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Black Hills signs definitive agreements to serve Google's data center with $1.8B investment
BKHBlack Hills Corp
Black Hills Corp. executed definitive agreements to provide energy services for a planned Google data center in Cheyenne, Wyoming. The company will invest $1.8 billion between 2027 and 2029 to construct 564 MW of new natural gas generation at its existing Cheyenne Prairie Generating Station. Black Hills will supply up to 590 MW of grid-connected energy and manage approximately 2.1 GW of third-party contracted resources through a private microgrid. The project is expected to generate about $150 million in net income by 2030 and deliver roughly $2.4 billion in unlevered free cash flow through 2048, with Google bearing all associated costs. Black Hills Corp. operates as an energy utility company providing natural gas and electric services across eight states.