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 demonstrates how secondary markets can capture hyperscale infrastructure by solving the power equation.

One gigawatt equals enough power for 750,000 homes. Meta is building that capacity for servers in what was recently farmland.

Key topics covered:

  • Why Indiana won: lower costs, available land, cooperative utility (AES Indiana), aggressive incentives
  • What $10B actually buys: substations, transmission, backup generation, cooling—an industrial city
  • How Meta's 6.6GW nuclear procurement announcements connect to this campus
  • The new economic development playbook: power availability and permitting speed over traditional incentives
  • Why states with constrained grids weren't even in the running

    • 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, Indiana data center, Lebanon Indiana, hyperscale data center, AES Indiana, gigawatt campus, data center investment, economic development, Midwest data center, Meta AI infrastructure

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    The Power AllocationBy Spring Street Management Group