Norton Rose Fulbright LLP

10/08/2024 | Press release | Distributed by Public on 10/08/2024 09:18

Norton Rose Fulbright represents Crusoe Energy Systems in multibillion-dollar datacenter deal

A team of lawyers from Norton Rose Fulbright represented AI infrastructure company Crusoe Energy Systems (Crusoe) to develop a state-of-the-art datacenter facility in Abilene, Texas. The multibillion-dollar project will begin with the construction of two 100-megawatt datacenter that will go live in 2025.

This is the first phase of a larger 1.2-gigawatt buildout that aims to meet the growing demand of AI companies and products that require massive computing capacity. The facility, named Lancium Clean Campus, will be one of the largest AI datacenter campuses in the world when it reaches its full capacity.

The datacenter will include high-density data halls designed to enable AI workloads with plans to draw on local renewable energy. At completion, each datacenter building will be able to operate up to 100,000 GPUs on a single integrated network, advancing the frontier of datacenter design.

Norton Rose Fulbright negotiated a complex ground lease for the project site in Abilene. Datacenters represent a growing market in commercial real estate, as they rapidly evolve to sustainably support the energy demands of advanced AI workloads.

Norton Rose Fulbright's deal team was led by Bryn Sappington and included Daniel Farris (Chicago), Ammad Waheed, Daniel Rahim (Houston), Shannon Esperti (Denver), and Jacob Brackmann (Austin).