Fermi America announced the successful close of its $100 million Series C preferred equity financing round led by Macquarie, alongside the establishment of a $250 million senior loan facility, funded solely by Macquarie's Commodities and Global Markets business, with $100 million drawn at close.

Oracle is building one of the largest data centers across the world in Shackelford County, Texas, in partnership with Vantage Data Centers. As per Interesting Engineering, the new campus, dubbed the Frontier, will cover an area of 1,200 acres, including 10 data centers of 3.7 million sq ft of space that have an amount of 1.4 gigawatts.

Rising electricity costs could be a political landmine for AI Data Centers. “They have to promise uptime contractually. People are less likely to build in Texas or build sovereign capacity.”

The Electric Reliability Council of Texas (ERCOT) is experiencing a historic transformation that positions it as America's most dynamic data center market. Interesting article.

Doug Lewin gives an update on the Energy Capital Podcast.

Data centers are desperate to connect to the U.S. electric grid. What remains fuzzy is how many will ultimately be built and how much electricity they will require.

The new plant is designed to process 300 million cubic feet per day and generate $185 million in capital investment.

AI data centers are set to swamp U.S. power grids. Google’s new utility deals aim to flip the script — shifting workloads to ease strain and speed its access to energy.

Sage Geosystems and San Miguel Electric Cooperative built the world’s first pressure geothermal system. It is now poised to deliver long-duration, dispatchable storage for the Electric Reliability Council of Texas (ERCOT) as variable generation and data center demand surge.

While not in the Permian, or even in Texas, this agreement is worth noting!

"There's an invisible river of warm air flowing out of data centers. Our question was: Can we nudge that heat to a slightly higher temperature with sunlight and convert a lot more of it into electricity? The answer is yes, and it's economically compelling."

Methane emissions intensity for upstream oil and natural gas operations in the Permian Basin declined by more than 50% in two years, according to an analysis by S&P Global Commodity Insights.