Lancium
A Texas power infrastructure developer that supplies electricity to large AI data centres, including the Stargate site.
Lancium builds the thing everyone forgot to worry about: the electricity supply for AI. The company develops sites in Texas that combine power generation, grid connections and land, then leases the whole package to data centre operators. It sits behind the OpenAI and Oracle data centre in the state and has around four gigawatts under contract, with sites in development for up to fifteen more. One gigawatt is roughly a large nuclear reactor’s worth of output.
The company matters because it marks where the AI bottleneck moved. Chips can be ordered in months; a grid connection takes years. That is why Nvidia agreed in August 2026 to invest up to $3 billion in Lancium, taking roughly a fifth of a company valued near $10 billion. Chipmakers are now buying into the power business to protect their own customers’ ability to plug anything in.