Gas producer or data centre company? Why is this ASX energy share up 16%
The new subsidiary will seek partners for data centre, power generation and pipeline work as the company targets a larger domestic gas market.
- On Wednesday, the Northern Territory Government granted Beetaloo Digital Pty Ltd., a unit of Beetaloo Energy Australia Ltd., exclusive rights to 185 hectares at Weddell to develop two hyperscale AI data center campuses.
- Beetaloo Energy plans to integrate Beetaloo Basin gas production with on-site power generation, creating a vertically integrated business that transforms a stranded resource into a durable domestic customer.
- The Northern Territory Government believes the development could attract up to $40 billion in private investment, while Beetaloo Energy Managing Director Alex Underwood said the proposal creates a "significant new domestic gas market."
- Northern Territory Chief Minister Lia Finocchiaro noted Weddell's proximity to Darwin's subsea cables offers hyperscale operators direct links to Asia-Pacific markets, positioning the site as strategically advantaged.
- Beetaloo Digital is currently seeking consortium partners to advance pre-FEED studies while intending to overbuild generation capacity, potentially providing the Northern Territory with reliable baseload electricity.
11 Articles
11 Articles
A gas-rich outback station could host a $28bn off-grid AI data centre
On a cattle station deep in the Northern Territory outback, roughly 683km south of Darwin, a Singapore-headquartered developer wants to build one of the largest data centres in the southern hemisphere. The plan leans on a resource the region has in abundance and the electricity grid does not reach out to supply: gas. Energy North […] This story continues at The Next Web
Gas-Rich Australian Region Backs $28 Billion Data Center Project
Sydney Morning Herald
Beetaloo powers into AI boom with NT gas-to-digital strategy
Beetaloo Energy has secured exclusive NT land for a proposed gas-powered AI data centre precinct, opening a potential long-term domestic market for its Beetaloo Basin gas.
Gas-rich Australian region backs $28bn data centre project
Australia’s Northern Territory has granted land to a major data center project that claims it could attract A$40-billion ($28-billion) in private investment. The region’s government awarded 185 hectares (457 acres) of land to Beetaloo Digital, a unit of natural gas company Beetaloo Energy Australia, to develop two “hyper-scale” AI data center campuses, it said in a statement Wednesday. The company plans to build up to 2 GW of power generation fo…
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