The Power Allocation

Meta's Billion-Dollar Indiana Campus

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In this episode of The Power Allocation, we analyze Meta's groundbreaking on a 1 gigawatt data center campus in Lebanon, Indiana—backed by a $10 billion investment that's reshaping how states compete for hyperscale projects.

One gigawatt. One campus. That's enough to power 750,000 homes—and Meta is building it for servers. Indiana won by solving the power equation.

Key topics covered:

  • Why Lebanon, Indiana beat coastal markets: cheap power, available land, cooperative utility
  • AES Indiana's creative power solutions and state economic development incentives
  • Building a small city's worth of electrical infrastructure from scratch
  • How Meta's 6.6GW nuclear procurement connects to the Indiana campus
  • The new economic development playbook: power availability over traditional incentives

    • About The Power Allocation: Brought to you by Spring Street Management Group, translating data center and energy hype into real infrastructure and assets on the daily.

    Keywords: Meta data center, Lebanon Indiana, 1 gigawatt campus, $10 billion data center, AES Indiana, hyperscale Midwest, Indiana economic development, Meta nuclear power, secondary market data center

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    The Power AllocationBy Spring Street Management Group