318 Gordon St
Potential Data Center in north Georgia | ~ 300 mags
Marketing description
This facility is situated in Fairmount, Georgia, approximately 59 miles from Atlanta and 60 miles from Chattanooga, Tennessee. It is equipped with a functional spur line connected to CSX. The primary building, characterized by its 16 clear ceiling heights, spans approximately 170,000 square feet and houses approximately 3,100 office spaces. The secondary building, measuring 67,000 square feet, also features 50 clear ceiling heights and is connected to the primary building via a conveyor system. The remaining 45 acres, estimated at 25 acres, are dedicated to a solar panel farm in partnership with Duke Power. The potential for data center operations is virtually limitless.
Investment highlights
Cogeneration System Project Proposal
Project Overview
Combined heat and power (CHP) system with integrated cooling to serve data center operations, providing both electrical power generation and chilled water for cooling requirements.
System Inputs
Natural Gas Requirements
• Consumption Rate: 3,000 MMBtu/hr
• Annual Consumption: 26 million MMBtu/year
• Unit Cost: $4.00/MMBtu
• Annual Fuel Cost: $105 million
Water Requirements
• Peak Demand: 5,000 GPM (summer afternoons)
• Operating Profile: Variable demand - lower at night, minimal in winter
• Annual Consumption: 1,000 million gallons/year
• Unit Cost: $10.00/thousand gallons
• Annual Water Cost: $10 million
System Outputs
Power Generation
• Generated Power: 300 MW
• Chilled Water Capacity: 12,000 Tons of Refrigeration
• Equivalent Electric Chiller Offset: 120 MW
• Net Equivalent Power Output: 420 MW
• Annual Energy Production: 3,679,200 MWh/year
Financial Analysis
Capital Expenditure (CapEx)
• Rough Order of Magnitude: $500 - $700 million
Operating Expenditure (OpEx)
• Non-fuel OpEx: $15/MWh × 420 MW = $55 million/year
• Total Non-CapEx Operating Costs: $170 million/year
• Fuel: $105 million
• Water: $10 million
• Non-fuel OpEx: $55 million
Economic Metrics
• Non-CapEx Breakeven: $46/MWh (4.6¢/kWh)
• CapEx Recovery (7-year payback): $100 million/year = $27/MWh (2.7¢/kWh)
• Fully-Loaded Breakeven: $73/MWh (7.3¢/kWh)
Next Steps
Commercial Development
Letter of Commitment required from data center client including:
• Minimum 10-year energy purchase agreement
• Take-or-pay provisions
• Per-term termination clauses
Technical Development
Detailed Conceptual Design phase to address:
• CHP-HVAC system configuration and layout
• Site footprint requirements
• Equipment vendor selection
• Project schedule development
• Permitting pathway analysis
• Non-recourse project financing structure
• Grid interconnection requirements
• Natural gas supply agreement
• Water supply agreement (reclaimed water from municipal source)
Investment Requirements
The conceptual design phase requires significant time and financial investment. Discussion needed regarding:
• Funding responsibility and allocation
• Cost-sharing arrangements
• Risk mitigation strategies
Key Assumptions
• 7-year capital expenditure payback period
• Continuous operation at rated capacity
• Current fuel and water pricing maintained
• Successful completion of all permitting and agreements
Listing Contacts
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