Lancium, a leading energy technology and infrastructure company, announced that it has secured a $600 million debt financing package to advance the company’s clean campus development strategy. The first project funded through this financing will be the 1.2-gigawatt (GW) Lancium Clean Campus in Abilene, Texas—marking the inaugural site of the Stargate initiative, a multi-stakeholder program aimed at building a U.S. network of hyperscale AI data centers. Major technology and investment partners, including SoftBank, OpenAI, Oracle, and MGX, back the initiative.
Lancium’s Clean Campus in Abilene will host some of the world’s most advanced AI and cloud computing workloads. Designed with sustainability at its core, the site will feature purpose-built substations and infrastructure to support large-scale digital operations with clean energy integration. Proceeds from the financing will fund the construction and operation of the Abilene facility while providing flexibility to advance other projects in Lancium’s growing development pipeline.
The deal represents a pivotal milestone for Lancium as it scales its clean digital infrastructure platform across Texas and beyond. And the company’s Clean Campus model aligns with the growing demand for sustainable, high-capacity computing environments capable of powering the AI-driven economy.
Support: The financing was led and structured by Santander Corporate & Investment Banking (Santander CIB), which served as debt financial advisor, sole structuring bank, sole underwriter, left lead, and administrative agent. Cantor Fitzgerald acted as the sole strategic advisor to Lancium on the transaction.
KEY QUOTES:
“This financing marks a pivotal milestone for Lancium. Not only does it validate the strength of our platform and assets, but it also creates a scalable foundation to expand digital infrastructure in Texas and beyond. Our Clean Campus in Abilene represents the future of compute, designed for AI and hyperscale, and built to benefit both our partners and the communities we serve. We are proud to partner with Santander and Cantor Fitzgerald to structure a transaction that supports our mission to provide critical infrastructure to power the AI era.”
— Michael McNamara, CEO and Co-Founder, Lancium
“We are proud to support Lancium on this landmark financing. As AI reshapes the global economy, the convergence of massive compute demand and sustainable power has become unavoidable. Lancium is at the forefront of this intersection, and this novel transaction highlights Santander’s ability to deliver scalable, highly structured financing in the digital space.”
— Nuno Andrade, Global Head of Structured Finance Digital Infrastructure and REGAL and US Head of Structured Finance, Santander Corporate & Investment Banking
“Lancium is pioneering the clean energy and digital infrastructure transformation. We are pleased to serve as Strategic Advisor on a transaction that positions Lancium at the forefront of the Stargate initiative, while laying the foundation for sustainable, long-term growth.”
— Hari Chandra, Global Head of Power, Energy and Infrastructure, Cantor Fitzgerald
