From The Motley Fool · Courtney Carlsen · · 1m
Black Hills and Google's AI Energy Deal
Black Hills' $1.8B AI energy deal with Google could boost its dividend and cash flow by 2048.
In brief
Black Hills' $1.8B AI energy deal with Google could boost its dividend and cash flow by 2048. Black Hills' 2027-2048 Google deal adds $150M annual net income and $2.4B free cash flow for AI data centers. Originally reported by The Motley Fool.
Black Hills' Dividend King Status
Black Hills has raised dividends for 56 consecutive years, making it a Dividend King.
Google Deal Announcement
Black Hills announced multiple agreements with Google to provide energy for its Cheyenne, Wyoming data center campus on Oct. 6.
Deal Details
The deal includes 2.7 gigawatts of power for Google's data center, with 590 megawatts grid-connected and 2.1 gigawatts off-grid.
Financial Projections
Black Hills projects $150 million annual net income and $2.4 billion free cash flow through 2048 from the deal.
Capital Expenditures
Black Hills will invest $1.8 billion in natural gas power generation between 2027 and 2029 to support the deal.
Wyoming Data Center Growth
Wyoming's data center market is expanding with Microsoft and Meta building facilities in Cheyenne, Wyoming.
Here's the gist
Black Hills' 2027-2048 Google deal adds $150M annual net income and $2.4B free cash flow for AI data centers.
