News about Black Hills

Black Hills (BKH), a regulated utility with 56 years of consecutive dividend increases, has signed agreements with Google to provide energy infrastructure for its hyperscale data center campus in Cheyenne, Wyoming, running through 2048. The deal includes 2.7 GW of power: 590 MW grid-connected and 2.1 GW from a privately managed off-grid microgrid. Black Hills will invest $1.8 billion to build 564 MW of natural gas generation between 2027 and 2029, while Google provided $399 million in refundable advances. At peak load in 2030, the company projects $150 million in annual net income, compared with $292 million in 2025 net income. Wyoming has become a data center hub, with Wyoming Electric's peak load reaching a record 439 MW, and Microsoft and Meta are also building there.