- Five Point Infrastructure launches PowerBridge LLC with a $1 billion equity commitment.
- PowerBridge aims to develop gigawatt-scale data center campuses in North America.
- CEO Alex Hernandez, former CEO of Talen Energy (TLN), leads the new venture.
Five Point Infrastructure LLC has announced the establishment of PowerBridge LLC, backed by an impressive equity commitment of up to $1 billion. PowerBridge is set to focus on the development, construction, and management of gigawatt-scale data center campuses, accompanying power infrastructure, and fiber network connectivity across North America.
Through a strategic alliance with its affiliate company, LandBridge (LB, Financial), PowerBridge gains immediate access to a vast expanse of over 275,000 acres of surface land. This partnership also offers direct access to cost-effective natural gas from the Waha Gas market hub, significantly benefiting the infrastructure development efforts of PowerBridge.
PowerBridge is strategically positioned to address the growing demands for digital infrastructure by leveraging its collaboration with WaterBridge, a leading water management entity. This relationship will support the cooling water needs essential for the operation of data centers and new power generation facilities.
The venture is headed by Alex Hernandez, an experienced leader with a notable track record, including his previous roles as founder and CEO of Cumulus Data and CEO of Talen Energy Corp (TLN). Hernandez emphasized the generational opportunity in the convergence of energy and digital infrastructure and expressed enthusiasm for providing scalable data center campus solutions to hyperscale customers with the institutional support of Five Point.
David Capobianco, CEO of Five Point, remarked on the significance of PowerBridge to their powered land strategy, highlighting the potential to redefine digital infrastructure through integrated, multi-gigawatt scale solutions, building on past successes such as the Cumulus project.
PowerBridge’s development efforts promise to be a pivotal addition to the digital infrastructure landscape, providing comprehensive power and fiber solutions designed to meet the requirements of today's data-driven economy.
