Brookfield Asset Management (NYSE: BAM) is leading a coalition of energy, infrastructure and utility companies in announcing plans to develop a data center campus at the US Department of Energy’s (DOE) Paducah Site in Western Kentucky.
The $100 billion privately funded project repurposes land that was formerly a uranium enrichment site. The new project, which is slated to be fully constructed in 2032, will support up to 1.8 gigawatts (GW) of utility capacity and over 1.2 GW of compute capacity — backed by up to 4.6 GW of dedicated generation resources paid for and built specifically for the project.
Joining Brookfield in the project are NextEra Energy (NYSE: NEE), Big Rivers Electric Power Corporation, Jackson Purchase Energy Cooperative and Paducah Power System. The partners in the endeavor project the creation of approximately 8,000 construction jobs and 600 full-time operations jobs.
“This new campus helps secure our nation’s position as a global leader in innovation,” said US Energy Secretary Chris Wright in a press statement. “It’s difficult to overestimate the importance of this project. The planning and investment by NextEra Energy and Brookfield provides a crucial roadmap for future projects in the United States by revealing the ability to build world leading infrastructure without passing costs on to surrounding communities.”
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