financetom
Business
financetom
/
Business
/
Energy Transfer Signs Long-Term Natural Gas Agreement With CloudBurst Data Centers
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Energy Transfer Signs Long-Term Natural Gas Agreement With CloudBurst Data Centers
Feb 10, 2025 6:13 AM

08:47 AM EST, 02/10/2025 (MT Newswires) -- Energy Transfer ( ET ) said Monday that it has signed a long-term agreement with Denver-based CloudBurst Data Centers to supply natural gas to their AI-focused data center in Central Texas.

Energy Transfer ( ET ) said its Oasis Pipeline will provide up to 450,000 MMBtu of firm natural gas per day to CloudBurst's Next-Gen Data Center campus near San Marcos, Texas.

The company said the natural gas supply would be sufficient to generate up to 1.2 gigawatts of electric power for at least ten years, beginning with phase one of the data center.

Energy Transfer ( ET ) said CloudBurst plans to make a final investment decision later this year, with the facility set to be operational by Q3 of next year.

Energy Transfer ( ET ) said it is in talks with several data center developers and expects this to be the first of many agreements to supply, store, and transport natural gas to power data centers and electric generation facilities.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Alaska Airlines Launches Loyalty Program Allowing Flyers to Pick Their Points
Alaska Airlines Launches Loyalty Program Allowing Flyers to Pick Their Points
Aug 20, 2025
07:03 AM EDT, 08/20/2025 (MT Newswires) -- Alaska Air Group's ( ALK ) Alaska Airlines said Wednesday that is introducing a new combined loyalty program that allows members to choose how they earn points. The Atmos rewards program allows members to earn loyalty points based on distance traveled, price paid, or flight segments, the carrier said. The program replaces Alaska's...
Shineco Signs Agreement With Plus Me; Shares Rise Pre-Bell
Shineco Signs Agreement With Plus Me; Shares Rise Pre-Bell
Aug 20, 2025
06:59 AM EDT, 08/20/2025 (MT Newswires) -- Shineco ( SISI ) said Wednesday it has executed a cellular asset on-chaining and marketing cooperation agreement with blockchain infrastructure provider Plus Me. Shares of the company rose more than 26% in pre-bell Wednesday activity. Financial terms of the deal were not disclosed. Under the terms of the agreement, Plus ME will deploy...
CGI and Kesko Sign Strategic Partnership
CGI and Kesko Sign Strategic Partnership
Aug 20, 2025
07:01 AM EDT, 08/20/2025 (MT Newswires) -- CGI (TSX: GIB.A and NYSE: GIB), a global independent IT and business consulting services firm, and retail services company Kesko on Wednesday said they signed a strategic partnership to accelerate digital transformation. The partnership covers a wide range of IT services such as end-user services, capacity services, cloud services, and integrations. It will...
Market Chatter: McDonald's to Slash Prices of Certain Combo Meals
Market Chatter: McDonald's to Slash Prices of Certain Combo Meals
Aug 20, 2025
06:59 AM EDT, 08/20/2025 (MT Newswires) -- McDonald's (MCD) will reduce the cost of certain combo meals following extensive talks with restaurant operators, The Wall Street Journal reported Wednesday. The fast-food giant has offered financial support if franchisees agreed to cut prices, the news outlet reported, citing people involved in the discussions. The company and its US franchisees agreed to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved