Corporate Strategy

The Wait to Plug Into the Grid Is Now Longer Than the Build

Interconnection queues have become the binding constraint on new generation. A project can be financed, permitted, and ready while waiting years for permission to connect.

↩ Looking BackPart of the 2020 to 2026 retrospective, written in July 2026. The date below marks the 2023 events this piece revisits, not when it was published, so it draws on everything known through mid 2026.
Nathan Xiang·May 31, 2023

Why Connection Requires Study

Adding generation to a transmission network changes power flows everywhere on it. The operator must confirm the network can accept the output without violating stability limits, and determine what upgrades are required.

That analysis is genuinely necessary. A grid is a single interconnected machine, and a connection that overloads a line affects everyone.

The Queue Problem

The difficulty is that each study depends on what else is connecting. If Project A connects, the flows change, which alters what Project B requires.

So projects are studied in sequence, each assuming everything ahead of it proceeds. When a project ahead withdraws, the assumptions change and the studies behind it must be redone.

Every withdrawal invalidates the work behind it. A queue full of speculative projects that will never be built forces repeated restudy of the ones that would be.

Why the Queue Filled With Projects That Will Not Be Built

IncentiveEffect
Low cost to enter the queueSpeculative applications are cheap
Position determined by dateApply early, decide later
Multiple applications per siteSame project queued several ways
No penalty for withdrawingNothing filters the queue

Where entering costs little and position is valuable, the rational move is to file many applications and withdraw the ones that do not work out. Individually sensible, collectively the queue becomes largely fictional and the studies become worthless.

Who Pays for the Upgrades

The other contested question is cost allocation. If connecting a project requires a network upgrade, who funds it.

Assigning the full cost to the project that triggered it seems fair and produces a perverse result: the last project to arrive can be assigned an upgrade that benefits many, which makes it uneconomic and causes it to withdraw. The cost then falls to the next project, which withdraws for the same reason.

Spreading costs across all users avoids that and weakens the signal about where connecting is cheap. Neither approach is clearly right, and the allocation rule substantially determines which projects get built.

The Reforms That Have Helped

The changes with the best record share a theme: study projects in clusters rather than one at a time, so interdependencies are resolved together, and raise the cost of entering the queue so speculative applications are filtered out before consuming study resources.

Requiring evidence of site control and meaningful deposits removes projects that were never real, which shortens the queue for those that are.

Why This Is the Real Constraint

The consequence is that the bottleneck on new generation in many systems is not cost, technology, or even permitting. It is administrative capacity to process connections and physical capacity to move power once connected.

Transmission is the deeper constraint. New lines take a decade or more, cross many jurisdictions, and face local opposition, so the network the queue is trying to connect to is itself expanding far more slowly than generation wants to.

What It Means Commercially

For a developer, queue position is a real asset, and projects are bought and sold substantially for it. For an investor, the relevant question about a pipeline is not how many megawatts it contains but where those projects sit in the queue and how firm their cost assignments are.

A pipeline measured in capacity without reference to interconnection status is describing an aspiration.

The Bottom Line

Connection studies are necessary and become self defeating when a queue fills with projects that will never be built, since each withdrawal forces the rest to be redone. Cluster studies and real entry costs address it. Underneath sits the slower problem that transmission expands over a decade while generation wants to connect in two years.

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