tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

NorthWestern signs LoI to serve Quantica’s Montana data center development

NorthWestern Energy (NWE) announced it has signed a letter of intent to provide energy services for Quantica Infrastructure’s proposed data center development in Montana. NorthWestern Energy anticipates that service could be provided through its regulated business, pending further evaluation and regulatory considerations. This approach could improve cost efficiency by spreading the fixed costs of operating Montana-based energy infrastructure across a broader customer base. The projected Phase 1 energy service load is 500 megawatts, with phased growth to 1 gigawatt. Initial electric service could begin as early as 2026. The expected expansion to full Phase 1 of the data center development is 2030, depending on the progress of permitting, infrastructure development, and other planning activities. “We’re actively working with Quantica to optimize the transmission infrastructure and generation resources needed to support this project,” said Brian Bird, President and CEO of NorthWestern Energy. “Montana’s clean energy portfolio, reliable grid, and competitive rates make it an attractive location for new industries. This collaboration reflects our commitment to innovation, economic development, and delivering high-quality energy services.”

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1