Liberty Energy JV Targets 2 GW Data Center Campus in West Texas
LBRT has more than doubled off its 52-week low of $9.9.
Summary
Liberty Energy and PowerBridge formed a joint venture to develop powered data center campuses, starting with a 2 GW campus in West Texas. The initial phase includes over 300 MW of generation capacity, with first power delivery expected in Q4 2027. This follows Liberty's recent $505M and $332.6M supply contracts for power generation equipment, signaling a strategic push into digital infrastructure. The JV leverages Liberty's power generation capabilities and PowerBridge's site development assets, targeting hyperscale and AI customers. The deal positions Liberty to capture demand from the growing data center market, though financial terms and capital commitments were not disclosed.
At the time of this announcement, LBRT was trading at $25.14 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.1B. The 52-week trading range was $9.90 to $34.48. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.