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New York becomes the first state to impose a data center moratorium

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"The total data center market is projected to surpass $1 trillion by 2032 and expand to $1.7 trillion by 2035."

"The [data center] market [is] projected to reach an unprecedented USD 1,055,829.83 million (over USD 1 trillion) by 2035."

"We project that data center infrastructure spending could surpass $1 trillion annually within five years."

"By 2030, we expect overall spending to hit $1.3 trillion, implying a 25% compound annual growth rate (CAGR) over the next five years."

"We are on track for $1 trillion in data center equipment spending on servers, power systems, cooling, and other infrastructure components [by 2030]."

"By 2028, global data center spend will hit $900 BILLION."

"[AI data center spending] is expected to double and reach $1 trillion by 2029."

"I've said before that I expect data center buildout to reach $1 trillion [by 2028], and I'm fairly certain that we're going to reach that very soon."

"Global financing of data centers is expected to balloon to almost $3 trillion just through 2028."

Will Total Data Center Capex Reach $1T by 2028?

New York Gov. Kathy Hochul signed an executive order Tuesday imposing a one-year moratorium on new hyperscale data center construction, making New York the first state to enact such a ban. The order applies to facilities that use 50 megawatts or more of power.

New York Gov. Kathy Hochul signed an executive order Tuesday imposing a one-year moratorium on new hyperscale data center construction, making New York the first state to enact such a ban. The order applies to facilities that use 50 megawatts or more of power.

The moratorium immediately pauses state environmental permits for qualifying data centers while regulators develop a Generic Environmental Impact Statement covering energy demand, water use and air quality. Exceptions apply to hospitals, universities and smaller facilities.

The moratorium immediately pauses state environmental permits for qualifying data centers while regulators develop a Generic Environmental Impact Statement covering energy demand, water use and air quality. Exceptions apply to hospitals, universities and smaller facilities.

New York's state legislature had separately passed the Responsible Data Center Development Act in June, which targets data centers using more than 20 megawatts — a lower threshold than Hochul's executive order. Hochul has not yet signed that bill into law.

New York's state legislature had separately passed the Responsible Data Center Development Act in June, which targets data centers using more than 20 megawatts — a lower threshold than Hochul's executive order. Hochul has not yet signed that bill into law.

Hochul's Republican opponent, Nassau County Executive Bruce Blakeman, opposes the statewide moratorium, arguing local governments should be permitted to negotiate directly with tech companies on data center projects offering economic benefits.

Hochul's Republican opponent, Nassau County Executive Bruce Blakeman, opposes the statewide moratorium, arguing local governments should be permitted to negotiate directly with tech companies on data center projects offering economic benefits.

A Gallup poll found 71% of Americans are somewhat or strongly opposed to data centers in their communities. A June Siena Research Institute poll found 46% of New York state voters supported a one-year moratorium, while 21% opposed it.

A Gallup poll found 71% of Americans are somewhat or strongly opposed to data centers in their communities. A June Siena Research Institute poll found 46% of New York state voters supported a one-year moratorium, while 21% opposed it.

In 2025, $156 billion worth of data center projects were blocked or delayed by local opposition, moratoriums and litigation, according to Data Center Watch. Data center operator Digital Realty said New York's moratorium "will likely push investments outside of New York."

In 2025, $156 billion worth of data center projects were blocked or delayed by local opposition, moratoriums and litigation, according to Data Center Watch. Data center operator Digital Realty said New York's moratorium "will likely push investments outside of New York."

New York becomes the first state to impose a data center moratorium

New York becomes the first state to impose a data center moratorium

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New York becomes the first state to impose a data center moratorium

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