AG真人官方

Energy Capital Partners and KKR Announce Development of Hyperscale Data Center Campus in Texas

First investment from $50 billion strategic partnership to deliver integrated digital and power infrastructure at scale

Campus co-located with Calpine鈥檚 natural gas power plant; representing first-of-its-kind dedicated power agreement with hyperscaler anchor

Expected to be operational by the Fourth Quarter of 2026

SUMMIT, N.J. & NEW YORK--(BUSINESS WIRE)-- Energy Capital Partners (鈥淓CP鈥�), one of the largest private owners of power generation and renewables in the U.S., and KKR, a leading global investment firm, today jointly announced the development of a new 190 MW hyperscale data center campus in Bosque County, Texas 鈥� marking the inaugural investment through ECP and KKR鈥檚 $50 billion strategic partnership to support AI infrastructure growth in United States.

This project establishes a new model for delivering integrated, AI-ready infrastructure at scale by combining digital capacity and dedicated, around-the-clock power in one of the fastest-growing compute corridors in the nation. The Bosque campus serves as a blueprint for future deployments across the country, aimed at meeting the urgent needs of hyperscalers while supporting local utilities and grid stability as the power received from Calpine will be redirected to support system reliability and help meet local demand in times of grid scarcity.

The campus is being constructed through a joint venture with CyrusOne, a leading global data center developer and operator, and ECP. The new multiphase data center campus will encompass more than 700,000 square feet and deliver an initial IT capacity of 144 megawatts. Designed for rapid expansion, the site is expected to represent a total investment approaching $4 billion鈥攑ositioning it among the most significant AI infrastructure builds in the Dallas鈥揊ort Worth region. The campus will be located on land adjacent to Calpine Corp.鈥檚 (鈥淐alpine鈥�) Thad Hill Energy Center and benefits from reliable natural gas generation. Calpine has secured a long-term contract to supply dedicated power to the data center campus.

鈥淭his first investment through our strategic partnership combines ECP鈥檚 power expertise to deliver reliable near-term power with KKR鈥檚 strong track record in investing in data center development,鈥� said Tyler Reeder, President of ECP. 鈥淲ith ample capital, a broad existing asset base, and deep sector relationships, our strategic partnership is designed to source and deliver fully integrated, scaled power infrastructure and data center solutions for hyperscalers and other market participants to support their infrastructure needs.鈥�

鈥淭he surge in AI demand isn鈥檛 just stretching infrastructure 鈥� it鈥檚 rewriting the blueprint for how it needs to be built,鈥� said Waldemar Szlezak, Partner and Global Head of Digital Infrastructure at KKR. 鈥淗yperscalers need more than capacity; they need certainty, integration, and speed. This project is a reflection of that new reality: bringing together scalable land, power, and compute under a single, coordinated strategy. It is the kind of solution we believe will define the future of infrastructure鈥攁nd it鈥檚 just the beginning of what鈥檚 possible when you combine deep operational expertise with long-term industrial vision.鈥�

With a commitment to sustainability, the new CyrusOne campus will feature climate-neutral initiatives, water conservation, biodiversity protection, and capabilities to respond during ERCOT grid emergencies. Construction of the project is underway, and the site is expected to be operational by the fourth quarter of 2026.

About ECP

Energy Capital Partners (ECP), founded in 2005, is a leading investment firm across energy transition infrastructure, with a focus on investing in electricity and sustainability infrastructure providing reliable, affordable and clean energy. In 2024, ECP combined with London listed Bridgepoint Group Plc (LSE: BPT.L) to create a global leader in value added middle-market investing with a combined $87 billion of assets under management across private equity, credit and infrastructure.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR鈥檚 insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR鈥檚 investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR鈥檚 website at . For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group鈥檚 website at .

View source version on businesswire.com:

ECP

FGS Global

Akash Lodh / Nick Rust

[email protected]

KKR

Liidia Liuksila

[email protected]

Source: KKR