Electricity is now holding back growth across the global economy

The chip equipment maker ASML Holding NV is so crucial that a swing in its fortunes can sway the Dutch economy and the global development of artificial intelligence. Now one of the company’s biggest growth plans — building a new campus that will employ as many as 20,000 people in the country’s Eindhoven region — depends on whether or not it can get an electricity connection.

Despite the high stakes, there’s no guarantee ASML will get the electricity it needs. That’s because the company is one among 12,000 businesses in the Netherlands…