Fort Worth grants tax incentives to Spanish developer ACS Group, planning a $2.1B data center near Saginaw. Expected to generate $58M in taxes with 37 jobs averaging $150,000/year. Completion by 2034, to be near Chisholm Grid battery farm. Texas sees increased electricity demand from data centers, prompting investment in nuclear reactor research.
The Fort Worth City Council agreed on April 8, 2025, to provide tax incentives for a Spanish developer — whose subsidiary is Turner Construction — that plans to construct a five-building data center near Saginaw, Texas, according to wfaa.com.
The deal will reduce Madrid, Spain's ACS Group's tax liability for 10 years. In return, the company promised to invest $2.1 billion in the property while employing 37.
The average salary of those jobs would be approximately $150,000, according to star-telegram.com.
City officials expect to recoup the tax break over time, anticipating the data center will generate approximately $58 million in new tax revenue, allowing it to eventually recoup the tax break, wfaa.com reported.
Partial operations are slated to begin in 2031, with project completion set for completion in 2034.
ACS Group didn't identify a tenant, but often works with high-profile technology companies that include Amazon, Meta, Microsoft and Google, according to wfaa.com.
ASC Group has been involved in several high-profile properties, including the world's tallest building, the Burj Khalifa, and Los Angeles' SoFi Stadium, according to star-telegram.com. And Turner has worked on the expansion of Texas Christian University's Amon G. Carter Stadium and several facilities at the University of Texas at Austin.
The new facility will span across more than 100 acres of northern Fort Worth near the intersection of North Saginaw Road and Hicks Field Road. ASC Group said it chose the site partially because it's near an electricity substation and the Chisholm Grid battery farm, wfaa.com reported.
While the neighborhood is zoned for industrial use, nearby workers are building a housing development. The ACS Group told city council that it would take measure to reduce the noise coming from the data center operations.
Matthew Carter, senior vice president for digital infrastructure of ACS Infrastructure, said the company will work to maintain a physical gap between residential areas and the facility, according to star-telegram.com.
"Data centers do have some noise, there's no doubt about that. We are very cognizant of that; our design has much less noise than most," Carter said.
Texas has lured data center operators from around the world, wfaa.com reported, noting that while the tax revenue benefits can be lucrative, the facilities require large amounts of electricity.
Texas has the third-most data centers of any state, according to star-telegram.com. The Metroplex already is home to approximately 140 data centers, including Meta's $1 billion campus.
The Electric Reliability Council of Texas recently published its long-term electricity demand forecast for 2026-2031. It expects Texans to use 58 percent more electricity in 2030 than in 2025, with warehouse consumers accounting for much of that growth.
"Adding these new heavy loads is going to strain the grid," University of Houston Energy Fellow Ed Hirs told wfaa.com.
In response, state lawmakers are considering major investments in nuclear reactor research and development. A Senate committee heard a bill on April 8 that would create a multi-billion-dollar grant fund.
Power companies could tap the fund to cover some of their reactor construction costs, while universities would be rewarded for nuclear energy research.
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