Google Launches 1 GW Texas Data Center, Prices $84.75B AI Infrastructure Raise
GOOG•Google shares rose nearly 4% after announcing the 800-acre Meitner Energy Center in Gray and Roberts Counties, featuring a data center and over 1 GW of on-site wind, solar and battery storage. The company priced an upsized $84.75 billion equity raise, including a $10 billion Berkshire Hathaway private placement, to fund AI infrastructure.
1. Meitner Energy Center Details
The Meitner Energy Center spans 800 acres across Gray and Roberts Counties in Texas, combining a new Google data center with dedicated on-site power generation assets. It includes more than 1 gigawatt of wind, solar and battery storage capacity to supply electricity for services such as Search, Gmail, Maps and Google Cloud.
2. Capital Raise and Investor Participation
Google priced an upsized $84.75 billion equity offering, boosted by a $10 billion private placement from Berkshire Hathaway. ARK Invest also disclosed a purchase of 267,582 shares valued at roughly $96 million, reflecting renewed investor interest in Google’s AI infrastructure expansion.
3. Job Creation and Sustainability Measures
The project will create thousands of construction jobs and incorporate air-cooling technology to minimize water use, reserving on-site water primarily for domestic needs. Google has committed $10 million to its Texas Water Impact Fund to support local water infrastructure and conservation projects.
