US based Big Digital Energy has signed a joint venture (JV) with 10NetZero to acquire and develop a power-ready industrial site in Hood County, Texas into a large-scale data centre campus for AI tenants.
Big Digital Energy and 10NetZero signed a letter of intent for the 50-acre site, which features more than 30,000ft² of existing buildings.
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The facilities will be repurposed for data centre use and as an administrative office that is set to become the site’s command centre.
The Hood County location currently has 17MW of operational power, with the potential to increase grid-supplied capacity to 111MW, pending confirmation from the Electric Reliability Council of Texas (ERCOT).
Existing on-site gas pipelines offer the option to add further behind-the-meter generation, supporting a future capacity expansion of up to 311MW. If finalised, the transaction would raise the company’s total operational megawatts to 146MW.
Big Digital Energy chairman Josh Kilgore said: “Our planned acquisition of the 50% interest in the Hood County site and partnership with 10NetZero is a prime example of our efforts to leverage our powered land expertise and pipeline to identify and acquire attractive AI ready sites.
“The planned transactions illustrate management’s commitment to accelerating the Company’s transition into an AI datacentre developer and operator in order to maximise value to all Big Digital stakeholders.”
Big Digital COO Cody Smith said: “The Hood County site would give us live power and a path to up to hundreds of megawatts, which would let us deliver capacity to AI customers years ahead of a comparable greenfield project.
“Partnering with 10NetZero would pair that site with deep energy-infrastructure capability, and we intend to move quickly.”
Big Digital Energy has also appointed Northland Capital Markets as financial advisor regarding the evaluation of AI and high-performance computing use cases for its power assets, including site-level financing and further partnership opportunities.
