(Source: Shutterstock)
Five Point Infrastructure LLC has formed PowerBridge LLC with a $1 billion equity commitment to develop and manage gigawatt-scale data centers, the company said May 15.
The newly-formed company will also manage associated power infrastructure and power connectivity throughout North America.
PowerBridge is positioned to benefit from affiliate LandBridge’s access to more than 275,000 surface acres for infrastructure development and low cost Waha natural gas, as well as FivePoint backer and water management company WaterBridge’s ability to address data center cooling needs.
"The formation of PowerBridge adds another important component to our powered land strategy,” David Capobianco, CEO and Managing Partner of Five Point, said in the announcement. “Together with Landbridge, WaterBridge, our deep institutional relationships and track record of building critical infrastructure companies, PowerBridge is well positioned to create best-in-class data, power and fiber solutions for data center customers."
PowerBridge is led by CEO Alex Hernandez, the former founder and CEO of Cumulus Data before it was acquired by Amazon Web Services in 2024. He also formerly served as the CEO of Talen Energy Corp. and currently serves on the board of ERCOT.
The PowerBridge team is made up of former Cumulus executives. It’s the only team to successfully develop and deliver a gigawatt-scale data center campus connected to wholesale power generation assets without a grid connection.
Recommended Reading
AI is Here—for Better or Worse—and Changing the Energy Landscape
2025-06-17 - Last year, people started talking about AI’s impact on natural gas demand. This year, it’s finally starting to take shape.
Initial Connection: Energy Transfer on Powering CloudBurst's Texas Data Hub
2025-05-23 - Energy Transfer Co-CEO Mackie McCrea tells the story behind one of the first deals to supply natural gas to a data center.
Exclusive: Halliburton's E-Fleets Lower Haynesville Completions Costs
2025-04-14 - Halliburton’s Neil Modeland, senior business technology development manager, shares insight into the company’s electrification services and efforts to minimize associated completions costs in the Haynesville Shale, in this Hart Energy Exclusive interview.
Darcy Partners Keeping Tabs with Oil, Gas’ Next Tech Startups
2025-05-20 - Darcy Partners evaluates technology that its members, particularly in the oil and gas industry, may want to put to use— from AI to a new, cool drill bits.
Glass Half Full: Produced Water Can be Constraint or Growth Driver
2025-05-21 - Water management strategies from innovative companies address challenges that include operational efficiency, seismicity and water scarcity to take advantage of the reuse of produced water.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.