Oracle Data Center Plan Hits New Setback in New Mexico

RegulationCommodity
โดย GuruFocus·Read original
Summary · why it matters

Oracle faces a fresh setback in New Mexico after state regulators rejected a natural gas pipeline that would help power its planned Project Jupiter data center. The 17-mile pipeline, proposed by Energy Transfer, was designed to move as much as 400 million cubic feet of gas per day to the site, where Project Jupiter could rely on up to 2.5 gigawatts of gas-powered fuel cells from Bloom Energy. New Mexico officials say the project would consume significant water, worsen emissions, and generate too little revenue for the state. The rejection makes an August 15 in-service target highly unlikely and could push construction into next year.

Impact on stocks 4

Energy Transition & Power Demand▼ · 2 stocks
Bloom Energy Corp
BE
▼ NegativeDemandrelevance

Pipeline rejection delays Project Jupiter, which would use Bloom Energy fuel cells, reducing near-term demand for Bloom's products.

Energy Transfer LP
ET
▼ NegativeRegulationrelevance

State regulators rejected Energy Transfer's proposed natural gas pipeline, blocking a key project.

Cloud & Digital Infrastructure▼ · 1 stocks
Oracle Corporation
ORCL
▼ NegativeSupplyrelevance

Pipeline rejection delays power supply for Oracle's Project Jupiter data center, pushing construction into next year.

Energy▼ · 1 stocks
Energy Transfer Partners L.P
ETP
▼ NegativeRegulationrelevance

State regulators rejected Energy Transfer Partners' proposed natural gas pipeline, blocking a key project.

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