The United States Department of Commerce and the Government of the Republic of Korea Announce Strategic Investment in Project Star, a $22.3 billion Energy Infrastructure Campus in Encinal, Texas, being jointly developed by Related Companies and NextEra Energy, in partnership with Lewis Energy Group
The U.S. Department of Commerce and the Republic of Korea selected Related Companies and NextEra Energy Resources, in partnership with Lewis Energy Group, to develop Project Star, a $22.3 billion energy infrastructure campus in Encinal, Texas. Project Star will create 6.47 GW of natural gas generation to support an adjacent 5 GW Related Digital data center campus and deliver excess power back to the ERCOT grid, with initial generation anticipated as early as 2029 subject to permitting. The energy campus will be owned jointly by the Republic of Korea and the U.S.
Key figures
- Deal Value Usd
- $22.3 billion
- Initial online year
- 2029
- Nee texas investment
- over $20 billion
- Permanent power jobs
- 170
- Generation capacity gw
- 6.47
- Nee texas operating gw
- more than 9 GW
- Peak construction jobs
- 8400
- Adjacent data center gw
- 5
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.