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.

Stream Data Centers has appointed Murray Woolcock as Chief Financial Officer and Scott Greubel as Executive Vice President of Construction to support its hyperscale expansion. Both executives previously worked with Stream as contractors before joining full-time. Woolcock brings over 25 years of experience in infrastructure development and investment, including roles as CFO of a communications infrastructure developer and Operating Executive at Apollo. He will oversee capital strategy, financial operations and procurement. Greubel spent 25 years at DPR Construction, where he led mega-projects for Intel, Meta, Adobe and others, helping scale DPR's revenue from $650 million to over $10 billion. He will reinforce Stream's construction capabilities and standards. Stream Data Centers is a wholesale data centre developer backed by Apollo, with over 90% of its inventory leased to Fortune 100 customers.

Moratorium: Another Central Ohio community is saying 'NO' to data centers. by Mike McCarthy Wed, May 13, 2026 at 5:17 PM Updated Wed, May 13, 2026 at 5:20 PM MORATORIUM: Another Central Ohio community is saying "no" to data centers COLUMBUS, Ohio (WSYX) - Jackson Township trustees voted unanimously Tuesday night on a one-year moratorium for data centers. The resolution takes effect immediately and applies to unincorporated land in the township, which is in southwestern Franklin County around Grove City. The moratorium is meant to give the township time to pause, examine the impact of data center developments, and address how township regulations may need to change to address any issues, administrator Shane Farnsworth said. There are currently no discussions about building a data center in Jackson Township, Farnsworth said. Trustees in nearby Pleasant Township also approved a data center moratorium this year, trustee Randi Good confirmed. Stream Data Centers is developing a facility on more than 300 acres between Rensch Road and Beatty, according to a map on the company's website and a public meeting notice on the project. The area runs through both Jackson Township and Pleasant Township, and at least some of the land would likely be annexed into Grove City. Grove City Community Relations Manager Pat Kindig said the city hasn't reviewed any annexation plans, and no data center application has been submitted to the city. Current Grove City zoning codes do not allow data centers, city law director Stephen Smith said at the May 4th city council meeting. Any application would require the rezoning process, which would include multiple public hearings, Smith said. Ohio has become home to a data center boom with more than two hundred across the state, making it the sixth-highest state in the U.S. for data centers. SPONSORED CONTENT MORE TO EXPLORE