Cleaner Energy Solutions (CES) Perspective: Google Nears Deal to Finance Anthropic's $5B Texas Data Center

Alphabet is closing in on an agreement to provide construction financing for a data center project in Texas valued at more than $5 billion, a facility that AI startup Anthropic has already committed to leasing, according to the Financial Times.

The deal, first reported on Thursday, would see Google extend loans to Nexus Data Centers, the developer behind the sprawling 2,800-acre complex. Alphabet is not building the facility itself but is acting as a financial backer, with its strong credit profile expected to help a consortium of banks provide funding at more favorable rates. The construction loans are expected to close in the coming weeks, with banks competing to fund the project’s first phase by mid-year.

A New Kind of AI Partnership

The financing arrangement deepens what has become one of the most layered relationships in the AI industry. Google already supplies Anthropic with custom tensor processing unit clusters through Google Cloud for training its large language models, an arrangement worth tens of billions of dollars. By backing the physical infrastructure where Anthropic will run its workloads, Google is evolving from cloud supplier to capital partner.

Anthropic signed its lease with Nexus Data Centers earlier this month. The facility is designed to deliver roughly 500 megawatts of power capacity by late 2026, with the potential to scale to approximately 7.7 gigawatts over time. To avoid dependence on the public grid and sidestep surge pricing during peak demand, the site plans to run its own gas turbines powered by nearby pipelines.

Texas Emerges as AI’s Infrastructure Capital

The deal is the latest in a cascade of multibillion-dollar data center commitments pouring into Texas, which is on track to become the largest data center market on Earth by 2030, according to Jones Lang LaSalle. Google announced a separate $40 billion investment in three Texas data centers in November 2025, while Anthropic that same month unveiled a $50 billion nationwide data center buildout starting with facilities in Texas and New York. Microsoft last week agreed to lease a 700-megawatt facility in Abilene that Oracle and OpenAI had walked away from.

Anthropic, which raised $30 billion in February at a $380 billion valuation, has not disclosed how it will fund all of its infrastructure ambitions. Specific terms of the Google-backed construction loan have not been made public, and Nexus Data Centers has not commented.

Cleaner Energy Solutions: Powering Texas AI Growth with Carbon-Zero, Resilient SMR Technology

At Cleaner Energy Solutions (CES), this surge in Texas data center demand highlights both the enormous opportunity and the urgent need for truly sustainable, reliable power. While on-site gas turbines offer short-term grid independence, they lock in carbon emissions and fossil fuel dependence at a time when AI-driven electricity demand is projected to reach 12% of U.S. consumption by 2028.

CES delivers the cleaner, scalable alternative: Small Modular Reactor (SMR) technology housed in sleek, hurricane- and earthquake-resilient ellipsoid domes. Each BWRX-300 module produces up to 300 MW of carbon-zero power in a fully self-contained unit — reactor, steam turbine, and generator — segregated by up to 3 feet of reinforced concrete for unmatched safety.

Drawing on “Dell computer”-style modularity and Elon Musk-inspired efficiency, our domes enable rapid, incremental scaling: start with 300 MW and seamlessly add modules to reach 600 MW, 900 MW, or more. Perfectly suited for Texas’s vast landscapes and business-friendly environment, CES facilities align with the Trump administration’s pro-nuclear agenda and the Nuclear Energy Innovation and Modernization Act, providing dispatchable, always-on clean power that strengthens energy independence without burdening the aging grid or increasing emissions.

For data center developers like Nexus, Google, Anthropic, and others racing to build in Texas, CES offers a resilient, near-site or on-site nuclear solution that avoids volatile gas pricing, reduces transmission strain, and supports long-term climate goals. Our designs minimize land use and environmental footprint while delivering the firm power AI factories demand — day and night, through peak loads and extreme weather.

Cleaner Energy Solutions stands ready to partner with tech leaders, utilities, and infrastructure developers to power Texas’s rise as the world’s AI infrastructure capital with advanced, carbon-zero nuclear energy. Let’s build the future together — one resilient, high-output SMR dome at a time. Contact CES today to explore how our modular nuclear technology can secure reliable, sustainable power for your next data center project.