CITIC Securities: Computing Power Drives Power Restructuring, the U.S. Self-supplied Power Sector Opens a New Trillion-dollar Track

The explosive growth of AI computing power is causing a disruptive restructuring of global power supply and demand patterns. As the core location for global AIDC construction, the United States is facing an unprecedented power shortage crisis. The severe mismatch between the power grid construction cycle and the AI server deployment cycle, combined with the inherent fragmentation of the U.S. power grid and insufficient cross-region transmission capacity, is driving AIDC self-supplied power from an “optional solution” to a “rigid necessity.” In March 2026, the seven major U.S. AI giants signed the “Electricity Bill Payer Protection Commitment,” clearly stating that “the entire incremental power demand will be self-supplied, and all costs will be self-borne,” officially marking the first year of industrialization for AIDC self-supplied power.