STOCK TITAN

Entergy Louisiana to power Meta's data center in Richland Parish

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Entergy Louisiana announces plans to support Meta's $10 billion data center project in Richland Parish with significant infrastructure investments. The facility, set to be Meta's largest at over 4-million square feet, will be built on the 1,400-acre Franklin Farm mega site.

The infrastructure development includes building three combined-cycle combustion turbines with 2,260 megawatts capacity, two Entergy-owned substations, six customer-owned substations, and nearly 100 miles of transmission lines. The project will create 1,500-1,800 construction jobs for generation units and 3,500-5,000 jobs for transmission investments, plus 44 permanent positions.

Meta will share infrastructure costs and contribute $1 million to Entergy's Power to Care program. The new generators, expected online between 2028-2029, will support 30% hydrogen co-firing initially, with potential for 100% hydrogen transition and carbon capture capabilities.

Entergy Louisiana annuncia piani per supportare il progetto da 10 miliardi di dollari di Meta per un centro dati nella parrocchia di Richland con significativi investimenti infrastrutturali. La struttura, destinata a essere la più grande di Meta con oltre 4 milioni di piedi quadrati, sarà costruita sul mega sito Franklin Farm di 1.400 acri.

Lo sviluppo infrastrutturale include la costruzione di tre turbine a ciclo combinato con una capacità di 2.260 megawatt, due sottostazioni di proprietà di Entergy, sei sottostazioni di proprietà dei clienti e quasi 100 miglia di linee di trasmissione. Il progetto creerà tra 1.500 e 1.800 posti di lavoro nella costruzione delle unità di generazione e tra 3.500 e 5.000 posti di lavoro per gli investimenti nella trasmissione, oltre a 44 posizioni permanenti.

Meta condividerà i costi infrastrutturali e contribuirà con 1 milione di dollari al programma Power to Care di Entergy. I nuovi generatori, che si prevede entreranno in funzione tra il 2028 e il 2029, supporteranno inizialmente il co-combustione di idrogeno al 30%, con potenziale per una transizione al 100% di idrogeno e capacità di cattura del carbonio.

Entergy Louisiana anuncia planes para apoyar el proyecto de centro de datos de 10 mil millones de dólares de Meta en la parroquia de Richland con importantes inversiones en infraestructura. La instalación, que será la más grande de Meta con más de 4 millones de pies cuadrados, se construirá en el mega sitio de Franklin Farm de 1,400 acres.

El desarrollo de infraestructura incluye la construcción de tres turbinas de ciclo combinado con una capacidad de 2,260 megavatios, dos subestaciones de propiedad de Entergy, seis subestaciones de propiedad de clientes y casi 100 millas de líneas de transmisión. El proyecto creará entre 1,500 y 1,800 empleos de construcción para las unidades de generación y entre 3,500 y 5,000 empleos para las inversiones en transmisión, además de 44 puestos permanentes.

Meta compartirá los costos de infraestructura y contribuirá con 1 millón de dólares al programa Power to Care de Entergy. Los nuevos generadores, que se espera que entren en funcionamiento entre 2028 y 2029, apoyarán inicialmente una co-combustión de hidrógeno del 30%, con potencial para una transición del 100% a hidrógeno y capacidades de captura de carbono.

Entergy Louisiana는 리치랜드 교구에서 Meta의 100억 달러 데이터 센터 프로젝트를 지원하기 위해 중요한 인프라 투자를 발표했습니다. 이 시설은 400만 평방 피트를 넘는 Meta의 가장 큰 시설이 될 것이며, 1,400에이커의 프랭클린 농장 대규모 부지에 건설될 예정입니다.

인프라 개발에는 2,260메가와트 용량의 삼중 사이클 가스터빈 3대를 건설하고, Entergy 소유의 변전소 2곳, 고객 소유의 변전소 6곳, 거의 100마일의 송전선이 포함됩니다. 이 프로젝트는 1,500~1,800개의 건설 일자리를 창출하고 복잡한 송전 투자로 3,500~5,000개의 일자리를 추가로 창출할 것 외에도, 44개의 상근직을 제공합니다.

Meta는 인프라 비용을 분담하고 Entergy의 Power to Care 프로그램에 100만 달러를 기부합니다. 2028~2029년 사이에 가동될 예정인 새로운 발전기는 초기 단계에서 30%의 수소 혼소를 지원하며, 100% 수소 전환 및 탄소 포집 능력이 가능할 것입니다.

Entergy Louisiana annonce des plans pour soutenir le projet de centre de données de 10 milliards de dollars de Meta dans la paroisse de Richland avec d'importants investissements dans les infrastructures. L'installation, qui sera la plus grande de Meta avec plus de 4 millions de pieds carrés, sera construite sur le méga-site de Franklin Farm de 1 400 acres.

Le développement infrastructurel comprend la construction de trois turbines à cycle combiné d'une capacité de 2 260 mégawatts, deux sous-stations détenues par Entergy, six sous-stations détenues par des clients et près de 100 miles de lignes de transmission. Le projet créera entre 1 500 et 1 800 emplois de construction pour les unités de génération et entre 3 500 et 5 000 emplois pour les investissements dans la transmission, ainsi que 44 postes permanents.

Meta partagera les coûts d'infrastructure et contribuera 1 million de dollars au programme Power to Care d'Entergy. Les nouveaux générateurs, qui devraient entrer en service entre 2028 et 2029, soutiendront initialement une co-combustion à 30 % d'hydrogène, avec potentiel de transition à 100 % d'hydrogène et des capacités de capture du carbone.

Entergy Louisiana kündigt Pläne an, um Meta bei seinem 10 Milliarden Dollar umfassenden Rechenzentrumprojekt in der Richland Parish mit erheblichen Infrastrukturinvestitionen zu unterstützen. Die Anlage, die mit über 4 Millionen Quadratfuß die größte von Meta sein wird, wird auf dem 1.400-acre großen Franklin Farm-Mega-Gelände errichtet.

Die Infrastrukturerweiterung umfasst den Bau von drei Kombikraftwerken mit einer Kapazität von 2.260 Megawatt, zwei von Entergy betriebenen Umspannwerken, sechs von Kunden betriebenen Umspannwerken und fast 100 Meilen von Übertragungsleitungen. Das Projekt wird zwischen 1.500 und 1.800 Baujobs für Erzeugungseinheiten und zwischen 3.500 und 5.000 Arbeitsplätze für Übertragungsinvestitionen schaffen, sowie 44 dauerhafte Stellen.

Meta wird die Infrastrukturkosten teilen und 1 Million Dollar zum Power to Care-Programm von Entergy beitragen. Die neuen Generatoren, die voraussichtlich zwischen 2028 und 2029 in Betrieb gehen, werden zunächst 30% Wasserstoffbeimischung unterstützen, mit der Möglichkeit eines Übergangs auf 100% Wasserstoff und CO2-Abscheidungskapazitäten.

Positive
  • Meta's $10 billion investment in data center construction
  • Creation of up to 6,800 construction jobs and 44 permanent positions
  • Meta's cost-sharing agreement expected to reduce existing customer costs by over $300 million
  • $1 million contribution to The Power to Care program
  • Significant infrastructure expansion with 2,260 megawatts of new generation capacity
Negative
  • Substantial capital expenditure required for infrastructure development
  • Long implementation timeline with generators coming online only by 2028-2029

Insights

This $10 billion Meta data center project represents a significant revenue catalyst for Entergy Louisiana. The strategic infrastructure investment includes three combined-cycle turbines with 2,260MW capacity and extensive transmission infrastructure. The cost-sharing agreement with Meta will reduce existing customer costs by over $300 million, while Meta's commitment to fund CCS technology and 1,500MW of solar/storage resources demonstrates long-term revenue stability.

The project's economic multiplier effect is substantial - creating up to 1,800 construction jobs for generation units, 5,000 jobs for transmission infrastructure and 44 permanent positions. This development could attract additional data center investments to the region, potentially leading to sustained revenue growth for Entergy.

The technical specifications of this project are impressive, featuring three state-of-the-art combined-cycle turbines designed for 30% initial hydrogen co-firing capability, with future upgradability to 100% hydrogen operation and carbon capture integration. The transmission infrastructure expansion, including 100 miles of 500kV lines and eight 230kV lines, significantly enhances grid reliability and capacity.

The forward-thinking approach to energy diversity, incorporating nuclear power exploration and renewable integration, positions Entergy strategically in the evolving energy landscape. The infrastructure's hydrogen-ready design and CCS compatibility demonstrate excellent foresight in meeting future decarbonization requirements while maintaining reliable power delivery.

This project positions Entergy Louisiana advantageously in the rapidly growing data center market. Meta's selection of the Franklin Farm mega site validates Entergy's site development strategy and could attract additional tech giants to the region. The project's scale - Meta's largest at over 4 million square feet - suggests strong future demand for Entergy's services.

The commitment to sustainable power solutions, including hydrogen capability and nuclear exploration, aligns with major tech companies' green energy requirements, potentially attracting more data center investments. This project could transform Northeast Louisiana into a significant data center hub, providing Entergy with a stable, high-growth customer base.

Investment in new infrastructure will transform Northeast Louisiana economy for generations

RICHLAND PARISH, La., Dec. 5, 2024 /PRNewswire/ -- Entergy Louisiana is pleased to announce plans to invest in modern, efficient generation facilities and robust transmission infrastructure to support the region and Meta's data center representing a $10 billion in investment in Richland Parish. Once completed, it will be Meta's largest data center at more than 4-million square feet.

This transformative project promises to revitalize Northeast Louisiana's economy, creating jobs, bolstering infrastructure and driving significant economic growth in the region, based on this project and others that may follow.

"Today marks a turning point for Northeast Louisiana," said Phillip May, Entergy Louisiana president and CEO. "This is more than just an investment in infrastructure; it's an investment in the people, businesses and communities of our state. Entergy Louisiana is proud to partner with Meta to bring this vision to life and support a project that will help shape the region's future for decades to come."

Just as Entergy's founder, Harvey Couch, pioneered new power solutions nearly a century ago, Entergy Louisiana is building on its legacy of innovation and commitment to community growth. By constructing cutting-edge electric infrastructure, Entergy is laying the foundation for economic success in a region that has faced challenges such as population decline and outward migration.

Strategic site selection

Meta's data center will be built on what is referred to as the Franklin Farm mega site, a more than 1,400-acre certified site, in Richland Parish, Louisiana, that boasts proximity to existing utility infrastructure and robust transportation routes. Entergy Louisiana marketed the site through its Site Selection Center and GoEntergy platforms, emphasizing its potential for large-scale developments.

"We're not going to just be powering a facility, we're going to be empowering a community," May added. "From job creation to infrastructure improvements, this partnership with Meta demonstrates what's possible when innovative companies and communities come together to build a brighter future.

"Our team is proud to have played a significant role in assisting the State of Louisiana in recruiting this project to our state."

Economic impact

Meta has announced their significant investment and associated impacts for their new artificial intelligence-optimized data center. Louisiana will benefit far more than just the investment made Meta. Entergy Louisiana's investment will also provide jobs to bolster our communities. 

During construction, Entergy Louisiana projects will provide significant economic benefits and create:

  • 1,500 to 1,800 construction jobs for the new advanced generation units being constructed
  • 3,500 to 5,000 construction jobs for substation and transmission investment
  • 44 permanent jobs

Richland Parish, known for its rich agricultural history and community traditions, stands to benefit significantly from this development.

Infrastructure to power progress

To support the Richland Parish Data Center, as well as broader economic development in the state and our growing customer base, Entergy Louisiana will:

  • Build three combined-cycle combustion turbines with a combined capacity of 2,260 megawatts, two of which will be in Richland Parish
  • Construct two Entergy-owned substations and six customer-owned substations
  • Install nearly 100 miles of 500kV transmission lines and eight new 230kV transmission lines
  • Upgrade existing infrastructure, including a substation near Sterlington

Pending regulatory approval, the new generators are expected to come online between 2028 and 2029.

Shared costs and community benefits

Revenue from Meta will significantly offset the costs associated to make service available to the company's data center and the region. Moreover, Meta will also share in the future cost of providing service like other customers including Formula Rate Plan costs, securitized storm costs and resiliency costs – this is expected to reduce costs that existing customers would otherwise pay by more than $300 million. Additionally, Meta has committed to contributing to Entergy's The Power to Care program, matching $1 million in shareholder contributions to assist older adults and individuals with disabilities in paying utility bills.

Commitment to sustainability

Both Meta and Entergy Louisiana are committed to sustainability. The new generators will initially support the ability to utilize 30% hydrogen co-firing and, through future upgrades, the ability to transition to 100% hydrogen and incorporate carbon capture and sequestration technology.

Meta has also committed to helping fund CCS technology at an Entergy power plant in Lake Charles as well as 1,500 megawatts of new solar and storage resources, complementing Entergy Louisiana's efforts to add 3 gigawatts of solar energy.

The companies have also committed to exploring nuclear energy as a future power supply option alongside renewable sources like solar and wind. This effort includes researching conventional nuclear technologies, supporting small modular reactors and potential upgrades to enhance the output of existing nuclear plants in Southeast Louisiana.

About Entergy Louisiana

Entergy Louisiana, LLC provides electric service to more than 1 million customers in 58 parishes and natural gas service to more than 94,000 customers in Baton Rouge, Louisiana. Entergy Louisiana is a subsidiary of Entergy Corporation (NYSE: ETR), a Fortune 500 company. Entergy powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We're investing in the reliability, resilience and growth of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees.

Cautionary note regarding forward-looking statements

In this news release, and from time to time, Entergy Louisiana makes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other things, statements regarding Entergy Louisiana's planned capital investments and its operational and load growth outlooks; and other statements of Entergy Louisiana's plans, beliefs, or expectations included in this news release. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Except to the extent required by the federal securities laws, Entergy Louisiana undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Forward-looking statements are subject to a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including (a) those factors discussed elsewhere in this news release and in Entergy Louisiana's most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q, and Entergy Louisiana's other reports and filings made under the Securities Exchange Act of 1934; (b) uncertainties associated with (1) rate proceedings, formula rate plans, and other cost recovery mechanisms, including the risk that costs may not be recoverable to the extent or on the timeline anticipated by the utilities and (2) implementation of the ratemaking effects of changes in law; (c) risks associated with operating nuclear facilities, including plant relicensing, operating, and regulatory costs and risks; (d) risks and uncertainties associated with executing on business strategies, including (1) strategic transactions that Entergy or its subsidiaries may undertake and the risk that any such transaction may not be completed as and when expected and the risk that the anticipated benefits of the transaction may not be realized, and (2) Entergy's ability to meet the rapidly growing demand for electricity, including from hyperscale data center and other large customers, and to manage the impacts of such growth on customers and Entergy's business; (e) direct and indirect impacts to Entergy or its customers from pandemics, terrorist attacks, geopolitical conflicts, cybersecurity threats, data security breaches, or other attempts to disrupt Entergy's business or operations, and/or other catastrophic events; and (f) effects on Entergy or its customers of (1) changes in federal, state, or local laws and regulations and other governmental actions or policies, including changes in monetary, fiscal, tax, environmental, or energy policies; (2) changes in commodity markets, capital markets, or economic conditions; and (3) technological change, including the costs, pace of development, and commercialization of new and emerging technologies.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/entergy-louisiana-to-power-metas-data-center-in-richland-parish-302324046.html

SOURCE Entergy Corporation

FAQ

What is the size and value of Meta's new data center in Richland Parish?

Meta's data center in Richland Parish will be over 4-million square feet, representing a $10 billion investment, making it Meta's largest data center.

How many jobs will the Richland Parish data center project create?

The project will create 1,500-1,800 construction jobs for generation units, 3,500-5,000 jobs for transmission investments, and 44 permanent positions.

What infrastructure is Entergy Louisiana building for the Meta data center?

Entergy Louisiana will build three combined-cycle turbines (2,260 MW capacity), two substations, six customer-owned substations, and nearly 100 miles of transmission lines.

When will the new generators for Meta's data center be operational?

Pending regulatory approval, the new generators are expected to come online between 2028 and 2029.

Entergy Corporation

NYSE:ETR

ETR Rankings

ETR Latest News

ETR Stock Data

15.90B
427.82M
0.21%
94.22%
1.79%
Utilities - Regulated Electric
Electric Services
Link
United States of America
NEW ORLEANS