• Cloverleaf said on Aug. 21 that NVIDIA made a minority investment alongside a development partnership, and will run NVIDIA’s DSX platform to pull site, power, cooling and compute decisions earlier into design. Amount, valuation, ownership, projects and committed MW were all undisclosed.

• The Journal puts NVIDIA’s investment at several hundred million dollars, and Cloverleaf at more than 7 GW of powered land already sold — including Wisconsin sites for Oracle and OpenAI — against a pipeline above 10 GW. Backed by Sandbrook and NGP, it raised $300M at its 2024 launch.

WSJ · TechCrunch

• The Kentucky PSC approved the retail electric service agreement on Aug. 21 and TeraWulf announced it Aug. 24: up to 482 MW for the Justified Data Campus on the former Century Aluminum Hawesville site, where roughly 482 MW of transmission capability was left behind when the smelter closed.

• TeraWulf carries the market, transmission and delivery costs of its own load, plus customer-specific infrastructure and credit support; Big Rivers and Kenergy collect negotiated adders. At $10M–$12M per MW of critical IT load, it puts site work and the first data halls at $4.0B–$4.5B, before tenant compute.

• Reuters reports early-stage talks for roughly 58,000 net acres across East Texas and Louisiana, producing about 370 MMcfe/d net. Nothing is signed, and four sources cautioned a deal is not guaranteed.

• Western Natural, the Oklahoma City producer Gunvor backed earlier this year, would operate. It would be Gunvor’s second Haynesville move of 2026, after it funded Western Natural’s roughly $300M purchase in June, as the trader builds an integrated shale gas production and marketing arm.

• Woodside retired its 2030 Scope 3 targets on Aug. 25 — US$5B of new-energy investment and FID on 5 Mtpa of CO₂-e abatement — affirmed its 2030 Scope 1 and 2 target, and opened a strategic review of Beaumont New Ammonia. No sale or impairment was announced. New energy now runs the same capital framework as LNG.

• First-half revenue rose 13% to US$7.446B and net profit 27% to US$1.672B on a realised US$74.0/boe, against US$61.7 a year earlier. Free cash flow rose 159% to US$352M. Guidance narrowed to 174–185 MMboe, capex held at US$4.0B–$4.5B, and a US$350M annual cost-savings target starts in 2028.

Half-Year 2026 Report

• nVent agreed on Aug. 24 to buy McKinney, Texas-based Maverick Power for $1.75B, plus up to $550M of cash earnouts on 2027 and 2028 performance. Maverick builds engineered power distribution for data centers, with about 900 employees across Texas and Arizona and an estimated $700M of 2026 revenue.

• The base price is roughly 11.5x anticipated 2026 adjusted EBITDA, or 10.5x adjusted for the present value of expected tax benefits. Closing is targeted for the fourth quarter subject to regulatory approval, with Bank of America providing committed bridge financing.

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