LandBridge Company LLC (NYSE:LB) shares jumped 5.8% in premarket trading Tuesday after the company announced a strategic partnership with NRG Energy, Inc. for a potential data center project in Reeves County, Texas.
The agreement lays out plans for a potential 1,100 MW grid-connected natural gas power facility that NRG could construct if it secures a suitable power purchase agreement for the site. Initial air permit filings and electric interconnection requests have already been submitted, potentially enabling operations as early as the end of 2029.
LandBridge’s land is strategically located near the Waha Gas market hub, granting direct access to low-cost natural gas and transmission infrastructure, which could support both regional growth and future Delaware Basin operations.
“NRG’s selection of this site for potential development of critical power generation supported by a data center project marks an exciting step forward for both LandBridge and the entire Delaware Basin,” said Jason Long, Chief Executive Officer of LandBridge. “The collaboration further advances our powered land strategy and highlights the compelling value that LandBridge offers to blue-chip power generators, and to developers of digital infrastructure, particularly data centers.”
Robert J. Gaudette, Executive Vice President and President of NRG Business and Wholesale Operations, added, “We are pleased to explore bringing reliable energy solutions to West Texas. Once anchored by a long-term customer, the site has the potential to foster innovation and support data center growth, economic resilience, and grid stability in the region.”
LandBridge Company stock price
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