Developers have pre-leased 95% of the more than 765 megawatts of data center capacity under construction in DFW, according to a new CBRE report. [Photo: Adobe Stock]
The 570-megawatt natural gas plant is the latest project backed by the Texas Energy Fund to add dispatchable power to the ERCOT region. The loan to Rockwall-based Rayburn Electric Cooperative is the seventh issued through the state’s In-ERCOT Generation Loan Program.
“This project is another step toward keeping our grid strong and our economy the envy of the world,” Gov. Greg Abbott said.
The acquisition includes three combined cycle gas turbine facilities and two combustion turbine facilities located across Pennsylvania, New Jersey, and Maryland; four combined cycle gas turbine facilities in New England, and one ERCOT cogeneration facility in Texas.
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.
"Over the past three years, our partnership with Manulife let us build a resilient network of dispatchable, distributed storage all across Texas," said Hunt Energy Network CEO Pat Wood. A Manulife leader said the partnership "will support the grid and allows us to drive innovation with a market leader in ERCOT."
In this week’s roundup of hires, promotions, and accolades in North Texas, you’ll also find news from UTD's Center for Brainhealth, DART, Enseo, LiquidAgents/StaffDNA, Alpine Advanced Materials, Runway Growth Capital, Optic Gaming, Dallas Thrives, Downtown Dallas Inc., TechGenies, Kainos Capital, Texas Motor Speedway, and more.
Ireland-based H&MV Engineering planted its North American headquarters in Dallas. The move is part of a push to create 1,000 new U.S. jobs and reach $3.5 billion in revenue over the next five years....
The Colossal Foundation and the IUCN Species Survival Commission launched a four-year, $4 million partnership to accelerate species conservation. The foundation is the nonprofit arm of Dallas-based de-extinction company Colossal Biosciences....
Ireland-based H&MV Engineering planted its North American headquarters in Dallas. The move is part of a push to create 1,000 new U.S. jobs and reach $3.5 billion in revenue over the next five years....
The Colossal Foundation and the IUCN Species Survival Commission launched a four-year, $4 million partnership to accelerate species conservation. The foundation is the nonprofit arm of Dallas-based de-extinction company Colossal Biosciences....