2028 Capacity on Tomorrow's Ballot, as Google Offers Xcel Exit Fees in Minnesota and Musk Adds Two Colossus 2 Clusters
Monday, November 2, 2026 · 10 min
SemiAnalysis maps how Tuesday's governor races, led by Texas and its TCEQ permit freeze, could move the 2028 US data center buildout. Google proposes minimum bills and exit fees for a 780 MW Minnesota campus, Musk says two new Colossus 2 clusters run before year-end, and OpenAI's Stargate team talks HBM and power gear in Korea.
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SemiAnalysis maps how Tuesday's governor races, led by Texas and its TCEQ permit freeze, could move the 2028 US data center buildout. Google proposes minimum bills and exit fees for a 780 MW Minnesota campus, Musk says two new Colossus 2 clusters run before year-end, and OpenAI's Stargate team talks HBM and power gear in Korea.
In this episode
- The Datacenter Backlash Goes Bipartisan: Next Week's Midterms and the 2028 Buildout — Maya Barkin, Wayne Ma, Reyk Knuhtsen, Jeremie Eliahou Ontiveros, Dylan Patel
“The fight is over 2028. Our model has 62.2 GW of US net additions that year, most of which hasn’t started construction. Much of it sits in states electing a governor on Nov. 3.”
- Massive AI Data Center Sparks Backlash Despite Clean Energy Promises | OilPrice.com — Felicity Bradstock
“The proposed agreement includes minimum demand charges and exit fees, meaning that Google will be required to finance the development of the infrastructure even if the demand for AI decreases.”
- Musk: 2 More SpaceXAI Data Centers Near Southaven by December | DeSoto County News — Jon Myers
“In posts on X on Saturday, Oct. 31, Musk gave the new clusters nicknames, “Gun Range” and “Spam,” and said each would hold about 200,000 or more of Nvidia’s newest AI chips.”
- 'Stargate Team' Arrived Before Altman... Follow-Up Talks on HBM, Infrastructure - The Asia Business Daily — Kwon Hyeonji by Park Joonyi
“They reportedly discussed contract sizes and supply terms required for actual infrastructure construction, moving beyond an initial review of the project's business viability.”