Dallas' CyrusOne Partners With Houston's Calpine to Build $1.2B Data Center Campus Near Waco

Dallas’ CyrusOne Partners With Houston’s Calpine to Build $1.2B Data Center Campus Near Waco

In its first phase, the hyperscale campus northwest of Waco will encompass more than 190,000 square feet, with scalable capacity to meet future demand. It will feature "climate-neutral initiatives, water conservation, biodiversity protection, and capabilities to respond during ERCOT grid emergencies," the companies said.

Dallas-based CyrusOne, a leading global data center developer and operator, and Houston-based energy generator Calpine Corp. are partnering on a new hyperscale data center campus in Bosque County, northwest of Waco. The $1.2 billion campus, named DFW10, is being built by CyrusOne, which is backed by Blackrock’s Global Infrastructure Partners and KKR.

CyrusOne and Calpine—America’s largest generator of electricity from natural gas and geothermal resources—have signed a 190-megawatt agreement to serve the project, securing power, grid connection, and land to support the new “state-of-the art” data center campus, which is slated to be operational by the fourth quarter of 2026. Calpine said that under the agreement, CyrusOne will capitalize on its newly developed PLC suite of products and services.

Hyperscale campus will start with 190K square feet

In its first phase, the data center campus will encompass more than 190,000 square feet, the companies said, with scalable capacity to meet future demand. The new CyrusOne campus will feature “climate-neutral initiatives, water conservation, biodiversity protection, and capabilities to respond during ERCOT grid emergencies,” the companies added.

CyrusOne COO John Hatem said his company is “proud to be part of this landmark project, which combines dedicated power and data center expertise to deliver a unique, mission-critical solution to our customers.”

“As AI drives unprecedented data demand, this campus demonstrates our commitment to delivering scalable, reliable infrastructure for our Intelliscale customers while supporting grid reliability for consumers and businesses in Texas and beyond,” Hatem added in a statement.

Rick Peña, EVP of corporate development at Calpine, said the project will “bring jobs, innovation, and economic growth to the region.”

“This first-of-its-kind project establishes Calpine as a leader in reliable, scalable power solutions for hyperscale customers, leveraging our world-class fleet and Powered Land Capabilities (“PLC”) along with a suite of products and services to support both customer needs and grid reliability across ERCOT and beyond,” he added in a statement, noting that for decades, “Calpine has been the premier power solutions provider for industrial-scale customers who need unwavering reliability, scalable capacity, and proven operational expertise.”

‘World-class energy infrastructure’

Texas State Representative Angelia Orr called the project “a win for Bosque County and for Texas.”

“By bringing together world-class energy infrastructure and cutting-edge data center development, Calpine and CyrusOne are helping to power the future while investing in rural communities like ours,” Orr added. “I’m proud to support innovative projects like this that bring jobs, strengthen our grid, and keep Texas at the forefront of economic growth and technology.”

CyrusOne operates over 55 data centers across the United States, Europe, and Japan, specializing in comprehensive solutions for hyperscale and enterprise companies. The company says it delivers “tailored build-to-suit, colocation, and interconnection solutions that meet the evolving digital needs of its customers.”

Calpine is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 79 energy facilities in operation represents over 27,000 megawatts of generation capacity. The company serves customers in 22 states and Canada.