Energy Transfer will provide up to 450,000 million British thermal units per day of firm natural gas through its Oasis Pipeline to CloudBurst's campus outside of San Marcos, Texas, contingent upon the data center operator reaching a final investment decision (FID) with its customer.

Federal regulators approved a proposal from the nation’s largest grid operator that will give primacy to 50 new power plants, a decision to help meet the country’s growing electricity demand.

Under the agreement, Louis Energy has secured exclusive rights to purchase natural gas from the Thiel Well 1 in Washington County, Texas. The gas will power a cryptocurrency mining facility located near the wellhead.

As a leading natural gas pipeline operator, Energy Transfer ( ET 0.80%) is in an excellent position to capitalize on the expected AI-powered surge in gas demand. The company recently took its first step to cash in on growing gas demand from data centers.