ES1 Cameron East, LLC is developing a fully integrated, behind-the-meter digital-infrastructure campus on approximately 1,650 acres in Cameron County, Pennsylvania: three Utica Shale natural gas wells fueling a 100 MW reciprocating-engine power plant, serving a prefabricated powered-shell data center — with approximately 95% of CO2 emissions captured and permanently sequestered on site.
Because the Company will own the land, the minerals, the wells, the power plant, the building, and the pore space, it is designed to capture margin at every level of the stack — with no third-party fuel supply, no utility interconnection, and no grid queue.
The result: firm, 24/7, ~98% carbon-neutral power delivered to the data center tenant at $0.075/kWh — well below prevailing PJM-delivered alternatives that frequently exceed $0.11–$0.13/kWh.
Request Private Placement Memorandum →One owner captures the producer margin, the generator margin, the utility margin, the landlord margin, and the federal sequestration credit — five contracted or statutory revenue streams from a single asset.
Every element of the campus is sited on a single property adjacent to Sinnemahoning Creek and State Route 120, with interstate gas pipelines, 250–500 kV transmission corridors, regional fiber, rail, and road access in the immediate area.
Drilled, completed, and equipped at a budgeted $10M per well, producing from owned minerals — approximately 18,200 MCFD (~6.3 BCF/yr) of dedicated fuel with no third-party supply risk.
Lean-burn, natural gas-fired reciprocating engine generator sets (Wärtsilä, INNIO/Jenbacher, Caterpillar or equivalent) with SCR emissions controls — 95% utilization, ~832,200 MWh delivered annually.
Post-combustion capture treating engine exhaust; ~328,000 metric tons of CO₂ per year compressed and injected into two on-site UIC Class VI wells in owned pore space.
An approximately 100 MW modular, powered-shell facility built at $2.5M per MW — leased to the tenant on a 20-year triple-net basis at approximately $27.5M per year.
Drawn from Sinnemahoning Creek (recent flows ~2,000 cfs at the adjacent USGS gage) under SRBC permits, with intake, treatment, storage, and thermal discharge infrastructure.
Diverse fiber-optic routes and communications infrastructure connecting the campus to regional long-haul networks, provided to the tenant as a contracted service.
Aggregate year-one revenue is projected at approximately $121 million against approximately $29 million of cash operating expenses — producing stabilized EBITDA of roughly $101 million per year over the first twelve years.
| Revenue Stream | Year 1 | Basis |
|---|---|---|
| Electric power sales | $62.4M | 832,200 MWh @ $0.075/kWh, +2.5%/yr |
| Building & land lease (NNN) | $27.5M | ~$275/kW-yr, 20-yr term, +2.5%/yr |
| Section 45Q tax credits | $27.9M | ~328,000 t/yr @ $85/t, 12 years |
| Water services | $2.0M | Cooling & utility water to tenant |
| Communications services | $1.5M | Redundant fiber, cross-connects |
| Total Year-1 Revenue | $121.3M |
Year 1 reflects an 85% commissioning ramp. All figures are projections; escalation of 2.5%/yr applied to revenue and operating expenses.
| Use of Proceeds | Amount |
|---|---|
| Land, minerals & pore space acquisition | $150,000,000 |
| Gas development — three Utica wells | $30,000,000 |
| Power plant — 100 MW reciprocating engines | $150,000,000 |
| Carbon capture & sequestration | $165,000,000 |
| Data center facility (powered shell) | $250,000,000 |
| Site utilities & infrastructure | $53,000,000 |
| Soft costs, contingency & reserves | $84,000,000 |
| Total Project Cost / Maximum Offering | $882,000,000 |
The Maximum Offering fully funds the Project with no construction debt.
With no utility interconnection required and permitting confined to well-understood Pennsylvania processes, the Project bypasses the multi-year PJM interconnection backlog entirely.
AI and cloud workloads have created unprecedented demand for firm power, and PJM has publicly warned of resource adequacy shortfalls — while Pennsylvania actively courts data center development, including SB 831 establishing a CCUS framework.
Firm 24/7 power at $0.075/kWh versus PJM-delivered alternatives frequently above $0.11–$0.13/kWh — with a ~98% carbon-neutral supply supporting tenant ESG commitments.
$882,000,000 of Class A Membership Units in ES1 Cameron East, LLC, a Delaware limited liability company, offered pursuant to Rule 506(c) of Regulation D. Accredited investors only.
Targets are projections only and are not guaranteed. Complete terms, the distribution waterfall, and all conditions are set forth exclusively in the Private Placement Memorandum.
Closing, land acquisition, permit applications (well permits, NPDES, Title V, SRBC, UIC Class VI), FEED engineering, and engine reservations.
Well drilling and completion, site development, prefabricated shell fabrication, and power plant construction across the campus.
Plant commissioning, capture system startup, tenant fit-out coordination, and ramp to stabilized operations.
Complete offering terms, financial projections, use of proceeds, permitting analysis, and risk factors are set forth in the Confidential Private Placement Memorandum, available to verified accredited investors upon request.
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