DealsMay 11, 2026, 08:36 AM
CalEthos secures natural gas supply for 200-240MW data center campus
AI Summary
CalEthos, Inc. and its subsidiary TerraVolt Infrastructure, Inc. entered into a Letter Agreement with a top-tier natural gas marketing company for the firm supply of natural gas. This agreement is crucial for fueling TerraVolt's planned behind-the-meter onsite power plant, which will support its AI data center campus in Southeast Idaho with 55,000 MMBTU per day. CalEthos has already paid a $3,832,500 reservation fee and is required to provide a $6,000,000 standby letter of credit. This secures a stable energy source for the initial 200MW to 240MW phase of their data center development.
Key Highlights
- CalEthos secured a natural gas supply agreement for its planned data center power plant.
- The agreement provides 55,000 MMBTU per day of natural gas for TerraVolt's campus.
- CalEthos paid a $3,832,500 reservation fee to the supplier on May 8, 2026.
- The company is required to deliver a $6,000,000 standby irrevocable letter of credit by May 14, 2026.
- The supply supports the initial 200MW to 240MW phase of the data center campus.
- CalEthos must notify the supplier of the desired Start Date by April 30, 2028.