Infrastructure Pipeline & Capital Flow Throughput
Grid Bottlenecked
1. Land & Permitting
36 Mo
Zoning approval, environmental impact statements, and local council appeals.
2. Grid Interconnection
7.0 Yrs
Substation capacity allocation, TSO queue position, and high-voltage line builds.
3. Hardware Procurement
18 Mo
Advanced GPU/accelerator allocation, transformer substations, and cooling plant order times.
4. Active Compute
€95 /MWh
Operational levelized power tariff and sovereign compute output velocity.
Private Capital Crowded In
€2.4 B
Private multiplier: 0.24x per public €
Total Pipeline Latency
11.5 Yrs
Primary constraint: Grid Queue
Compute Levelized Cost
€84 /MWh
Subsidized reduction: -€4.2/MWh
Economic Foundation & Source Paradox:
"I don't understand the economics here. There is infinite demand to build compute infrastructure. The only reason govt would need to subsidize it is that other structural issues are getting in the way. Why not just fix those?" — @Afinetheorem
Direct cash subsidies (e.g. EU €10B AI fund) yield minimal active capacity (1.2 GW baseline) because private capital (€500B+) cannot navigate multi-year grid queues and complex permitting. Unblocking structural friction scales active compute to 24.5 GW with 12.4% taxpayer capital efficiency.