Texas Data Center Intel

Recent Texas data center news

• Nov 6, 2025

  New Era Energy & Digital Enters into Land Option Purchase Agreement for 3,500 Acres in New Mexico for 7GW AI Data Center Hub; Marks first Wholly Owned Development, Separate from TCDC Joint Venture

  New Era Energy & Digital, Inc. has entered a land option purchase agreement for approximately 3,500 acres in Lea County, New Mexico to develop a large-scale AI data center campus.

  • Project scope & timeline: Land option purchase agreement for ~3,500 acres in Lea County; planned multi-gigawatt campus with more than 2 GW of natural gas generation and a planned 5+ GW nuclear installation; initial power delivery expected in 2028; engineering to commence within 30 days; gas availability for natural gas facilities confirmed; nuclear technology selection in final stages. The project is New Era’s first wholly owned project (independent from the TCDC joint venture) and will offer powered shell buildings and powered land lease options for AI tenants.
  • Site selection & coordination: Site chosen for proximity to major gas transmission lines, existing power infrastructure, abundant water supply, a skilled local workforce, and high-speed fiber connectivity; New Era is coordinating with the State of New Mexico to align with state economic and environmental priorities.
• Nov 6, 2025

  Tech Giants Pour Billions Into Solar Power as Data Centers Strain the Grid

  The article reports that America’s rapid data center expansion is colliding with shifting federal energy policy and mounting obstacles to renewable projects, illustrated by the Trump administration’s October cancellation of the Esmeralda 7 solar project’s environmental review.

  • Main announcement/action: The article documents the cancellation of the Esmeralda 7 Nevada solar project’s environmental review by the Bureau of Land Management in October, and describes how rapid data center growth is stressing grids (PJM warning in May) and increasing demand for fast, local clean energy solutions; Virginia’s Permit By Rule enables projects under 150 MW to move from application to operation within two years or less.
  • Background and key details:Virginia imported more than 50 million MWh in 2023 (EIA); a 2024 state report warns electricity consumption in Virginia could triple by 2040; corporate actions include Microsoft adding 860 MW in 2024, Meta developing >900 MW in Texas, Amazon having 13.6 GW in progress (including a 500-MW Webb County project), and Google’s $20 billion partnership with Intersect Power and operation of 312 MW of battery capacity.
• Nov 6, 2025

  ERI’s Aaron Blum Shares Insights on ITAD Trends and Responsible E-Waste Recycling at E-Scrap 2025

  ERI Co-Founder Aaron Blum spoke on the opening headline plenary panel at E-Scrap Conference 2025 in Grapevine, Texas.

  • Event participation: Blum spoke on the opening plenary panel titled “State of the Industry: What Macro Trends Mean for Electronics Recovery” alongside Amanda Tischer Buros (Dynamic Lifecycle Innovations) and Todd Zegers (CXtec); the panel was moderated by Sarah Kim (E-Reuse Services Inc.). The conference is described as annually hosting more than 1,200 attendees from 35+ countries and featured an exhibit hall, tear-down demos, presentations, sessions and Q&As.
  • ERI credentials & capacity: ERI is presented as carbon neutral and zero waste, the first in its industry to achieve ISO 27001 and SOC 2 Type II certifications; it claims capacity to process more than a billion pounds of electronic waste annually at eight certified locations, serving every U.S. ZIP code. Media contact: Paul Williams, paul.williams@eridirect.com, 310/569-0023.
• Nov 6, 2025

  Cipher Mining Inc. Announces Pricing of $1.4 Billion of Senior Secured Notes

  Cipher Mining priced a $1.4 billion debt offering to fund part of a new data center construction.

  • Main announcement: Cipher Mining’s wholly-owned subsidiary Cipher Compute LLChas priced a $1.4 billion offering of 7.125% senior secured notes due 2030, priced at par, to finance a portion of the construction cost of the Barber Lake Facility, a high-performance computing data center near Colorado City, Texas; the Offering is expected to close on November 13, 2025, subject to market and other conditions.
  • Background and deal structure: The Notes will be sold in a Rule 144A private placement to qualified institutional buyers, will be fully and unconditionally guaranteed by Cipher Barber Lake LLC, and secured by first-priority liens on substantially all Issuer and Guarantor assets, equity interests held by Cipher Songbird LLC, a potential lockbox account of Fluidstack USA II Inc., and (prior to facility completion) a pledge by Google LLC of warrants to purchase Cipher common stock; Cipher will provide a completion guarantee to fund the Issuer if proceeds are insufficient.
• Nov 4, 2025

  Power, Proximity, Policy: The Legal Landscape of Siting Data Centers Near Natural Gas Resources

  Michelman Robinson partners Warren Koshofer and Seth Leibenstein analyze the legal and regulatory considerations for siting data centers near U.S. natural gas resources.

  • Main announcement/action: The article provides a legal and practical guide on siting data centers adjacent to natural gas infrastructure, noting concrete facts such as data center loads often exceeding 100 megawatts per site and that natural gas supplies more than 40% of U.S. electricity. It identifies regional hubs (Texas/Permian Basin; Appalachian Basin — Marcellus & Utica; Midcontinent/Great Plains; Rockies — DJ and Powder River basins; Gulf South — Louisiana & Mississippi) and highlights relevant regulators like ERCOT and FERC, plus contractual vehicles such as PPAs and gas tolling arrangements.
  • Background and details: The piece outlines regulatory and compliance requirements (Clean Air Act permitting, Section 401 water quality certifications, state environmental reviews), flags evolving ESG and carbon disclosure pressures (SEC proposals, IRA incentives), and lists states considering restrictions on fossil-fueled generation for new data centers (Oregon, Virginia, Illinois). Contact details for the authors are provided: Warren Koshofer (212-730-7700; wkoshofer@mrllp.com) and Seth Leibenstein (212-730-7700; sliebenstein@mrllp.com).
• Nov 4, 2025

  Essential Utilities Reports Third Quarter 2025 Results

  Essential Utilities announced its third-quarter 2025 financial results and significant strategic actions, including an agreement to invest in a Greene County, Pennsylvania data center project and a definitive all‑stock merger agreement with American Water Works Company, Inc.

  • Quarter results & merger: Reported Q3 2025 net income of $92.1 million and revenues of $477.0 million; board declared a $0.3426 per share quarterly dividend payable Dec 1, 2025; announced a definitive all‑stock, tax‑free merger with American Water Works Company, Inc. creating a pro forma market capitalization of approximately $40 billion and combined enterprise value of approximately $63 billion, with the transaction expected to close by end of Q1 2027, subject to shareholder and regulatory approvals (including Hart‑Scott‑Rodino clearance).
  • Capital programs & project details: Plans ~$7.8 billion of regulated infrastructure investment from 2025–2029 (including >300 PFAS projects); expects 2025 regulated infrastructure investments of $1.4–$1.5 billion; Aqua will design, build, and operate an 18 MGD water treatment plant for a 1,400‑acre Greene County data center/power project (operational target mid‑2029); company reaffirmed a 60% reduction in Scope 1 and 2 GHG emissions by 2035 (2019 baseline) and expects to raise ~$350 million equity in 2025 (including $25 million to finance the data center investment).
• Nov 4, 2025

  Essential Utilities Reports Third Quarter 2025 Results

  Essential Utilities announced Q3 2025 financial results and multi-year infrastructure and strategic actions.

  • Main announcement: Essential reported Q3 2025 net income of $92.1 million ($0.33 per share) and quarter revenues of $477.0 million, while reaffirming a capital investment plan of approximately $7.8 billion from 2025–2029 (including $1.4–$1.5 billion expected in 2025). The company also announced an all-stock merger agreement with American Water Works Company, Inc. (announced Oct 27, 2025) to create a combined public utility with an approximate pro forma market capitalization of $40 billion and combined enterprise value of $63 billion, with the transaction expected to close by the end of Q1 2027 subject to shareholder and regulatory approvals.

  • Other key details and partnerships: Essential signed an agreement with International Electric Power III, LLC (IEP) to invest in a 1,400-acre data center project in Greene County, Pennsylvania, where Aqua will design, build, and operate an 18 million gallons per day (MGD) water treatment plant (expected operational mid-2029); the company expects to finance approximately $25 million of the data center investment via its ATM program in 2025. Rate awards/surcharges totaling $101.5 million were received across water and gas segments (water: $92.6 million; gas: $8.9 million). Webcast remarks: Date: November 5, 2025; Time: 9 a.m. ET; Access: Essential.co Investors page; archived for one year.

• Nov 4, 2025

  Entergy Louisiana and Energy Transfer Sign Agreement That Supports Reliable, Affordable Energy and Economic Growth in North Louisiana

  Entergy Louisiana and Energy Transfer signed a 20-year firm natural gas transportation agreement.

  • Agreement details: Energy Transfer will provide 250,000 MMBtu per day of firm transportation service beginning February 2028 through January 2048, with Entergy having an option to expand delivery capacity; the project includes constructing a 12-mile lateral on Energy Transfer’s Tiger Pipeline with capacity up to 1 Bcf/d to serve Entergy Louisiana’s combined-cycle combustion turbine facilities and support Meta’s hyperscale data center in Richland Parish.
  • Background and implementation: The natural gas quantity is included in Entergy’s financial plan; Entergy Louisiana supplies electricity to more than 1.1 million customers in 58 parishes and is advancing its Louisiana 100 Plan (including a stated $100 million community investment commitment); Energy Transfer operates approximately 140,000 miles of pipeline across 44 states and will source gas from its network connected to major U.S. producing basins.
• Nov 4, 2025

  GridStor Celebrates Completion of Texas’ Newest Battery Storage Facility

  GridStor dedicated its Hidden Lakes Reliability Project facility on November 4 and began operation of a 220 MW / 440 MWh battery energy storage facility in Texas.

  • Project details & immediate action: The Hidden Lakes Reliability Project is now operational as a 220 MW / 440 MWh battery energy storage facility (serving the equivalent of 140,000 average Texas households during peak hours); the facility participated in a dedication on November 4 with GridStor CEO Chris Taylor, Congressman Randy Weber, PUCT Chairman Thomas J. Gleeson, and Rep. Terri Leo-Wilson.
  • Financials, local impact & pipeline: The project will contribute tens of millions of dollars in estimated sales and use tax revenue (including property taxes) benefiting Galveston County and Dickinson Independent School District, employed approximately 100 full-time skilled tradespeople and apprentices during construction, participates in the ERCOT market, and GridStor — backed by Goldman Sachs Asset Management — manages a project pipeline of over 3 GW in later-stage development or under construction.
• Nov 4, 2025

  Pearce Services Acquisition Expands CBRE’s Capabilities to Serve Digital and Power Infrastructure

  CBRE Group, Inc. announced the acquisition of Pearce Services, LLC from New Mountain Capital for approximately $1.2 billion in cash plus an earn-out of up to $115 million subject to 2027 performance thresholds.

  • Acquisition details and terms: CBRE will acquire Pearce Services for an initial purchase price of approximately $1.2 billion in cash plus a potential earn-out up to $115 million if Pearce meets specified performance thresholds in 2027; Pearce will operate within CBRE’s Building Operations & Experience segment and is expected to be immediately accretive to core EPS.
  • Business profile, financial projections and scope: Pearce (founded 1998, based in Paso Robles, CA) has >4,000 employees across North America and India and serves markets comprising Critical Power & Cooling (34% of expected 2025 revenue), Renewable Energy & Storage (30%), Wireless & Fiber (29%), EV Charging (7%); Pearce is projected to generate > $660 million revenue and > $90 million EBITDA in 2026, and CBRE expects > $350 million Core EBITDA from digital and power infrastructure services in 2026; CBRE expects net leverage of ~1.1x at end-2025.