NRG Energy secures hyperscaler capital for 1.2 GW Texas generation project aiming for $500M annual adjusted EBITDA by late 2029.
NRG Energy announced plans to develop a 1.2 gigawatt power generation project in Texas, targeting $500 million in annual adjusted EBITDA. The project, slated for completion in late 2029, is backed by a global cloud and AI hyperscaler’s capital commitment.
The initiative aligns with growing demand from data centers and AI-driven energy consumption. NRG’s management confirmed principal commercial terms during its Q2 2026 earnings call, though specific financial details remain undisclosed.
The project underscores NRG’s focus on expanding its generation capacity to meet rising power needs in key markets.