GridAI agrees to buy Wyoming gas producer for AI power plans
The company targets an initial 300 MW in 2027, but has not named customers and still needs to build and finance the plants.
GridAI Technologies has agreed to acquire Wyoming gas producer Pronghorn Resources through an all-stock transaction as it seeks to supply electricity to AI data centers. The company said it aims to start delivering power in 2027, with an initial target of 300 MW.
The proposed gas-fired plants would supply data centers directly rather than require customers to wait for grid connections. GridAI estimates that Pronghorn’s existing gas production could support about 600 MW of electricity generation. However, construction and financing remain outstanding, and GridAI has not identified any customers.
In the Powder River Basin, Pronghorn produces nearly 100 million cubic feet daily from about 3,200 wells. Its assets include pipelines extending more than 450 miles, alongside land and mineral rights covering nearly 1 million acres.
Under the agreement, Pronghorn’s owners would receive about 1.25 million shares of GridAI and preferred stock. Closing is expected by 22 November. GridAI is also acquiring Wyoming rights to a planned design for a small nuclear reactor, although the company says its immediate focus remains gas.
