Meta and Blue Owl Capital are teaming up to develop a new 730-acre data center campus in Temple, Texas—one of Meta’s largest infrastructure projects to date. The Hyperion Data Center, valued at $1.5 billion, will expand Meta’s computing capacity for artificial intelligence while emphasizing renewable energy and efficiency.
According to Meta’s announcement, the partnership structure with Blue Owl—a major alternative asset manager—marks a new model for how hyperscalers finance and build energy-intensive campuses. Blue Owl will own and develop the site, while Meta will lease and operate the facilities.
The project will reportedly feature advanced cooling systems and be powered by 100% renewable energy, in line with Meta’s global sustainability goals. Construction has already begun, with the first phase expected to come online in 2026.
The development highlights the growing strain that AI-driven data centers are placing on the U.S. power grid. Deloitte’s 2025 Power & Utilities Industry Outlook projects data center electricity consumption could triple by 2030, reaching up to 720 terawatt-hours annually. Utilities across the country are racing to meet this new demand with grid enhancements, nuclear restarts, and clean-energy tariffs aimed at big tech customers .
Texas, already a data center hotspot thanks to its land availability and deregulated market, is positioning itself as a national hub for AI infrastructure. The Hyperion project cements that role—and underscores how digital innovation and energy planning are increasingly intertwined.
Meta’s partnership with Blue Owl signals a shift in how Big Tech is financing its data ambitions. As AI workloads soar, collaborations between financiers, tech giants, and utilities could define the next chapter of America’s energy landscape.
