Oct. 3 at 5:31 PM
Entergy shares climbed after Google revealed a
$4 billion plan to expand in Arkansas, anchored by the construction of its first data center in the state. The facility, to be built on more than 1,000 acres in West Memphis, will be powered by Entergy Arkansas, a subsidiary of Entergy. Google, through parent Alphabet, will cover the energy costs as part of its push to strengthen cloud and artificial-intelligence infrastructure. State leaders called the project one of the largest investments ever made in Arkansas.
In addition, Google pledged
$25 million for a fund aimed at energy affordability and workforce development, supporting local home improvements and training programs. Entergy’s stock rose more than 3% on the news, reaching close to record highs, and is now up 27% this year.
The Arkansas deal follows Entergy’s earlier work with Meta in Louisiana, where the utility began building grid infrastructure to power Meta’s latest data center.
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