Morgan Stanley estimates that US data centers will require approximately 68 gigawatts (GW) of power between 2026 and 2028, of which about 15 GW is already under construction and another 15 GW can be supplied through existing or contracted grid capacity, leaving a potential power gap of 38 GW. The bank believes that AI companies will not wait years to connect to the grid, and data center developers will seek faster ways to obtain power, including on-site natural gas turbines, fuel cells, and more. GE Vernova sells turbines that aid in power generation, Eaton provides equipment needed for power distribution, and Vertiv sells power management and cooling systems.