Nevada Data Center News

May 13, 2026

Geothermal Developer Fervo Energy Raises $1.9 Billion in Upsized IPO

Fervo Energy announced the finalized pricing of its initial public offering, selling shares and setting an approximate company valuation.

Fervo Energy finalized IPO pricing, sold 70 million shares at $27 per share (IPO was upsized from an initial plan of 55.6 million shares at an expected $21–$24), valuing the company at approximately $7.7 billion.
Background & project details: Founded in 2017, Fervo develops enhanced geothermal systems (EGS) using oil-and-gas techniques; it has over 658 MW in contracted offtake with hyperscalers and utilities (including Google, Southern California Edison, NV Energy, Shell). Its first greenfield project, Cape Station (Beaver County, Utah), is expected to deliver first power in 2026, reach ~100 MW by early 2027, and has plans to scale to 500 MW.

May 11, 2026

Amazon Invests in 700 MW of New Carbon-Free Energy Projects to Power Future Data Centers in Nevada

Amazon has announced it is investing in 700 MW of new carbon-free energy projects in Nevada to power its future data center operations in the area.

Deal details: Amazon signed an agreement with NV Energy (a Berkshire Hathaway Energy subsidiary) to add 100 MW of geothermal from Zanskar and 600 MW of solar + 600 MW of battery storage from Primergy to the Nevada power grid to support its data centers.
Additional context: Amazon said this will mark its first data center to be powered in part by geothermal; the Primergy battery component is intended to capture solar during peak production and dispatch when demand is highest. The announcement does not specify implementation timelines in the article. BloombergNEF reporting (via ESG Today) is cited noting Amazon contracted 10.22 GW of clean energy in 2025 and has invested in 700+ projects totaling 40+ GW globally.

Apr 30, 2026

Switch Announces New Data Center Campus in Beaver County, Pennsylvania

Switch announced plans to develop a new 382-acre data center campus in Big Beaver Borough, Beaver County, Pennsylvania.

Main announcement: Switch will develop a 382-acre data center campus in Big Beaver Borough, Beaver County, PA, located in the greater Pittsburgh area at the intersection of key East-West and North-South fiber routes; the campus will serve finance, healthcare, higher education and government organizations concentrated across the Eastern United States. The company will fund the infrastructure required for its power needs and expand its Prime campus portfolio.
Details and background: The campus will use Switch’s proprietary closed-loop Switch EVO® design that recycles water and the EVO data centers “consume zero water to cool the servers and GPU’s” while requiring a minimal water connection for office and warehouse; the new campus will join Switch’s Prime portfolio (Las Vegas, Tahoe Reno, Atlanta, Grand Rapids, Austin).

Apr 30, 2026

Oklo launches nuclear AI partnership

Oklo, Nvidia and the Los Alamos National Laboratory have announced a strategic collaboration to advance plutonium-bearing fuel validation and to design nuclear-powered AI factories.

Strategic collaboration & focus areas: The agreement integrates Oklo’s sodium-cooled fast reactor technology, Nvidia’s AI and high-performance computing, and LANL’s materials science and nuclear fuels expertise, with R&D hosted at LANL in New Mexico. Initial focus areas are AI-Enhanced Fuel Validation, Materials Science R&D (plutonium-bearing fuel fabrication), Nuclear-Powered AI Factories (integrated full-stack solutions for high-density AI data centres and grid reliability/stabilisation), and Digital Twins and Simulation. The fuel R&D supports Oklo’s Pluto reactor and the Aurora Powerhouse design (both selected under the DoE Reactor Pilot Program). The DoE’s Genesis Mission (launched November 2025) is identified as a related federal initiative; Oklo targets commercial power generation by end of 2027.
Background, hosting and implementation details: R&D and critical experiments are being conducted under existing partnerships: Oklo is performing plutonium fast reactor critical tests with LANL at the DoE’s National Criticality Experiments Research Centre (NCERC) at the Nevada National Security Site under a Strategic Partnership Project (SPP). Oklo previously received a site use permit from the DoE for the Aurora plant, was awarded fuel from the Idaho National Laboratory, and submitted a combined licence application to the Nuclear Regulatory Commission (NRC). Projects under this new agreement include proof-of-concept work and integrated R&D; no monetary values or contract prices were disclosed in the article.

Apr 24, 2026

The POWER Interview: How the Oil and Gas Industry is Advancing Geothermal

XGS Energy has announced a 115-MW development deal with California Community Power and is developing a 150-MW, $1.2-billion partnership with Meta in New Mexico.

Main announcement: XGS signed a 115 MW development agreement with California Community Power granting those members first rights to the electricity produced, and a 150-MW partnership with Meta described as a $1.2-billion capital project in New Mexico; the Meta project is two-phased and both phases are expected to be operational by 2030, and will supply Meta’s data center operations via the PNM utility grid.
Background and validation: XGS completed a commercial demonstration of its water-independent closed-loop system at the Coso geothermal field running continuously for more than 3,000 hours using its Thermal Reach Enhancement (TRE) and oil-and-gas-derived drilling and casing technologies; the article also cites an IEA finding that geothermal financing reached nearly $2.2 billion last year (up from $22 million in 2018) and references federal incentives (clean energy tax credits retained in the 2025 U.S. budget and DOE’s Enhanced Geothermal Shot).

Apr 21, 2026

VOICES: Unlikely opportunities for water progress in raging data center debate

Mike Shriberg warns that the rapid buildout of data centers in the Great Lakes region is straining local and regional water supplies and calls for modernizing water protection policies.

Main announcement/action: Mike Shriberg (University of Michigan Water Center) argues that data centers can use 150,000 to over 5 million gallons of water per day, creating pressure on local supplies and prompting rural and environmental coalitions to oppose projects and push for policy reform. He calls for modernizing disclosure, permitting standards, and integrated groundwater/surface water management.
Background and details: The piece is an opinion/Voices column noting concrete policy gaps: lack of disclosure about water use, lack of permitting standards for quantity and quality protections, and separate treatment of groundwater and surface water. It also notes that reducing onsite water use can shift larger water impacts offsite when power for data centers comes from fossil fuels or nuclear.

Apr 19, 2026

AI data center deals must be carefully crafted, EPA chief says in Las Vegas

EPA Administrator Lee Zeldin hosted a roundtable with Las Vegas business leaders and urged carefully structured AI data center deals while highlighting water-reuse priorities.

Main action: Zeldin hosted a roundtable at the Vegas Chamber and visited a Switch AI data center and Symphony Park; he emphasized the EPA’s updated Water Reuse Action Plan and urged that data center agreements be structured to provide net benefits to communities. He noted that Las Vegas has banned evaporative cooling for commercial properties (the final commercial permit was issued in 2024) and promoted closed-loop or air-cooling alternatives for new data centers.
Background and details: The article cites a Western Resource Advocates analysis saying NV Energy may need to quadruple peak energy capacity to serve pending data-center requests; Zeldin referenced examples such as Google powering a West Memphis data center with a solar farm and battery storage (linked reporting references a $4 billion Google investment). Zeldin also said EPA officials are taking local input “back to Washington, D.C.” to standardize enforcement practices.

Apr 16, 2026

Telecom Sales Platform CableFinder Announces Partnership with Fiber Carrier Lightpath

Cablefinder announced a partnership with Lightpath to enable single-session contracts and automated serviceability checks via an API-driven platform.

Main announcement: Cablefinder has partnered with Lightpath to allow single session contracts and serviceability checks through an API-driven platform that is expected to launch this summer (2026); CableFinder’s distributors include Avant and Telarus.
Background and next steps:Lightpath operates more than 12,000 miles of “AI-grade” fiber connecting data centers and subsea cable stations to major cloud providers and is jointly owned by Optimum and Morgan Stanley; the companies will share additional details at the 2027 Channel Partners Conference and Expo in Las Vegas.
- Event: Channel Partners Conference and Expo 2027 — Location: Las Vegas — Agenda: companies will share more information about the partnership and platform (no specific date/time provided in article).

Apr 16, 2026

Nokia and VarData Selected for Nevada BEAD Rollout

SkyFiber has selected Nokia and VarData to build a high-speed fiber and wireless broadband network for underserved communities in northern Nevada.

SkyFiber selection announced: SkyFiber selected Nokia and VarData as partners to build out a hybrid fiber and wireless high-speed internet network in northern Nevada, leveraging Nokia’s optical transport system and VarData’s existing infrastructure; SkyFiber was awarded $180.6 million in BEAD funds last year after a stalled permitting process.
Background and related details: The announcement references a press release describing the hybrid model as making coverage feasible and affordable; separately, NVIDIA acquired a 2.9% stake in Nokia last year for $1 billion, providing Nokia with capital and NVIDIA an entry point into the cellular network space.

Apr 15, 2026

Switch Secures Landmark $2.6 Billion Syndicated Letter of Credit Facility

Switch announced a $2.6 billion syndicated performance letter of credit facility on April 21, 2026, to expand its ability to procure power and to back new transmission and generation for its gigawatt-scale data center campuses.

Main announcement: Switch has secured a $2.6 billion syndicated performance LC facility (standalone and separate from its revolving credit and borrowing base facilities) to advance power procurement, provide credit backing for new transmission and generation projects, enable timely execution of large-scale campus buildouts, and support long-term cost management across its gigawatt-scale campuses (announcement dated April 21, 2026). The facility was arranged with a syndicate led as structuring banks and initial coordinating lead arrangers by BBVA and Natixis CIB, with Natixis CIB serving as administrative agent.
Background and deal details: The announcement notes Switch has raised over $24 billion in financing since 2024 and holds over $10 billion of revolving capital commitments to fund new development; other coordinating lead arrangers and joint bookrunners include BNP Paribas, Citibank N.A., Societe Generale, and joint lead arrangers include CIBC, Rabobank, RBC, Scotiabank, SMBC, with Standard Chartered as mandated lead arranger. Milbank LLP acted as legal counsel to Switch and Paul Hastings acted as lenders’ counsel. The company described the facility as the first of its kind in the data center industry and indicated the intent to upsize the facility as demand grows.

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