Stream Data Centers appoints Nikki Kresse as Chief Human Resources Officer. August 10, 2026 Experienced transformation executive set to strengthen talent, culture and organizational capabilities as Stream scales DALLAS, August 10, 2026 - Stream Data Centers, a time-tested hyperscale partner and one of the longest-standing developers in the industry, today announced the appointment of Nikki Kresse as Chief Human Resources Officer (CHRO). Kresse joins Stream's executive leadership team at an important point in the company's growth, bringing deep experience building the talent, culture and organizational capabilities required to scale complex businesses. As demand for digital infrastructure continues to accelerate and Stream expands its platform, markets and capabilities, the company is making a deliberate investment in its organizational infrastructure to support its next phase of growth. As CHRO, Kresse will be responsible for strengthening leadership and talent, advancing culture, building scalable people systems and evolving the organizational and operating models that enable the business to execute effectively as it grows. Kresse brings extensive executive experience leading organizations through significant growth phases. Her background spans human resources, organizational effectiveness, enterprise transformation, communications and customer and employee experience. Throughout her career, she has helped organizations scale particularly by shaping high-performing cultures and creating greater clarity and accountability around how work gets done. Most recently, she served as Chief Experience and People Officer for Lifespace Communities. "Nikki's appointment represents an important investment in Stream's future," said Michael Lahoud, Chief Executive Officer of Stream Data Centers. "Our people have always been one of our greatest competitive advantages. As we continue to grow, our ability to attract and develop exceptional talent, strengthen our culture and build an organization that can scale with the opportunities ahead becomes even more critical. Nikki has a proven ability to connect people, culture and organizational strategy directly to business performance. She brings the experience and leadership we need to help build the next chapter of Stream." As CHRO, Kresse will partner closely with Stream's executive leadership team to translate business strategy into organizational capability while preserving the qualities that have differentiated the company throughout its history. "What attracted me most to Stream was the opportunity to help scale an organization with an extraordinary foundation and with some of the industry's most kind, smart, honest and passionate people at its center," said Kresse. "As companies grow, talent, culture and organizational capability become increasingly important enablers. I look forward to working alongside the leadership team to build on what makes Stream special while creating the clarity, accountability, capabilities and scalable systems that will help us continue delivering exceptional results for our customers." About Stream Data Centers Stream Data Centers is a leading developer and operator of wholesale colocation and build-to-suit data centers for hyperscale and enterprise customers across the United States. For over two decades, Stream has delivered innovative, sustainable, and operationally excellent solutions, acquiring, developing, and managing mission-critical infrastructure for the world's most demanding organizations. Today, more than 90% of its inventory is leased to Fortune 100 customers. Through its dedicated site development platform, Headwaters, Stream continues to expand a strategic land portfolio in key markets, while its energy team delivers solutions designed to reduce market risk and provide cost-effective renewable energy options. Stream is a key operating platform within Apollo (NYSE: APO) and is headquartered in Dallas, Texas, with a growing presence in major markets including Dallas, Phoenix, Chicago, San Antonio, Atlanta and beyond.

Stream proposes 867-acre Data Center campus in Graham, Texas. Jul 18, 2026 | Posted by Abdul-Rahman Oladimeji Headwaters Site Development, an affiliate of Stream Data Centers, is planning a data center campus called Project Saltworks on an approximately 890-acre site in Graham, Texas. The proposed development would include 15 data center buildings on land south of Lake Graham, near FM 61 and FM 209. Stream's Project Saltworks is expected to require around $10 billion in investment, though the project's planned data center capacity has not been disclosed. A tax impact assessment estimated that a $1 billion valuation would generate around $14 million in revenue for local school and hospital districts. Earlier this month, hydrogen company Plug Power sold Stream 66 acres of land in Graham and a 164MW grid connection for $76.5 million. It is unclear whether Headwaters has formally submitted an application for Project Saltworks. DCD has contacted the company for confirmation. The City of Graham has approved placing funds into escrow to cover project consultant fees, which will be reimbursed by Headwaters. Located around 90 miles (145km) west of Dallas-Fort Worth, Graham currently has no listed data centers, according to Data Center Map. There are 723 data centers in Texas.

Plug Power scraps $1bn Graham Texas Hydrogen Project to give way for Stream Data centre construction. Home " Plug Power scraps $1bn Graham Texas Hydrogen Project to give way for Stream Data centre construction. Published on Jul 13, 2026 Discover more Industrial Materials & Equipment Business & Industrial construction Discover more construction industry Engineering & Technology Graham Texas hydrogen project has entered a new development phase after plans for a green hydrogen production facility gave way to a data center project in Graham, Texas. The change follows a land sale agreement valued at up to $76.5 million, marking a shift from hydrogen infrastructure to digital construction. The site's valuable grid connection has emerged as its biggest asset, reflecting the growing competition between clean energy developments and hyper scale data center construction across the United States. The project originally formed part of Plug Power's wider strategy to expand domestic green hydrogen production. However, financial pressures, changing market conditions and soaring demand for high-capacity power connections encouraged a different development path. Instead of building electrolysis facilities, the site will now support future data center construction using its existing interconnection infrastructure. Discover more Geographic Reference Demographics Graham Texas Hydrogen Project shifts toward digital infrastructure. The Graham, Texas property includes approximately 164MW of grid interconnection capacity, making it attractive for hyper scale data center developers. Under the agreement, Stream US Data Centers will acquire the land and associated interconnection assets for up to $76.5 million. The transaction includes an initial payment of US$50 million at closing. An additional $26.5 million depends on the final electricity load capacity confirmed by the local utility. The deal also releases roughly $14 million in cash collateral after transferring grid-related obligations to the buyer. Together, these measures could generate approximately $90.5 million in liquidity for Plug Power. Construction activity at the site will therefore focus on preparing infrastructure for a future data center instead of hydrogen production facilities. The decision reflects broader industry trends. Developers increasingly value sites with existing power access because electricity has become the primary constraint for large artificial intelligence data centers. Consequently, projects with secured grid capacity command premium values across North America. Graham Texas Hydrogen Project reflects changing investment priorities. The Graham development once represented part of Plug Power's nationwide hydrogen manufacturing expansion supported by a $1.66 billion US Department of Energy loan guarantee. The company planned multiple hydrogen plants capable of supplying growing industrial demand. Nevertheless, the company later suspended several planned facilities while pursuing profitability and improving cash flow. Instead of investing heavily in new hydrogen production plants, management prioritized asset monetization and infrastructure optimization. Meanwhile, Stream Data Centers gains a strategically located property with significant electrical capacity for future digital infrastructure. The transaction also highlights an emerging relationship between hydrogen technology and data centers. Although the hydrogen plant will not proceed, both companies stated they will continue exploring opportunities to deploy hydrogen technologies within the data center sector, including potential backup power applications. Furthermore, the Texas agreement follows another transaction involving Plug Power's Gateway project in New York, where land originally intended for hydrogen production will also support large-scale data center development. Together, the transactions form part of a broader strategy targeting more than $275 million in liquidity improvements through asset sales, reduced maintenance costs and released restricted cash. Construction outlook for the Graham Texas Hydrogen Project site. The project site now enters a new construction cycle centered on digital infrastructure rather than renewable hydrogen production. Developers will complete the land transfer after satisfying standard closing conditions. Closing is expected around the end of July 2026. Following completion, Stream Data Centers will begin advancing development plans that leverage the site's established power infrastructure. While detailed construction schedules remain undisclosed, the property's existing grid interconnection should shorten project preparation compared with greenfield developments. The redevelopment illustrates how valuable energy infrastructure increasingly determines construction investment decisions. As artificial intelligence expands rapidly, developers continue seeking sites with immediate access to reliable electricity. Consequently, former clean energy projects may increasingly transform into data center campuses where suitable grid capacity already exists. The latest redevelopment also contrasts with other hydrogen investments that continue moving forward in Texas. For example, the proposed $4 billion AES Green Hydrogen Facility in Wilbarger County remains one of the state's flagship clean hydrogen developments, although it has faced market uncertainty following Air Products' withdrawal from the joint venture. The project highlights how Texas' hydrogen sector is increasingly diverging, with some developments advancing while others are giving way to higher-value digital infrastructure projects. Project fact sheet. Project name: Graham Texas Hydrogen Project redevelopment Value: Up to $76.5 million Project location: Graham, Texas, USA Project type: Land redevelopment for hyper scale data center construction Previous development: Planned green hydrogen production facility Current development: Data center campus Grid capacity: Approximately 164MW interconnection capacity Initial payment: $50 million Contingent payment: Up to $26.5 million Expected closing: Around July 31, 2026, subject to conditions Additional liquidity released: Approximately $14 million in cash collateral Estimated total liquidity benefit: Up to US$90.5 million Future opportunity: Potential hydrogen-based backup power solutions for data centers Project team. Seller: Plug Power Inc. Project buyer and future developer: Stream US Data Centers LLC Future facility owner: Stream US Data Centers Utility coordination: Texas electric utility responsible for final interconnection confirmation Grid infrastructure: Existing 164MW interconnection assets transferred with the property Legal and transaction teams: Representatives of Plug Power and Stream US Data Centers Potential future technology partner: Plug Power for hydrogen-powered backup systems, subject to future agreements Primary project objective: Redevelop the former hydrogen site into a hyper scale-ready data center campus with existing power infrastructure.