Project proposed by Smart Energy Partners still in extremely early stages

Trend seen in all regions despite extraordinary new supply growth

Comes ahead of DayOne’s $20 billion IPO

Potential development already facing local opposition

Anonymous sources suggest there is no plan for an extension or alternative

Funds will be used to develop data centers for AI and hyperscale customers

The company will expand and accelerate its data center developments with $445.4m in net proceeds

Developer to invest in build-to-suit-to-lease data centers in the pursuit of recurring revenue

Site will offer manufacturing, robotics, AI, co-location, energy production, and more

State agencies were directed to protect utility ratepayers and residents' quality of life

Development could bring $200 million in tax revenue and create 1,500 construction jobs

Additional 250GW of capacity required under “aggressive but still plausible” scenario

Funds will be used to refinance existing Drangedai debt, plus additional construction

Developers to pay entirely for their own energy needs

Rose from 13 applications in 2024 to 26 in 2025

Project to be completed in Q1 2028

Severe convective storms, hurricanes, winterstorms, and earthquakes

Capex to reach $785bn in 2026, according to Moody’s forecasts

City officials are promising maximum transparency

Includes digital infrastructure and renewables

Funding will be used fo further construction

Campus is designed to support hyperscale and AI infrastructure deployments

No final decisions have been made

Facility leased to an unnamed $3 trillion market cap company