01 · Investable
Cooling overlay
Fanless cassette rows, a buried pipe, and a 250 MWh cold storage tank. The chiller is 8.45 MWe at COP 6 and runs on surplus PV. That is the 50 MW hall.
The case
The application that gets picked.
The interconnect approval queue decides who wins compute capacity — not GPUs. Undifferentiated 50 MW interconnect filings wait. You are not buying solar. You are buying an existing grid connection and filing a load the operator can say yes to. Texas (Pecos) is the worked example. The same two clocks exist on every grid: power out, and permission to pull power in after dark.
The problem
The interconnect queue does not rank undifferentiated load.
Hundreds of gigawatts of large-load filings look the same to the grid operator: a new 50 MW hall, a new line, new water, new air permits. The filing that moves reuses a connection already in service, stays under that market’s large-load threshold, takes power the grid would otherwise spill, and can run islanded if overnight service is slow. Texas is the named example. The same two clocks exist on every wholesale market.
Three propositions
Phase 0 is 50 MW, Phase 1 is 58.5 MW, then 153.72 MW, then 175.04 MW. Phase 3 is full off-grid.
Phase 1 is 58.5 MW, cooling only. Phase 2 stays on the grid with engines, 153.72 MW. Phase 3 is full off-grid, 175.04 MW.
02 · Filing
Grid + engines
153.72 MW of firm IT. Still on the grid. About $369.6 million a year.
03 · Option
Full off-grid
175.04 MW of firm IT. Same fence. About $405.2 million a year.
CFO
Economics
The cooling plant rejects 50.7 MWth, so the fence holds 50 MW of firm IT. A 250 MWh cold storage tank discharges up to 35 MWth. The chiller is 8.45 MWe and runs on surplus PV.
Phase 2 stays on the grid, adds engines and the heat train, and reaches 153.72 MW. Phase 3 is full off-grid at 175.04 MW of firm IT.
EconomicsCTO
Cooling & generation
Fanless cassette rows, 3.1 MWth of buried pipe, and a 250 MWh cold storage tank. On 17 June at 15:00 the tank is at its 35 MWth limit. The chiller runs on surplus PV.
Cooling & generationCounsel
Permitting
The farm reuses the generation permit and the live interconnect. Phase 2 reaches 153.72 MW and stays on the grid. Phase 3 is full off-grid at 175.04 MW.
PermittingWorked example · 100 MWdc existing PV · Pecos, Texas
Phase 0 is 50 MW, Phase 1 is 58.5 MW, then 153.72 MW, then 175.04 MW on one fence.
Phase 1 is the cooling plant: fanless cassette rows, a buried pipe, and a 250 MWh cold storage tank, sized to reject 50.7 MWth. That is 50 MW of firm IT. Phase 2 stays on the grid, adds engines and the heat train, and reaches 153.72 MW. Phase 3 is full off-grid at 175.04 MW of firm IT.
- Phase 1 — cooling
- 50 MW AI
- Phase 2 — grid + engines
- 153.7 MW AI
- Phase 3 — off the grid
- 175 MW AI
50 MW of firm IT. The plant rejects 50.7 MWth. The chiller is 8.45 MWe at COP 6 and runs on surplus PV.
Grid plus engines. 153.72 MW. About 1.87 years versus Phase 1.
Full off-grid. 175.04 MW. Same fence. 2.22 years versus Phase 1.
Starting plant is 100 MWdc on the same land. Phase 1 reject is about 35 acres. Phase 2 shares about 76. Phase 3 shares about 94 and is full off-grid. Jacket water sets the later acres. No mirror acreage is drawn.
$150M / year — Phase 1 firm
50 MW of design-target 99.9% firm AI × $3M per MW-year planning value. A planning year, not a live meter.
About $370M / year
Phase 2 is 153.72 MW. About $369.6 million a year. About 1.87 years versus Phase 1.
175.04 MW — full off-grid
Phase 3 is full off-grid at 175.04 MW. About $405.2 million a year. 2.22 years versus Phase 1.
Phase 3 is full off-grid at 175.04 MW. About $405.2 million a year after operating cost. 2.22 years versus Phase 1. Same fence.
The three published days are 17 June, 22 June, and 6 December. The hall is 50 MW on each of them.