Google’s Wyoming data-center build just unlocked a long-dated gas-and-gigawatts trade.
Catalyst. Black Hills Signs Definitive Agreements Effective Sept. 30, 2026, With Terms Through 2048, To Serve A Planned Google Data Center To Be Constructed In Cheyenne, Wyoming; Investing $1.8B In New Company-Owned Natural Gas Generation; Project Is
Black Hills signed agreements to serve a planned Google data center in Cheyenne beginning Sept. 30, 2026, with terms through 2048. The project includes $1.8B in company-owned natural-gas generation, up to 590 MW of grid-connected service, and is expected to deliver approximately $2.4B of unlevered free cash flow after generation investment.
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