(Re-posting from the Pangeo discourse)
With release 2023.3.1, dask offers a new method for rechunking arrays called p2p that rechunks large arrays at constant memory. This enables workloads that were previously un-runnable and required you to rechunk datasets ahead of time using tools like rechunker.
See Rechunking large data at constant memory in Dask [experimental] - HPC - Pangeo