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Investing.com -- LandBridge Company LLC (NYSE:LB) stock surged 5.8% premarket Tuesday following the announcement of a strategic agreement with NRG Energy, Inc. regarding a potential data center site in Reeves County, Texas.
The agreement outlines plans for a possible 1,100 MW grid-connected natural gas power generation facility that NRG could build if it secures an appropriate power purchase agreement for a data center. Initial air permit applications and electric interconnection requests have already been submitted, potentially allowing for operations to begin as early as year-end 2029.
LandBridge’s surface acreage is strategically positioned adjacent to the Waha Gas market hub, providing direct access to existing low-cost natural gas and transmission infrastructure, which would support regional development and future operations in the Delaware Basin.
"NRG’s selection of this site for potential development of critical power generation supported by a data center project marks an exciting step forward for both LandBridge and the entire Delaware Basin," said Jason Long, Chief Executive Officer of LandBridge. "The collaboration further advances our powered land strategy and highlights the compelling value that LandBridge offers to blue-chip power generators, and to developers of digital infrastructure, particularly data centers."
Robert J. Gaudette, Executive Vice President, President of NRG Business and Wholesale Operations, noted, "We are pleased to explore bringing reliable energy solutions to West Texas. Once anchored by a long-term customer, the site has the potential to foster innovation and support data center growth, economic resilience, and grid stability in the region."
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