Google Tours 250MW West Texas Data Center Deal With Eric Schmidt’s Bolt Data
Google is negotiating a deal with Eric Schmidt’s Bolt Data and Energy to build a 250-megawatt data center in West Texas on land owned by Texas Pacific Land. Bolt Data raised $150 million in December, including $50 million from Texas Pacific Land, to fund West Texas infrastructure development.
1. Negotiation Overview
Google is in discussions to commit 250 megawatts of capacity for a new data center project in West Texas with Bolt Data and Energy, the development firm co-founded by former CEO Eric Schmidt. The exact financial terms remain under negotiation as both parties assess project scope and timeline.
2. Strategic Site Resources
The project site sits on land owned by Texas Pacific Land, offering ample power and water resources crucial for large-scale data center cooling and operations. Bolt Data plans to leverage these resources to overcome regional constraints on energy and water as data center demand grows.
3. Funding and Growth Plans
Bolt Data launched with a $150 million funding round in December, including a $50 million equity investment from Texas Pacific Land. This capital will fund initial site development as Google targets accelerated infrastructure expansion to support its AI and cloud services.