1606 Corp. began marketing its planned Lufkin, Texas powered site to secure a long-term capacity off-taker or strategic partner.
Commercial outreach targets hyperscalers, AI compute operators, infrastructure investors; potential outcomes include off-take, joint venture, or assignment of project rights.
Recommissioning plan advanced for the 55 MW biomass plant to support behind-the-meter power for AI and high-performance computing data centers.
Site acquisition remains tied to financing
Workstreams run in parallel with efforts to close the 132-acre site acquisition by Oct. 31, 2026, contingent on financing.
Failure to secure financing could derail closing, risking forfeiture of substantial non-refundable payments under the purchase agreement.
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