Contracted power
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Financing and contracts Power contracts
TeraWulf Says an Amended Electric Service Agreement Increases the Contracted Power at Its Muskie Data Campus
TeraWulf's release of October 5, 2026 says an amended and restated electric service agreement with a utility increases the contracted power capacity at its Muskie Data Campus in eastern Kentucky, and advances the planned delivery of the campus's second phase from 2030 to 2029, "subject to Kentucky Public Service Commission approval" and the utility's construction schedule.
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Secured or in Advanced Stage: The Data Center Power Pipeline in Prologis's Results for the Third Quarter of 2026
Prologis's supplemental information for the third quarter of 2026 gives its data center power pipeline as "secured or in advanced stage." Its notes define each kind of power, and say of the second that "There is no guarantee that such capacity will become secured power."
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Financing and contracts Power contracts
Equipment Ordered, Offtake Intended: BKV's Contract and Its Hyperscaler Backstop
A BKV subsidiary has executed a contract for natural gas-fired power generation equipment for a prospective project in Texas, and a hyperscaler the release calls the intended off-taker has agreed to reimburse a portion of the costs. If BKV and the hyperscaler have not reached mutually agreeable offtake arrangements by March 31, 2027, BKV may terminate the contract.
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Financing and contracts Power contracts
Primary Power for a Data Center: Kodiak Gas Services' Agreement in West Texas
Kodiak Gas Services' release of September 21, 2026 announces an agreement to provide behind-the-meter, baseload power capacity to a West Texas data center "for a term of six years," from natural gas-fueled generation units. The customer is described and not named, and the release states no price.
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Behind the meter Building and running the plant
A Plant Next Door: New Era Energy & Digital's Power Purchase Agreement for Its Texas Data Center Project
A release by New Era Energy & Digital, dated September 21, 2026, says a subsidiary has entered into a power purchase agreement for the first phase of its data center project in Texas, with the power expected to be available in Q3 of 2027.
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Closer to Restarting Operations: Crane in Constellation's Results for the Second Quarter of 2026
Constellation's results release of August 6, 2026 reports two approvals for the restart of its Crane Clean Energy Center, one from the federal energy regulator and one from the nuclear regulator. The company says the nuclear regulator's approval moves it closer to restarting operations in 2027.
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Signed and Billing: How Core Scientific Counts Its Data Center Capacity in Its Results for the Second Quarter of 2026
Core Scientific's results release of July 28, 2026 gives one figure for the power capacity it has leased to customers and another for the capacity it is billing for.
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Rent From Delivery: TeraWulf's Form 8-K on a Lease at Its Kentucky Campus
TeraWulf's Form 8-K of July 6, 2026 describes a lease its subsidiary entered into as landlord at a data center campus in Kentucky. Rent commences upon the delivery of the leased premises, which is expected in phases, and the tenant's payments are expected to be supported by an investment-grade credit.
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The Same Hyperscaler Again: Applied Digital's Release on Leases at Polaris Forge 3
Applied Digital's release of May 20, 2026 announces 15-year take-or-pay leases at its fourth campus with a hyperscaler that had leased from it before. It gives the campus's critical IT load beside the utility power behind it, and the leases' base-term revenue beside their value if all renewal options are exercised.
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Financing and contracts Power contracts
An Electric Service Agreement Before the Money: The Escrow on Notes of an Applied Digital Subsidiary, March 2026
The indenture of March 10, 2026 for notes of APLD ComputeCo 2 LLC, an indirect subsidiary of Applied Digital, keeps the money from the notes in escrow until an officer certifies an electric service agreement that "provides electricity sufficient" for the data center leases, and has the notes redeemed if that certificate has not come by June 30, 2026.
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Financing and contracts Power contracts
A Firm Reservation and One That Ended Early: Liberty Energy's Presentation of March 2026 on Its Power Business
In a presentation dated March 2026, Liberty Energy describes its business of owning and operating distributed power assets for customers. Its slides report a power development agreement anchored by a firm reservation contract, and a reservation agreement that ended early after the project behind it was modified and delayed.
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Power, Not Space: Risk Factors on Power in Equinix's Annual Report for 2025
In its annual report for 2025, signed on February 11, 2026, Equinix says that in certain instances it has had difficulty securing energy supply it contracted for or needs for its expansion plans, that its ability to find partners and sites for expansion may be limited by access to power, and that power, not space, is a limiting factor in many of its data centers. It expects limited availability of water and power and grid constraints in many markets to continue.
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Advanced Reactors and Operating Plants: Meta's Nuclear Energy Agreements of January 2026
On January 9, 2026, Meta announced nuclear energy agreements with three companies, after what it calls its nuclear RFP process. Two support advanced reactors still to be developed, with dates given "as early as" or "targeted," and one buys energy from nuclear plants already operating.
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Pending Regulatory Approvals: NextEra Energy and Google on the Planned Restart of Duane Arnold
On October 27, 2025, NextEra Energy and Google announced a 25-year agreement under which Google would buy power from the Duane Arnold Energy Center, a nuclear plant in Iowa shut down in 2020. The release says the plant is expected to deliver electricity by the first quarter of 2029, pending regulatory approvals.
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Financing and contracts Power contracts
A PPA for an Advanced, GEN IV Reactor: Google, Kairos Power and TVA on Hermes 2
On August 18, 2025, Google, Kairos Power and the Tennessee Valley Authority announced a new collaboration in which, through a power purchase agreement between Kairos Power and TVA, Kairos Power's Hermes 2 plant in Oak Ridge, Tennessee, will deliver energy to the TVA grid that powers Google data centers in Tennessee and Alabama. The release says that output will be "generated by a single reactor, scheduled to begin operations in 2030."
