The collaboration plans to supply up to 360 megawatts of electricity across three locations in Virginia, West Virginia, and Kentucky.
The partnership will form an Acquisition and Development Company (ADC) to deliver reliable, cost-efficient, net-zero power from natural gas and captured coal mine methane (CMM) for data centers.
Leveraging local gas production, fuel cell technology, and infrastructure financing, the collaboration aims to create a scalable, sustainable energy solution to meet growing data center demands.
This partnership aims to develop a decentralized, high-performance, and sustainable energy solution to support the growing power demands of AI and high-performance GPU-driven data centers.
Utilizing U.S.-made technology and materials, the initiative could generate hundreds of well-paying jobs across construction, operations, maintenance, and engineering while fostering innovation in the data center industry and other high-energy sectors.
The projects aim to deliver abundant, reliable power to data centers within two years, ensuring continuous, scalable energy supply and uptime stability amid market fluctuations.
Jason Few, President and CEO of FuelCell Energy, stated, ”We believe the future of AI and other high-performance computing will require an abundant supply of clean, reliable, and locally generated power, ensuring that data centers can operate with maximum efficiency and sustainability.”
Karen Morgan, Managing Partner at TESIAC, stated, “We anticipate there will be multiple benefits for communities from this collaboration. Stabilizing the energy supply, while capturing methane emissions, turns an environmental challenge into an economic growth opportunity, creating steady job growth as a result of bringing the supply chain closer to the source of power and the end user.”
In January, Diversified Energy plans to acquire Maverick Natural Resources, an EIG portfolio company, for around $1.275 billion.
Price Action: DEC shares closed up 0.89% at $11.28 on Friday.
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