The Daily Dig:
Liberty Energy disclosed a 330-megawatt power reservation agreement tied to a data center expansion in Texas, alongside a preliminary Energy Services Agreement with an undisclosed leading data center developer. The preliminary agreement lays out the commercial framework, covering economic terms, construction scheduling, cost recovery mechanisms, and termination payment structures in case a final agreement doesn't get executed.
Power delivery is planned across two phases. Half the capacity is targeted for fourth quarter 2027, with the balance slated for second quarter 2028. Liberty characterized the arrangement as a co-located, behind-the-meter power solution for data center customers.
Snapshot:
Company / Provider: Liberty Energy
Counterparty: Not disclosed (leading data center developer)
Location: Texas
Capacity: 330 MW
Agreement status: Preliminary Energy Services Agreement
Phase 1 timing: Q4 2027 (half of capacity)
Phase 2 timing: Q2 2028 (remaining capacity)
Disclosure source: Liberty Energy Q4 2025 earnings results
Related context: Liberty also announced a separate agreement with Vantage Data Centers to develop at least 1GW of power solutions, anchored by a firm 400MW reservation
TheJobWalk Thoughts:
When power reservations come with actual delivery quarters attached, it usually means someone's stopped talking and started planning. Even without a customer name in the mix, this kind of framework forces decisions early, power architecture, delivery logistics, commercial boundaries that end up defining what the rest of the job looks like. Worth paying attention to if you're chasing data center work. These power deals tend to surface months ahead of official project announcements, design packages, or anything resembling a bid window. By the time the RFP hits your inbox, the heavy lifting's already been mapped out.
