1.2 GW Natural Gas Power Generation Facility
Project Parker is a strategic 2,600-acre land opportunity adjacent to Project Stargate, engineered to address the critical challenge of reliable power for AI infrastructure. The project features a 1.2 GW solid oxide fuel cell natural gas power generation facility, providing reliable baseload power capacity for hyperscale data center operations.
This project provides a direct and immediate solution to the current moratorium on large power commitments from the Texas grid, making it an invaluable asset for any entity looking to invest in the future of hyperscale AI. Project Parker is more than just a tract of land; it is a comprehensive, infrastructure-rich solution designed for the specific demands of the AI revolution.
The Parker property's strategic value is defined by its location and its unique combination of in-place, large-scale infrastructure:
A 345 kV transmission line currently runs near the property. A state-approved 765 kV upgrade is coming soon, which will dramatically enhance grid capacity and value.
A 36-inch natural gas pipeline is adjacent to the property, providing immediate access to massive and reliable fuel source for on-site power generation.
Located 1.15 miles off Interstate 20 with excellent access for construction and operations, and located just 30 miles from a major rail hub in Sweetwater. Superior logistics.
Situated just 4.21 miles west of the main Stargate campus and shares a boundary with Stargate-owned land. At the heart of the AI development epicenter.
Recognizing that grid-scale power is the primary constraint for AI development, the plan for Project Parker centers on energy independence. The strategy involves a 1.2 gigawatt (GW) natural gas-fired power generation facility providing reliable, behind-the-meter power for hyperscale data center deployment.
Capacity: 1.2 GW
Type: Natural gas power plant
Turnkey Cost: $3.5 billion
Land Requirement: ~20 acres
Pipeline Extension: 20" natural gas line
Distance: 3 miles
Cost per Mile: $5.1M
Total Cost: $15.3M
Acquisition Cost: $30 million for 2,603 acres (~$20K/acre)
Asset Monetization: Energized land sold to compute user at market rate of $750K/acre for data center deployment
Revenue from Land Sale: Approximately $75 million (100 acres × $750K/acre)
Land Value Multiple: 37.5x return on land acquisition ($75M revenue vs $30M cost)
Land Acquisition: $65 million (2,600 acres at $25K/acre)
Power Generation Plant (1.2 GW SOFC): $3.5 billion
Natural Gas Pipeline Infrastructure: $15.3 million
Total Capital Requirement: $3.565 Billion
Capacity: 1.2 GW
Power Rate: $0.06/kWh
Operating Hours: 8,760 hours/year
Annual Revenue: $631 million
Energized Land: 2,000 acres
Rate: $750,000/acre
Total Value: $1.5 billion
Multiple: 23.1x on land cost
Land Arbitrage: $65M investment in 2,600 acres enables $1.5B monetization potential through energized land sales at $750K/acre—a 23.1x value multiple.
Recurring Power Revenue: Annual power sales of $631M from 1.2 GW capacity provide stable, long-term cash flow.
Infrastructure Control: Ownership of power generation provides energy independence and positions Parker as a complete turnkey solution for AI hyperscale deployment.
Projected Returns: 20-25% IRR combining power revenue, operating cash flow, and land monetization.
Project Parker represents one of the most compelling infrastructure investments in the AI landscape. With 2.4 GW of combined generation capacity (Parker + Crooked Tree), 4,179 acres of strategic land, and $2.25B in land arbitrage potential, the portfolio delivers diversified value creation across power revenue, real estate development, and data center infrastructure.