Homer City Redevelopment and Kiewit Announce Country’s Largest Natural Gas-Powered Data Center Campus to Support AI and HPC Demand
Projected Cost of Power Infrastructure and Data Centers Will Represent Largest Capital Investment in the History of
Facility Will Generate Up to 4.5 GW of Energy Production Powered by Seven GE Vernova Turbines; First Turbine Deliveries Expected to Begin in 2026
Will Utilize the Natural Resources and Differentiated Legacy Infrastructure of
Renderings of the Homer City Energy Campus Available Here: www.homercityredevelopment.com
GE Vernova (NYSE: GEV) will provide seven high efficiency 7HA.02 hydrogen-enabled, gas-fired turbines, with the first deliveries expected to begin in 2026. The Homer City Energy Campus will be built by Kiewit Power Constructors Co., one of the leading engineering, procurement and construction (EPC) contractors in the country. Much of the critical infrastructure for the project is already in place from the legacy
William Wexler, President and CEO of HCR, stated, “This project will honor Homer City’s place in the proud history of
Key attributes and benefits of the project are expected to include:
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Delivery of up to 4.5 gigawatts (GW) of power to support AI-driven hyperscale data centers, while reducing greenhouse gas emissions by 60–
65% per megawatt hour compared to the former coal plant. - Deployment of numerous previously secured long-lead power components coupled with sufficient generating capacity to serve multiple large data center customers and supply power to thousands of homes on the local grid.
- Creation of more than 10,000 direct on-site construction-related jobs1 along with approximately 1,000 total direct and indirect permanent high-paying positions2 in technology, operations and energy infrastructure.
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An initial capital investment projected to exceed
for power infrastructure and site readiness, with data center development to inject billions more, making this the largest such investment in Pennsylvania’s history.$10 billion
Importantly, energy production at the new Homer City Energy Campus will rely on natural gas produced in the Marcellus Shale Region of the
Knighthead Capital Management, LLC, on behalf of certain entities it manages and advises, has had significant equity positions in
Andrew Shannahan, a Partner at Knighthead, stated, “Knighthead is thrilled to be involved in the long-term development of the Homer City Energy Campus, which we believe will play a vital role in securing America’s AI and energy capacity dominance. We have long recognized the unique value inherent in Homer City’s infrastructure and power generation attributes, and we look forward to working closely with all of the local and national stakeholders that will play essential roles in making this vision a reality.”
Scott Strazik, CEO of GE Vernova noted, “We are honored to provide our
As part of today’s announcement, detailed renderings of the future campus, developed by Kiewit, have also been released. These renderings are available here: www.homercityredevelopment.com.
Dave Flickinger, Kiewit Power Constructors Co. Executive Vice President, added, "Kiewit is excited to help advance what is poised to become the nation’s largest natural gas-powered plant. We’ve been pleased by how quickly all parties have worked to make this project shovel-ready, all while holding firm to the highest standards of safety and quality – principles we live by at Kiewit. We look forward to continuing our tradition of collaboration and moving with purpose as we enter the next phase on the ground."
About Homer City Redevelopment:
Homer City Generating Station began operations in 1969, employing thousands with jobs and millions of customers with energy when in production. Located only 50 miles east of
About GE Vernova:
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in
About Kiewit:
Kiewit is one of North America’s largest and most respected construction and engineering organizations. With its roots dating back to 1884, the employee-owned organization operates through a network of subsidiaries in
About Knighthead Capital Management:
Knighthead Capital Management, LLC was co-founded in 2008 by Thomas Wagner and Ara Cohen and has grown to become a diversified asset management platform with an experienced team of investment professionals, specializing in fundamental analysis, operational and financial turnarounds and risk management. Knighthead’s long-term objective is to generate attractive risk-adjusted returns for its clients while emphasizing the preservation of capital. Knighthead manages assets across a variety of investment vehicles including insurance asset management, real estate lending, and closed and open-ended vehicles.
Forward Looking Statements:
This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company’s business operations, financial results and financial position and on the global supply chain and world economy.
1 Anticipated total number of direct on-site jobs related to the construction of both the natural gas-powered plant and the data center campus over an expected five-year period.
2 Anticipated total number of direct and indirect permanent positions to support the operations of both the natural gas-powered plant and all aspects of the data center campus once running at full capacity following the completion of the construction.
3 Resource Adequacy Comments at 2 (“PJM currently projects a potential shortfall in generation supply by the end of this decade.”).
View source version on businesswire.com: https://www.businesswire.com/news/home/20250402452555/en/
Media:
HCR: Robin Gorman, 724-388-7277, rgorman@homercityredevelopment.com
GE Vernova: Laura Aresi, Laura.Aresi@gevernova.com
Kiewit: Bob
Knighthead Capital: Longacre Square Partners, HomerCity@longacresquare.com
Source: Homer City Redevelopment