Google is on track to provide more than $5 billion in construction loans and financing for a massive data center campus in Texas leased to Anthropic.
The 2,800-acre site, run by Nexus Data Centers, targets 500 megawatts of power by early 2026. Construction has already started, backed by an early loan from asset manager Eagle Point. Banks are lining up to fund the first phase by mid-year, and Google’s involvement through its parent Alphabet should cut costs thanks to its credit rating, according to the Financial Times.
Texas Location Pays Off
Sitting near big gas pipelines from Enterprise, Energy Transfer, and Atmos, the campus can run its own gas turbines. That cuts dependence on the grid, dodging high peak prices and long connection waits. Data centers across Texas could eat up 78 gigawatts by 2031, or 36% of the state’s power demand, per the Electric Reliability Council of Texas.
Part of Bigger Google-Anthropic Tie-Up
- Lease signed this month as part of their partnership.
- Initial 500MW, with room to grow to 7.7 gigawatts.
- Enough power for about half a million homes in the first phase.
Times Now reports Google could back the $5bn Texas data center leased to Anthropic. Livemint says Google nears a multibillion-dollar deal to support the project. TradingView and NewsBytes confirm details from Financial Times sources.
