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EQT Secures Major Gas Supply Deal for Homer City Energy Campus
EQTEQT(US:EQT) ZACKSยท2025-07-16 15:11

Core Insights - EQT Corporation has signed an agreement with Homer City Redevelopment to supply natural gas for the Homer City Energy Campus, which will serve as an AI-integrated, high-performance computing data center spanning 3,200 acres [1][10] - The Homer City Energy Campus will feature a 4.4 GW gas-fired power generation facility, transforming Pennsylvania's largest former coal plant into a modern data infrastructure campus [2][10] - EQT will be the exclusive supplier of natural gas for the campus, with delivery facilitated through the Texas Eastern Transmission and Eastern Gas Transmission & Storage pipeline systems, ensuring a reliable energy supply [3][10] Natural Gas Supply Details - The natural gas supply for the project could reach up to 665,000 million British thermal units per day (MMBtu/d), highlighting the significant energy demands of data centers [4][10] - This agreement is considered one of the largest single-site gas transactions in North America, reflecting the growing energy needs of high-level computing and data storage [4][10] Infrastructure and Equipment - GE Vernova has secured a deal to supply seven 7HA.02 natural gas turbines, which are essential for the energy supply infrastructure of the data center, with deliveries expected to begin in 2026 [5]