With interconnection queues stretching past seven years and turbine order books filling into the next decade, the proposed Nixxy-Tachyon9 platform joins a widening field of developers turning to on-site gas generation to keep AI capacity on schedule.

NEW YORK, June 11, 2026

The most consequential metric in U.S. data center development is no longer dollars per megawatt. It is time to power, and on that measure the grid is losing ground.

Projects entering interconnection queues in 2025 now face more than seven years on average to reach operation: three-plus years to secure an interconnection service agreement and four or more after that, according to Data Center Knowledge reporting from May. Lawrence Berkeley National Laboratory's "Queued Up" 2025 edition counted more than 2,060 GW of generation and storage waiting in U.S. queues, with a median of roughly five years from request to operation. PJM alone logged 95 large-load requests totaling about 54 GW through November 2025, and grid-connection waits in Northern Virginia, Phoenix and Dallas run four to seven years, per Bloomberg and Data Center Dynamics reporting citing Sightline Climate.

Against that backdrop, the strategy behind this morning's announcement from Nixxy, Inc. (NASDAQ: NIXX) reads less like a novelty than a fast-consolidating industry consensus. The company, which highlighted its recently announced strategic combination with AI infrastructure developer Tachyon9 Corporation, said the combined platform is being designed to integrate power, infrastructure, financing and compute deployment into a single execution framework, with behind-the-meter gas turbines supplying power on-site.

"We are building behind the meter gas turbines, so we avoid these delays," Shahal Khan, chief executive officer of Tachyon9, said in the release. "We recognized early that AI's greatest bottleneck would not be models or GPUs - it would be infrastructure."

The queue problem, in plain terms

For readers outside the interconnection trenches, the distinction is straightforward. A grid-connected, front-of-the-meter data center must wait for the utility or RTO to study its load request, approve an interconnection service agreement and complete any required network upgrades before it can draw power. A behind-the-meter project generates its own electricity on-site, typically with gas turbines or reciprocating engines, and serves the load directly, bypassing most of that study-and-upgrade process.

The appeal is the schedule. Behind-the-meter gas and fuel-cell projects can reach first power in roughly 18 months, versus four to seven years in the grid queue, according to analyses from Data Center Knowledge, SemiAnalysis and Orrick. Enverus calculates that queue-to-commercial-operation timelines have lengthened about 60% since 2017, averaging more than 2,100 days for projects achieving first power in 2025. Even where queue position is not the binding constraint, equipment is: Wood Mackenzie pegs average power transformer lead times at roughly 120 weeks as of 2024, with substation transformers running past 160 weeks this year.

Nixxy framed the stakes in its announcement, citing industry reports that nearly half of all U.S. AI data center projects planned for 2026 deployment have been delayed or canceled, with analysts the company cited estimating that more than 7 gigawatts of anticipated AI computing capacity may fail to come online as scheduled. Independent tracking points in the same direction: Sightline Climate analyst Olivia Wang counted 16-plus GW slated for 2026 across roughly 140 large projects, with only 5 GW visibly under construction as of February.

A playbook moving into the mainstream

The companies that moved earliest on behind-the-meter generation are the ones holding schedule today. Crusoe's Stargate campus in Abilene, Texas, runs on 29 GE Vernova LM2500XPRESS aeroderivative turbines totaling roughly 986 MW, with 4.5 GW of gas capacity secured through a joint venture with Engine No. 1. Chevron, Engine No. 1 and GE Vernova are developing a West Texas power complex starting at 2.5 GW, with power targeted for 2027. The Homer City redevelopment in Pennsylvania, planned at up to 4.5 GW on a former coal site and anchored by seven GE Vernova 7HA.02 turbines, received its state construction permit in March, with power expected in 2027. ExxonMobil has announced a gas plant of more than 1,500 MW for data center load designed to capture over 90% of its carbon emissions. In total, 46 data centers representing roughly 56 GW now plan their own behind-the-meter power, per reporting from Grist and Marketplace.

"Speed-to-market is the most critical aspect of powering AI development in the United States," Engine No. 1 founder and chief investment officer Christopher James has said, per Data Center Frontier.

Regulators are leaning into the model rather than against it. FERC has said it will act by this month on large-load interconnection reform in Docket RM26-4, including fast-tracked studies for co-located load, and in December ordered PJM to create four co-location service options after finding its existing behind-the-meter generation rules "no longer just and reasonable." In Texas, SB 6 is rewriting large-load and co-location rules in ERCOT, with PUCT implementation due by year-end.

The caveat: turbines have a queue of their own

The question every developer pitching behind-the-meter generation now gets is whether the bypass route has developed a line of its own. The order books say it has. GE Vernova's gas turbine backlog hit 100 GW in the first quarter, up 17 GW from year-end 2025, with data centers accounting for roughly 20 GW of it, and the company booked $2.4 billion of data center electrification orders in the first quarter alone, more than in all of 2025. "2026 and '27 are largely sold out; we are approaching filling out '28," GE Vernova CEO Scott Strazik said last July. NextEra Energy CEO John Ketchum was blunter at the same event: "You have to get in a long line to get a gas turbine. There's a lot of global demand."

The constraint is class-specific, however. Heavy-duty combined-cycle blocks now carry five to seven year lead times, while aeroderivative and simple-cycle units, the workhorses of the fast behind-the-meter builds, still run closer to 18 to 24 months. That is the lane a 120 MW first phase fits into.

Where Nixxy-Tachyon9 fits

That is the context for the timeline Nixxy laid out: a Phase 1 buildout of 120 MW slated for Q2 2027, the leading edge of what the companies describe as a development pipeline pursuing approximately $1 billion of planned capital investment, largely through debt facilities and construction loans, backed by projected offtake agreements. According to the announcement, Tachyon9 contributes approximately $64 million in equipment, land option rights for the Nakota project, and a signed LOI for the entire 1 GW development, while Nixxy brings its public market platform, telecommunications infrastructure, AI technologies and capital markets capabilities.

A 120 MW increment is sized for equipment that can still be delivered on AI-relevant timelines, and the integrated structure the companies describe, with power, site, financing and compute under one execution framework, mirrors the template that has worked at Abilene and in West Texas. The execution questions are the standard ones for any new behind-the-meter entrant: securing equipment delivery slots, and converting projected offtake into signed contracts that lenders will underwrite. In a market where Sightline projects 30 to 50% of 2026-slated capacity could slip, the companies are betting that controlling generation on-site keeps the schedule in their own hands.

"Our vision with Nixxy/Tachyon9 is to develop an integrated platform capable of delivering power-ready AI infrastructure at a time when the market needs it most," Khan said.

About Nixxy, Inc.

Nixxy, Inc. (NASDAQ: NIXX) is an AI communications and data infrastructure company focused on next-generation digital infrastructure platforms positioned at the intersection of artificial intelligence, high-performance compute, energy, and data center infrastructure. The Company is pursuing large-scale opportunities supporting the rapidly growing global demand for AI compute capacity, sovereign AI initiatives, and next-generation energy-backed digital infrastructure. For more information, visit www.nixxy.com.

About Tachyon9

Tachyon9 is a private operating company specializing in energy infrastructure, transmission equipment, and data center assets. Tachyon9 serves as the primary asset and revenue contributor in the proposed transaction, contributing approximately $64 million in equipment, land option rights for the Nakota project, and a signed LOI for the entire 1 GW development.

Contacts

Investor Relations: Nixxy, Inc., [email protected] Media: John Arundel, Managing Director, Perdicus Global Communications, Washington, DC, [email protected], (703) 963-4191

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed strategic combination between Nixxy, Inc. and Tachyon9 Corporation, planned capital investment, development timelines, projected offtake agreements, and anticipated market conditions. Forward-looking statements are based on management's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Investors should review the risk factors described in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 15, 2026, and other filings with the Securities and Exchange Commission. Nixxy undertakes no obligation to update forward-looking statements except as required by law.