LandBridge Announces Agreement with PowerBridge for the Development of a 2 GW Powered Data Center Campus
Agreement provides option to lease acreage for the development of a 2 GW powered data center campus in West Texas on LandBridge acreage in close proximity to the Waha natural gas hub
HOUSTON–(BUSINESS WIRE)–LandBridge Company LLC (NYSE: LB) (“LandBridge”) today announced that it has entered into a lease development agreement with PowerBridge LLC (“PowerBridge”) providing the option to lease up to ~3,400 acres in Reeves County, Texas from LandBridge for a giga-scale data center campus with up to 2 GW of initial co-located power generation under development by PowerBridge and its power partners (the “Alpha Digital Campus”). The lease development agreement grants PowerBridge the right to further advance site development activities and pursue entitlements for the Alpha Digital Campus and an ability to lease the property on a long-term basis for the development of campus digital infrastructure and associated power solutions to serve data center customers at scale.
PowerBridge is a Five Point Infrastructure portfolio company led by Chief Executive Officer, Alex Hernandez, who previously served as Founder and CEO of Cumulus Data and CEO of Talen Energy Corp (NASDAQ: TLN), one of the country’s largest independent power producers. Cumulus Data, an affiliate of Talen, developed the first multi-gigawatt-scale powered data center campus co-located with wholesale power generation facilities in the United States. PowerBridge has filed its Generation Interconnection Request (GINR) for its power generation facilities and submitted associated data center load details, all of which will be served by PowerBridge’s private use network. PowerBridge has also ordered long-lead-time equipment for necessary power infrastructure. The first power delivery date for the Alpha Digital Campus is anticipated in 2027 with large scale power generation following in 2028, subject to ongoing regulatory processes and commercial discussions.
Jason Long, Chief Executive Officer of LandBridge, stated,
This new agreement with PowerBridge represents a catalyst for executing on the West Texas data center thesis with a proven developer with a strong track record of power and data center execution at scale.
”West Texas is primed to accommodate growing data center demand through its vast, contiguous surface availability, attractive natural gas dynamics, significant water availability, and favorable grid outlook and permitting timeline, among other enablers. We are fully committed to leveraging our strategic land portfolio and relationship with PowerBridge to support data center development in the region.”
Alex Hernandez, Chief Executive Officer of PowerBridge, stated,
We are excited to partner with LandBridge in advancing our powered campus development strategy, which integrates energy and digital infrastructure.
”PowerBridge provides customers with scalable power generation solutions integrated with campus electrical and civil infrastructure and a regional fiber conduit network under development by PowerBridge. Our powered campus infrastructure will provide customers with ‘pad-ready’ campuses for multi-gigawatt vertical data center deployments that meet the pace and magnitude of hyperscaler customer requirements at Alpha Digital and other locations across West Texas.”
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LandBridge Announces Agreement with PowerBridge for the Development of a 2 GW Powered Data Center Campus, source
