{"id":1004781974,"date":"2025-12-18T04:48:16","date_gmt":"2025-12-18T12:48:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004781974"},"modified":"2025-12-18T04:48:18","modified_gmt":"2025-12-18T12:48:18","slug":"tpl-bolt-team-up-to-develop-west-texas-data-centers","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tpl-bolt-team-up-to-develop-west-texas-data-centers\/","title":{"rendered":"TPL, Bolt Team Up to Develop West Texas Data Centers"},"content":{"rendered":"\n

<\/p>\n\n\n

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\"headshot<\/a>
Eric Schmidt is the co-founder of Bolt Data & Energy Inc. Image courtesy of the Office of Eric Schmidt<\/em><\/figcaption><\/figure><\/div>\n\n\n

Bolt Data & Energy Inc., led by former Google CEO & Chairman Eric Schmidt, and Texas Pacific Land Corp. are teaming up on a $150 million strategic agreement to develop and enable large-scale data center campuses<\/a> and supporting infrastructure across TPL land in West Texas. TPL is one of the Lone Star State\u2019s largest landowners with approximately 882,000 acres, much of it in the Permian Basin.<\/p>\n\n\n\n

As part of the agreement, Bolt raised $150 million of capital, out of which TPL invested $50 million. Furthermore, TPL will receive an equity interest, warrants and a right of first refusal to supply water to Bolt-affiliated projects and related infrastructure.<\/p>\n\n\n\n

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READ ALSO:<\/strong> Top Data Center Developers<\/a><\/p>\n\n\n\n

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Bolt is currently pursuing commercial partnerships and anchor customers to develop large-scale centers on TPL land. The companies did not release details about any upcoming projects.<\/p>\n\n\n\n

Bolt is a data and energy infrastructure company co-founded by Schmidt, who serves as its chairman. The firm is building an energy and integrated artificial intelligence infrastructure platform that combines abundant energy production, large-scale GPU computing and scalable land expansion opportunities. Schmidt said in a prepared statement the partnership with TPL will help Bolt provide reliable power as it aims to shorten the time between demand and delivery of data centers at scale. <\/p>\n\n\n\n

Bringing credibility<\/h2>\n\n\n\n

Curt Holcomb, managing director with JLL\u2019s global Data Center Solutions practice team, told Commercial Property Executive<\/em> this type of partnership is what the utility companies want to see to ensure that the investments they will make in infrastructure will pay off in the near future.<\/p>\n\n\n

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\"headshot<\/a>
Curt Holcomb is a managing director, Data Center Solutions, JLL. Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n

\u201cThe electric utilities are buried by requests for enormous amounts of electrical capacity. They are looking for groups that have land, capital and know-how to turn their proposed developments into reality,\u201d Holcomb said.<\/p>\n\n\n\n

Holcomb noted the data center development market is very active and that level of activity can come with a significant number of inexperienced developers who don\u2019t have sound business plans.<\/p>\n\n\n\n

\u201cPartnerships similar to the one announced by TPL and Schmidt\u2019s Bolt Data & Energy bring immediate credibility to the market,\u201d he shared.<\/p>\n\n\n\n

Texas has already become a stronghold for data center development. In August, Vantage Data Centers unveiled plans for Frontier, a $25 billion, 1.4-gigawatt data center campus outside Abilene, Texas<\/a>. At full build-out, the development will include 10 facilities totaling 3.7 million square feet.<\/p>\n\n\n\n

The area is also home to another data center project currently underway, a 1.2-gigawatt campus<\/a> developed by Crusoe in partnership with Blue Owl and Primary Digital Infrastructure.<\/p>\n\n\n\n

Energy powering data center growth<\/h2>\n\n\n\n

Schmidt noted that power production will be part of Bolt\u2019s focus to be a reliable provider, including natural gas<\/a>, renewable and ultimately, nuclear energy.<\/p>\n\n\n\n

In October, the Trump administration announced it was investing at least $80 billion in a strategic partnership with Westinghouse Electric Co., Brookfield Asset Management and Cameco Corp. to build nuclear reactors across the U.S<\/a>. to help meet the rising power demand driven by AI. Data center experts welcomed the news but told CPE<\/em> at the time significant expansion of nuclear projects is still years away even with the federal government vowing to ease regulatory constraints and speed licensing reviews. <\/p>\n","protected":false},"excerpt":{"rendered":"

Funds totaling $150 million seed this partnership.<\/p>\n","protected":false},"author":1068,"featured_media":1004782029,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21782,21742,51973],"tags":[32796,52756],"class_list":["post-1004781974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-development","category-latest","category-southwest","tag-jll","tag-texas-pacific-land-corporation"],"acf":[],"yoast_head":"\nTPL, Bolt Team Up to Develop West Texas Data Centers - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Bolt Data & Energy Inc. and Texas Pacific Land Corp. teamed up on a $150 million strategic agreement to develop data centers in West Texas.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tpl-bolt-team-up-to-develop-west-texas-data-centers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TPL, Bolt Team Up to Develop West Texas Data Centers\" \/>\n<meta property=\"og:description\" content=\"Bolt Data & Energy Inc. and Texas Pacific Land Corp. teamed up on a $150 million strategic agreement to develop data centers in West Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tpl-bolt-team-up-to-develop-west-texas-data-centers\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-18T12:48:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-18T12:48:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/Eric-Schmidt.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tpl-bolt-team-up-to-develop-west-texas-data-centers\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/tpl-bolt-team-up-to-develop-west-texas-data-centers\/\",\"name\":\"TPL, Bolt Team Up to Develop West Texas Data Centers - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tpl-bolt-team-up-to-develop-west-texas-data-centers\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tpl-bolt-team-up-to-develop-west-texas-data-centers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/Eric-Schmidt.jpg\",\"datePublished\":\"2025-12-18T12:48:16+00:00\",\"dateModified\":\"2025-12-18T12:48:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"description\":\"Bolt Data & Energy Inc. and Texas Pacific Land Corp. teamed up on a $150 million strategic agreement to develop data centers in West Texas.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tpl-bolt-team-up-to-develop-west-texas-data-centers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/tpl-bolt-team-up-to-develop-west-texas-data-centers\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tpl-bolt-team-up-to-develop-west-texas-data-centers\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/Eric-Schmidt.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/Eric-Schmidt.jpg\",\"width\":1200,\"height\":900,\"caption\":\"Eric Schmidt is the co-founder of Bolt Data & Energy Inc. 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