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Goldman Sachs co-leads financing for South Dallas One private data center power campus
Wednesday, December 31, 2025 at 06:02 PM
Goldman Sachs and Newmark Group are co-leading a financing round to raise hundreds of millions of dollars for the South Dallas One project, a private power campus developed by GridFree AI. The project aims to provide modular natural gas-fired power generation specifically for a cluster of data centers in south Dallas to address infrastructure constraints.
Context
Goldman Sachs is co-leading a strategic financing round for South Dallas One, a private power campus in Texas dedicated to supporting artificial intelligence infrastructure. Working alongside real estate advisory firm Newmark Group, the financing will support developer GridFree AI in building modular natural gas-fired generation facilities. This "behind-the-meter" approach allows data centers to bypass local grid constraints, ensuring a reliable energy supply for power-hungry GPU clusters.
The initial financing round aims to raise hundreds of millions of dollars, with further capital rounds expected as the project scales. Newmark has been appointed as the exclusive advisor and marketer for the hub, which represents a growing trend of private energy solutions for the AI supply chain. By decoupling from the traditional utility queue, the South Dallas One project provides a critical blueprint for rapid infrastructure deployment amidst nationwide power shortages and rising energy demand.
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