TLDR NextEra Energy joins a $22B Texas project targeting 6.47 GW of new generation. Project Star will support a privately funded 5 GW data center campus in Texas. Developers plan to send exce
NextEra Energy, Inc. (NEE) closed at $75.74, down 0.20%, before rising 0.18% to $75.87 in pre-market trading. The company joined Related Companies and Lewis Energy Group on a $22 billion energy infrastructure project planned for Encinal, Texas. Project Star targets 6.47 GW of generation capacity and will support a privately funded 5 GW data center campus.
The U.S. Department of Commerce and South Korea selected the development team to advance the large energy project in Texas. Related Digital plans to develop the adjacent data center campus, while the power site will use locally supplied natural gas. Meanwhile, Project Star will return excess electricity to the ERCOT grid, supporting reliability as Texas data center demand expands.
NextEra Energy Resources and Related Companies plan to develop, build, and operate the natural gas generation facilities at the campus. Lewis Energy Group will provide land, natural gas, produced water, and supporting infrastructure needed for the planned power development. Together, the partners aim to connect new electricity supply directly with new computing demand rather than existing grid resources.
Texas Governor Greg Abbott directed large data centers to bring dedicated generation when connecting major loads to the ERCOT system. Project Star follows that policy by pairing the planned data center campus with new generation built specifically for its operations. The developers also expect surplus output to serve the wider grid and reduce pressure from rapid electricity demand growth.
The developers expect construction activity to create about 8,400 jobs during peak work across several years in South Texas. Once operational, the power campus could support about 170 permanent jobs, while the neighboring data center adds hundreds more. Local contractors, suppliers, small businesses, and service providers could also receive new work as construction and operations expand.
The project forms part of broader economic cooperation between the United States and South Korea in strategic industrial sectors. Both governments announced a trade deal in July 2025 and signed a strategic investment agreement later that November. That framework covers cooperation in energy, artificial intelligence, manufacturing, and other areas linked to long-term industrial investment.
South Korea and the United States will jointly own the energy campus under the structure established by the bilateral agreement. Korean companies could contribute technology, equipment, and supply chain capabilities during development, construction, and future operations at Project Star. The partners expect initial generating resources to enter service as early as 2029, subject to required permits and regulatory approvals.
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