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Quanta Services builds the transmission lines, substations and high-voltage switchgear that connect new AI data centres to the grid, and it told investors that rising demand from data centres, electrification and grid modernisation is driving orders. Its total backlog reached a record $53.4 billion, Quanta Services' record grid-construction backlog as of 30 June 2026
Verified 2026-08-30
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- AI data centres are pushing US electricity generation to record highs. Total output from the country's power sector in the first half of 2026 rose 1.8% versus the first half of 2025, adding 37 billion kilowatt-hours