The $10 billion Compass Datacenters campus coming to Meridian will be powered by Mississippi Power Company.
Mississippi’s Public Service Commission approved a special contract between the two entities. The joint agreement between Compass and Mississippi Power is expected to boost the state’s energy infrastructure while simultaneously spurring economic development.
The Dallas-based developer is set to build an eight-building campus in Lauderdale County, a total investment value of $10 billion. The facilities are expected to be constructed over eight years and create thousands of jobs in the process.
RELATED: Officials break ground on $10 billion Compass Datacenters campus in Meridian
“The partnership aligns with the PSC’s commitment to fostering innovation and investment in Mississippi’s energy landscape,” Central District Commissioner De’Keither Stamps said. “Today’s approval is a testament to our dedication to attracting new businesses to Mississippi and ensuring that our energy providers can meet the needs of modern industries.”
The contract outlines specific terms that will allow Mississippi Power to provide reliable energy solutions tailored to the unique requirements of Compass while keeping the local power grid secure.
“Their investment in Mississippi reflects confidence in the state’s potential for growth in the technology sector,” Stamps added. “The PSC will continue to monitor the progress of the contract to ensure that it meets the expectations of both Mississippi Power Company and Compass Datacenters, as well as the residents of Mississippi.”
Mississippi Power is an investor-owned electric utility company and a wholly owned subsidiary of Atlanta-based Southern Company.
