We find powered land, establish what it delivers and on what date, and prepare it for the company that builds on it. We read a site the way the buyer's own team will, because that is the seat we came from.
We go further than sourcing sites. We settle the power question first, because it decides every other question on the project.
Sites with the power established against a date, the structure agreed and the buyer's questions already answered.
Interconnection, firm capacity and the tariff are settled first, before a site is chosen and a date is promised.
The facts that decide a site are established in days. Discovering them in month four of diligence is what turns a delivery date into a renegotiation.
Load that lands on an existing connection is load the system does not have to build for, and it arrives with a profile a utility can plan against.
A shut or underused industrial site returns to the tax base on ground that is already industrial, without a new transmission corridor or a greenfield footprint.
Power, capital, the companies that sign for the compute, and the utilities that serve them. The counterparties a powered site has to reach.
CoreWeave
Nebius
Crusoe
G42
Microsoft
OpenAI
Anthropic
Meta
Mistral AI
xAIAnyone can hold a powered site.
Very few become projects.
New grid capacity in a primary US market runs five to seven years. Every site we work is already past that clock. Four stages turn one into something you can sign against.
Powered land moves through industrial owners, miners and utilities long before it reaches a broker. We work those channels, so sites arrive before the market has priced them.
Firm megawatts against nameplate, who controls the interconnection, and what the permits and the state allow. In writing, with the primary source behind each claim named.
A megawatt without a date does not clear a committee. Where the grid is late, on-site generation and storage carry the bridge, priced and sequenced with the specialists who build them.
The site, the owner and the evidence, with the questions your committee asks already answered. From there it is your paper, and we stay on the file through your diligence.
Two industrial sites whose owners had never run a data center, both now among the largest AI campuses under construction in the US.
Homer City Redevelopment, financed by a Knighthead-led group, is rebuilding the retired Homer City coal plant into a gas-powered AI data-center campus: seven GE Vernova turbines, EQT supplying the gas, Kiewit building it. The 3,200 acres and the grid position were already there; that is what made the rest assemblable.
TeraWulf bought Century Aluminum's shuttered Hawesville smelter for the roughly 482 MW of interconnection it left behind, then signed Anthropic to a 20-year offtake anchoring the new Justified campus: about 401 MW of contracted critical load. The plant was obsolete; the power was the prize.
Why the constraint moved from silicon to electricity, and why powered sites hold the window. Signed, dated, sourced.
Read the thesis → The Buildout RegistryFifty-eight US AI data center sites, verified against primary sources, with the contracted lease terms behind thirty-five of them.
Open the registry → AboutSeventeen years on the demand side of AI, and what that lets us tell you about a site.
Meet the firm →Existing connections are scarce for another three to five years, and then new supply closes the gap. Tell us what you are looking for, or what you hold. A first read comes back within two business days.
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