Goldman supports building power for AI data centers

Goldman Sachs is reported to be helping finance new power sites to serve AI data centers in south Dallas. Each campus is planned to use modular natural gas plants and target about 1.5 GW of capacity.

Goldman Sachs is reported to be moving into financing dedicated power sites to support AI data centers. The effort is described as a partnership with Newmark Group and developer GridFree AI, which is backed by Montauk Capital. The plan focuses on south Dallas where land is already secured for two of three planned campuses. Each campus is designed to use modular natural gas plants located next to data centers and to deliver around 1.5 GW of capacity. What was reported: - Goldman Sachs is reported to be teaming with Newmark Group and GridFree AI to raise equity and debt for power campuses. - Projects are focused in south Dallas, with land secured for two of three sites. - Each campus is planned as a modular natural gas plant placed next to data centers and aimed at about 1.5 GW capacity. - GridFree says electricity could begin flowing in under 24 months after leases are signed. - The first funding round is expected to be in the hundreds of millions of dollars, with more capital to follow. Summary: This move highlights investors expanding beyond chips and servers into power infrastructure as AI demand grows. You may want to follow updates on financing rounds, lease progress and permitting, as those details will shape timing and scale. Undetermined at this time are final financing amounts and exact commercial start dates.