Crusoe

Recent news

• Sep 8, 2026

  Behind Google's Contract for Geothermal Instead of Solar Is the Premium Available For Firm Power

  Google has announced a 396 MW geothermal power deal with Fervo Energy, with an option to expand to nearly 1 GW by June 2030.

  • The deal was signed on August 26 and sources enhanced geothermal power from Cape Station, Utah, United States; delivery is planned in four tranches of 99 MW starting in Q3 2028 under a 15-year term with parent guarantees from Fervo and Alphabet.
  • The article is an analysis/commentary on why hyperscalers are paying for firm, 24/7 power; it references Google’s broader contracted portfolio, India’s data-centre power demand estimates, and the potential role of solar + BESS, hybrid wind-solar-storage, and RTC tenders.
  • It does not present a new India-specific project announcement; instead, it argues that data-centre buyers may favor round-the-clock clean power over the cheapest intermittent renewable supply.
• Aug 27, 2026

  QumulusAI Scales GPUs, but Powered Capacity Sets the Pace

  QumulusAI reported its second-quarter results and said it signed $169.7 million in new customer agreements while more than tripling its deployed GPU fleet.

  • Deployed GPUs rose to 3,088 at the end of June from 952 three months earlier; the company signed 21 new direct AI compute contracts and brought cumulative signed customer contract value to $282.5 million across 40 multiyear agreements.
  • QumulusAI ended the quarter with 8 MW of HPC capacity under executed lease and colocation agreements, all committed to customers, and has contracted for up to 3.75 MW in metropolitan Atlanta for expected service in the fourth quarter; it also purchased 1,632 Nvidia Blackwell B300 GPUs during the quarter.
• Aug 26, 2026

  Facilities betting big on low-cost, 100-hour iron-air batteries

  Form Energy has announced a $750 million capital infusion and said the proceeds will accelerate manufacturing scale-up.

  • The company said the financing brings total capital raised to $2 billion since its 2017 launch, and will help scale its manufacturing facility in Weirton, West Virginia.
  • Form Energy is also working with Google and Xcel Energy on a project in Pine Island, Minnesota to supply 300 MW of battery capacity and 30 GWh of storage; the article notes this could be the world’s largest battery and that Form has an 80 GWh order backlog including projects tied to Crusoe and FuturEnergy Ireland.
• Aug 25, 2026

  Lancium, Nvidia Partner on Gigawatt-Scale AI Data Centers

  Lancium has announced a partnership with Nvidia to deploy Nvidia’s AI factory technology across its Texas data center portfolio, alongside a strategic Nvidia investment in Lancium. The companies did not disclose the investment amount.

  • Lancium says its portfolio includes 4 GW of leased capacity and more than 15 GW of powered land in development; it will use Nvidia’s DSX reference designs and power-management technologies across its campuses.
  • Lancium said its campuses will support full-stack AI factory platform deployment, with accelerated computing, networking and software; the company also said its campuses combine grid interconnections, behind-the-meter generation and energy storage.
  • Publicly announced Lancium projects cited in the article include a 1.2 GW Clean Campus in Abilene, a 1 GW campus in Childress County, and a campus near Turkey in Hall County with QTS; QTS and Lancium said that Hall County campus is expected to bring more than $10 billion in capital investment. Lancium also closed a $600 million debt financing package in 2025, and a $3.4 billion joint venture was formed in 2024 for more than 200 MW at the Abilene campus.
• Aug 5, 2026

  Navigating Virginia’s Data Center Boom: Policy Shifts, Local Projects, and Future Challenges

  Virginia is tightening its data center policy framework while multiple new projects and land deals continue to advance.

  • Senators Richard Stuart and Russet Perry called on Gov. Abigail Spanberger on August 3 to convene a special legislative session on groundwater strain; other lawmakers are considering a statewide moratorium on new data center development.
  • New rules that took effect July 1 include a 1.1 cents per kilowatt-hour electricity consumption tax capped at $600 million annually, plus Tier 4 backup generator requirements, noise studies, demand-flexibility measures, and transmission-cost scrutiny.
  • The article also details several projects and land transactions, including Yondr/Cerberus’ 72MW Manassas campus, AWS’s Bridgefield Tech Center in Ashburn, and site activity in Petersburg, Franklin County, Hopewell, and Sterling.
• Aug 4, 2026

  New Data Center Developments: August 2026

  This article is a curated monthly roundup of data center news, summarizing multiple announcements, reported deals, and policy actions across regions.

  • It highlights several new project announcements and construction updates, including Meta’s 5 GW Hyperion expansion, OpenAI’s Project Camellia in Georgia, Iron Mountain’s 48 MW RCH-1 break ground, and Meta’s 1 GW Canadian campus in Alberta.
  • It also covers policy and market developments such as New York’s permit pause for sites over 50 MW, Texas’s ERCOT queue audit, North Carolina’s tax change, Nebraska’s incentive block, plus large capital figures including €1.5 billion, $38.4 billion, $500 million, $400 million, and $10 billion across various projects.
• Aug 3, 2026

  NVIDIA’s Reported $50B Lease and the Nuclear-Powered AI Factory

  The article reports two separate announcements and analysis of their implications for AI infrastructure and power supply.

  • Hut 8 disclosed two 15-year leases at its 1-gigawatt Beacon Point campus in Texas, with a $19.6 billion base-term value and a potential $50.2 billion campus-level value if renewals are exercised.
  • Aalo Atomics and Crusoe said they plan to deploy a Crusoe Spark modular data center at Idaho National Laboratory in 2027 and then deploy Aalo Pods of 50 megawatts electric by the end of 2029; Crusoe says the modular factory effort involves more than $200 million.
  • The piece also notes that NVIDIA was identified by the Financial Times as the likely tenant behind the Beacon Point leases, though NVIDIA did not confirm the report.
  • This is a commentary/analysis article that references recent announcements rather than serving as the original announcement itself.
• Jul 31, 2026

  Texas approves AI data center co-location next to wind farm, with curtailment caveats

  The Public Utility Commission of Texas has approved a net metering arrangement for a 260-MW AI data center co-located with a wind farm, while imposing ERCOT reliability conditions on the project.

  • The July 23 order requires the data center to be able to curtail its full load within 30 minutes during grid emergencies, with physical breaker disconnection if needed, and bars it from participating in paid demand response programs tied to the arrangement.
  • The proceeding is a major test of Texas SB 6 and lets the co-location move forward without a project-specific exception; the order also says ERCOT should give 60 minutes’ notice when practicable, with the operator able to commit to a 10-minute response.
  • Crusoe and Ensign argued the second load should not face the same curtailment requirement because the combined load of about 525 MW exceeds the wind resource’s 265.5 MW capacity; the commission largely adopted the administrative law judge’s recommendation and revisions from Chairman Thomas Gleeson.
  • Chris Talley of GridTracker said the order is not a “death blow” to co-location in ERCOT, but that the architecture now requires full backup capacity; he also pointed to a pending Amazon and Vistra co-location application near the Comanche Peak nuclear plant as a case to watch.
• Jul 30, 2026

  Aalo, Crusoe Plan 2027 INL Demonstration Pairing Nuclear Power and AI Data Center Load

  Aalo Atomics and Crusoe have announced a strategic partnership to develop a nuclear-powered AI Factory data center, beginning with a proof-of-concept deployment at Idaho National Laboratory in 2027.

  • Aalo will initially power a Crusoe Spark modular data center running Crusoe Cloud at INL in 2027.
  • The companies intend to deploy Aalo Pods and 50-MWe Aalo XMR power plants at Crusoe data centers by the end of 2029.
  • The article also says Aalo’s Critical Test Reactor (CTR) reached criticality at INL on July 4, and that Aalo-X is planned as a 30-MWth/10-MWe sodium-cooled demonstration plant.
  • Crusoe said its contracted AI infrastructure capacity was approaching 5 GW and cited other projects including a 900-MW campus in Abilene, Texas, a 1-GW campus in Childress, Texas, a roughly 750-MW U.S. power agreement, a 12-GWh battery agreement, and a 5-GW AI UPS deployment agreement.
• Jul 24, 2026

  The Gigawatt Buildout Faces the Execution Test

  The article is an analysis and commentary piece about the data center and AI infrastructure market, highlighting several recent announcements and deals rather than a single new announcement by one entity.

  • Alphabet raised its 2026 capital spending forecast to $195 billion-$205 billion, while OpenAI said it is developing Project Camellia in Effingham County, Georgia with 3.2 GW of power to be delivered from 2028 through 2032.
  • The piece also cites the $40 billion acquisition of Aligned Data Centers by BlackRock, MGX and GIP, Hut 8‘s 15-year, 352 MW lease in Texas, and several financing and permitting pressures, including a possible $7 billion collateral requirement for Oracle in Wisconsin and $12 billion of financing for Meta’s Texas project.
• Jul 23, 2026

  White House Expands Data Center Ratepayer Pledge as Congress Moves to Codify Protections

  The White House expanded its voluntary Ratepayer Protection Pledge to 187 utilities, electric cooperatives, and data-center developers, while Congress advanced the bipartisan Ratepayer Protection Act from committee 52-0.

  • The White House said the pledge now covers 187 organizations plus 23 governors, and the coalition “protects” 263 million Americans; signatories commit to fund generation and grid upgrades for their data-center loads without shifting costs to other ratepayers.
  • The House Energy and Commerce Committee advanced H.R. 9340 on July 21; the bill would require state regulators and nonregulated utilities to consider a large-load standard for sites with at least 100 MW peak demand and recover the full incremental cost of grid upgrades. New York’s Executive Order 62 separately put permits for 50 MW+ data centers on hold pending an environmental review.
• Jul 23, 2026

  Analysis: Recent AI data centre BESS technology and deployment partnerships

  The article discusses the growing role of battery energy storage systems (BESS) alongside AI data centres and explains why industry players may deploy them, rather than announcing a new project or deal.

  • AI data centres need 24/7 power, but grid connection waits can be as long as 10 years in some locations, pushing operators to source their own power and co-locate BESS with renewable or fossil generation.
  • The piece says BESS can store excess power for later use, replace local diesel generators, enable grid services, and help DNOs bring large loads online faster by stabilising the grid.
  • It cites McKinsey estimating global data centre demand could reach 296 GW by 2030 and notes the UK is beginning to prioritise data centres as a national interest for grid connections.
• Jul 14, 2026

  Google is customer behind 2.7GW data center campus near Cheyenne, Wyoming

  Google has revealed itself as the company behind the Project Jade data center campus near Cheyenne, Wyoming, and the project has been renamed Project Tembo.

  • The campus is planned on a 716-acre parcel eight miles south of Cheyenne in the Switchgrass Industrial Park and is described as a 2.7GW data center development.
  • The application says four data halls, an office hub, logistics and network buildings are planned, with construction slated to be completed by 2031; the site was previously associated with Crusoe, which said in June it had paused work at the request of its customer.
  • Google’s subsidiary Jupiter Star Holdings, LLC is now listed as the developer, while Tallgrass Energy said it was still building a bring-your-own power generation hub and Google’s application says it will also use energy resources from Black Hills Energy.
  • The article also notes other large Cheyenne projects from Microsoft, Meta, and Related Digital/CoreWeave for local context.
• Jul 13, 2026

  Nebraska carbon black plant set to host data center

  Monolith has announced plans to pursue zoning changes and submit an application to build a modular data center at its Olive Creek campus in Hallam, Nebraska, with Crusoe reportedly eyed as the project partner.

  • Monolith said it wants to amend Hallam’s zoning ordinance to add “data center” as an authorized use and develop a modular data center facility on about 10 acres on the northeast portion of the Olive Creek site.
  • The company said an official application is expected later this month, with hopes for full permission by September; a larger development east of the campus would come later via a separate application, and the planned units would use air-cooled units or closed-loop systems to reduce water use.
  • Monolith said the project is intended to be a better fit for the site than the originally contemplated carbon black and ammonia facility, and noted the site is near the 225MW Sheldon Power Station owned by the Nebraska Public Power District.