Gray Oak Power, a new company with a focus on helping data center firms accelerate site deployment by delivering customized, on-site energy solutions, has launched in the US.

Backed by global investment firm Denham Capital, Gray Oak Power will offer data center companies a fully integrated solution, including power plant design, permitting, financing, construction oversight, fuel procurement, commercialization, and long-term operations. The company will predominantly focus on gas-fired generation facilities.

According to the new company, its model will allow data center developers to bypass multi-year grid-connection timelines by bringing baseload power on-site, accelerating project delivery by five years or more. Once permanent grid service is available, Gray Oak’s facilities transition to long-term resiliency and backup power.

“This is a transformative moment for the data center industry,” said Emilio Vicens, CEO of Gray Oak Power. “Developers are securing land faster than utilities can deliver power. Gray Oak Power enables projects to move forward by providing firm, on-site generation that matches the pace, scale, and reliability demands of modern data centers, including high-density AI workloads.”

The new company will be based out of Houston, and touts more than 100 years of combined experience and a track record of developing, owning, and operating 9.8GW of power generation and related energy infrastructure worldwide.

The company has said the launch is in reaction to power demand growth projections from the data center market. According to recent research by S&P Global, US data center power demand is expected to triple by 2030, rising from 61.8GW in 2025 to 134.4GW.

“The data center industry’s power constraints align directly with the large-scale, power solutions expertise Gray Oak Power has developed over the past three decades,” said Justin DeAngelis, partner at Denham Capital and global head of Denham’s infrastructure team. “By pairing Gray Oak Power’s technical execution capabilities with Denham’s development experience and capital, we can offer data center developers a practical path forward when grid power is not available on commercial timelines. We’re thrilled to form and support Gray Oak Power’s mission and the significant impact they’re poised to make.”

The launch reflects a growing trend within the US where natural gas power plant developments have proliferated to power data center facilities. A recent brief from the Global Energy Monitor revealed that the US now has the most gas-fired power capacity in development globally, more than a third of which is slated to directly power data centers. According to the research, the US nearly tripled its gas-fired capacity in development in 2025 to around 252GW.

Much of the growth is within the Texas market, which accounts for nearly a third of the planned buildout with 80.6GW currently under development.

Notable deals last year included a 2.3GW agreement between VoltaGrid and Oracle to supply the cloud provider with modular gas capacity to support the growth of its artificial intelligence data centers.