NRG is “aligned on principal commercial terms” with an unnamed “global cloud and AI hyperscaler” for the development of a 1.2-GW combined-cycle natural gas-fired power plant in Texas, the Houston-based independent power producer said Tuesday.
The announcement came as NRG reported second-quarter earnings and held a Tuesday call with investors and analysts.
NRG President and CEO Robert Gaudette did not go into detail about whether or how the data center interconnection pause announced by Texas Gov. Greg Abbott on Monday would affect the pending hyperscaler deal, which NRG cautioned is not yet final. Gaudette expressed confidence the pause did not pose a risk to the company's projects, saying "I think we're OK."
NRG aims to deliver the facility in late 2029 and could double its capacity to 2.4 GW in a future phase, according to its second-quarter investor presentation.
$3.2B
