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May 21, 2025

Peter Cook, Editor

Plenty of interesting announcement, analysis, and articles this week.  Really, we have too many.  We normally try to keep this Digest to under 20 articles, but not this week.  Too much great info.  We had to share it.

 

If you have not already done so, mark your calendars and your budgets for the Permian Power Connection Conference, being held in Midland on September 29 & 30.  We’re having some great conversations with industry leaders, with many signing on as speakers and sponsors.  You don’t want to miss this event.  Sign up early to lock in your spot.

 

If you have any news, announcements, press releases, or in depth posts or analysis of your own to share, send it to power@powerpermian.com for us to consider including it!  And feel free to contact with us on LinkedIn here or here or here!

 

Grab a cup (or a pot) of coffee, close the office door, and carve out some time to read this issue.  By the time you finish, you’ll be the best-informed person at the water cooler.

 

And now, the news…

Permian Power Digest Issue #7

PROPWR Secures 10-Year Contract for 80 Megawatts of Power Capacity

This 10-year agreement represents a significant milestone for PROPWR, marking its first customer commitment and aligning with the Company’s mission to "Rethink The Grid."

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Five Point Infrastructure Announces the Formation of PowerBridge With a $1 Billion Equity Commitment

Among its offerings, PowerBridge to partner with LandBridge, WaterBridge and other Five Point-backed companies on buildout of data centers and related infrastructure.

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WSJ: Five Point Backs Data-Center Site Developer PowerBridge

The private-equity firm is committing as much as $1 billion to the recently formed PowerBridge to support projects in the Permian Basin.

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Electrifying the Permian

Now that the United States can anticipate a spectrum of opportunities to increase production under the Trump administration, operators must weigh the prospects of a lack of infrastructure, particularly electrical power infrastructure, in remote areas of the Permian Basin.

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Powering AI in the Permian: Texas Critical Data Centers’ Sustainable Energy Play

New Era Helium and Sharon AI's joint venture is pioneering a 250 MW net-zero energy data center in Ector County, Texas near Odessa in the Permian Basin. The project is leveraging natural gas and helium resources, with a focus on sustainable energy solutions and advanced computing infrastructure.

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New Research Program Promotes Sustainable Data Center Growth in Texas

The University of Texas at Austin is launching a new research initiative to help Texas capitalize on the influx of data centers coming into the state without overloading the Texas power grid.

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Data Center Growth in Texas: Energy, Infrastructure, and Policy Pathways

The Bureau of Economic Geology at UT’s white paper on the future of digital infrastructure and energy in Texas.

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Juvo Energy Launches Search for Additional Capital Partners to Fuel 10GW Data Center Portfolio Advancement

This strategic initiative supports the further advancement of Juvo’s robust, 10-gigawatt (GW) portfolio of data center projects strategically located across Electric Reliability Council of Texas (ERCOT) and Southwest Power Pool (SPP).

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Vistra Corp. Bets on AI Power Demand With $1.9 Billion Natural Gas Deal

Vistra Corp., a Texas-based company, has recently agreed to acquire seven natural gas power plants for $1.9 billion from Lotus Infrastructure Partners, aiming to meet the growing energy needs driven by artificial intelligence.

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Crusoe secures $11.6bn in debt and equity for OpenAI's Stargate data center campus in Abilene, Texas

Crusoe has raised the second phase of its $15 billion joint venture to fund a 1.2GW AI data center campus in Abilene, Texas.

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Video: Inside OpenAI's Stargate Megafactory with Sam Altman

Really good tour of Stargate’s new Abilene project. Super impressive.

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Building up Texas’ energy grid proving problematic

Companies withdraw state loan applications for gas-powered plants.

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Permian Basin natural gas processing surges as midstream firms expand

By the end of 2026, East Daley Analytics forecasts nearly 5.2 billion cubic feet per day of additional gas processing capacity across the Permian compared to 2024.

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Expected data center demand drives up gas company valuations

A new study from S&P Global Commodity Insights found expectations of the coming data center-driven demand boom are bolstering U.S. gas company valuations.

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AI Data Centers’ Urgent Need for Load Balancing

Can bitcoin mining be the partner that fixes that?

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Elon Musk says AI could run into power capacity issues by middle of next year

Elon Musk said Tuesday that artificial intelligence development could run into power generation problems by the middle of next year, as the technology industry builds increasingly large data centers.

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The U.S. Needs More Nuclear Power To Fuel the Artificial Intelligence Boom

Texas is the fastest-growing consumer of electricity in the nation, according to the Energy Information Administration. In 2024, the Electric Reliability Council of Texas (ERCOT)—which manages about 90 percent of the state's grid—said electricity demands could nearly double by 2030 as data centers and cryptocurrency grow and as oil operations in the Permian Basin begin to run on electricity instead of diesel.

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Data Centers as a Solution to our Energy challenges, not the Cause

The key is distributed energy, tapping into the dormant on-site energy production capacity within the rapidly expanding network of data centers across the country.

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Rebuttal: Data Centers as Grid Assets, Not Liabilities

Data centers with behind-the-meter (BTM) generation and a commitment to demand response or interruptible tariffs can actually help reduce stress on the grid and lower energy costs for everyone.

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Three ways data centers can solve for energy independence

Data centers can’t wait for appropriate outside energy solutions, especially when customer demand is so high. There is a solution to the bottleneck: rethinking a power strategy that incorporates more sustainable and self-sufficient options, like creating a microgrid, building strategically, and increasing operational efficiencies.

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Building at the Speed of Demand

How modular data centers and on-site energy solutions are changing the game.

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Energy Consumption in Different Types of Data Centers

An interesting look at energy footprints by data center types.

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Energy Contracts: Structures and Pricing Models for Data Centers

Data-center electricity deals are purpose-built to deliver round-the-clock power at predictable cost while giving utilities revenue certainty and, increasingly, supporting renewable-energy goals. Four contract pillars dominate.

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Podcast: Energy Espresso’s Dave Bosco Unpacks Data Centers and Energy

In this episode, Dave talks about natural gas power plants in Ohio, Google’s 1 MW racks, and what it all means for the U.S. energy market.

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Podcast: Flexibility: The Key to Unlocking More Data Center Power

Data Center Richness talks with Tyler Norris, whose recent research paper titled “Rethinking Load Growth” has made waves in the energy sector, advancing new strategies for managing growth on America’s power grid.

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Audubon completes power project for WhiteWater Midstream in Texas

Upon completion, the permanent substation will provide long-term power for the Gardendale pumping station, reinforcing the region’s energy infrastructure and enabling efficient NGL delivery through the BANGL pipeline system.

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Eric Trump Targets Cost-Cutting in Bitcoin Mining Strategy

One of the cornerstones of the United States strategy for Bitcoin mining, according to Eric Trump, is the use of inexpensive electricity. He stated that making something for only a fraction of what people are ready to spend on it while using the most affordable forms of energy available is a revolutionary idea. The entity plans to capitalize on extra energy produced from fossil fuels that is now available in the United States.

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Sangha Renewables Launches 20 MW Bitcoin Mining Facility Powered by Solar Energy

Sangha Renewables breaks ground on a West Texas facility and secures $14M in funding to reshape power monetization.

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Cryptominer Cipher signs 300MW energy deal with Engie in Texas

Companies colocating data centers with wind farm.

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Nebraska First in US to Regulate Energy Use for Crypto Mining

Nebraska passes LB 526 to regulate crypto mining operations using over 1MW. Final call now rests with the Governor.

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‘We have the power’: Bitdeer exec explains why miners are in demand beyond crypto

He explained that thanks to the rise of AI and big cloud computing needs, power infrastructure is more critical than ever — and Bitcoin miners like Bitdeer are right in the middle of that transition. “We happen to have a lot of power at the right time,” he noted, making miners part of the new energy conversation.

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Bitcoin Mining & Green Energy

Bitcoin mining is becoming an unexpected ally in the green transition. The technology is showing potential as a grid stabilizer in a vulnerable energy system.

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Video of a Bitcoin Mine Using Stranded Natural Gas

Quick peak inside a bitcoin mine using field gas.

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Just for fun: Railroad Roots: How Midland-Odessa Began to Boom

Before the pumpjacks, paved roads, freeways, or any other modern amenity, it was the railroad that helped jumpstart life in our little corner of West Texas.

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