Meta Platforms confirmed on July 13, 2026, its Hyperion data center campus in Richland Parish, Louisiana, will scale to 5 gigawatts across 3,200 acres with total investment exceeding $50 billion. The expansion is financed through an off-balance-sheet joint venture with Blue Owl Capital, where Blue Owl owns 80% and Meta retains 20%. Entergy Louisiana is building 10 natural gas-fired power plants to deliver over 7 gigawatts of capacity, representing more than a 30% increase to Louisiana's entire grid, with Meta funding up to 2.5 GW of renewable generation and related infrastructure.
Meta's massive off-balance-sheet compute commitment locks in 5GW of future AI capacity, driving significant grid expansion and power generation buildout in Louisiana.