Black Hills Corp. to Power Meta's New Data Center in Wyoming with Innovative Energy Solutions and Mission-Critical Reliability

Core Insights - Black Hills Corporation is partnering with Meta to provide power for a new data center in Cheyenne, Wyoming, leveraging its electric utility, Black Hills Energy [7] - The company has a capital-light service model that supports industrial and data center loads while minimizing risks for other customers [1] - The data center business currently contributes 5% to the company's earnings per share (EPS), with expectations to increase to approximately 10% over the next five years [1] Company Overview - Black Hills Corporation is a growth-oriented utility company based in Rapid City, South Dakota, serving 1.34 million natural gas and electric utility customers across eight states [1] - The company has been providing energy solutions for data centers in Wyoming for over a decade, emphasizing reliability and customized energy resources [7][8] Service Model - The Large Power Contract Service tariff, established in 2016, allows Black Hills Energy to meet specific energy requirements for qualifying data center customers [3] - This innovative service model is designed to support the expansion of data centers while aligning with sustainability objectives [7]