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Presenter says small AI data center has expressed interest in Lennox, citing 10–20 MW power need and large capex
Summary
Drew said a smaller AI data center — not a hyperscaler but a 10–20 MW facility focused on closed-loop processing with low water use — has shown interest. He estimated upfront capital could reach about $200 million and that equipment-replacement cycles drive recurring large CapEx every 7–10 years.
Drew described an AI data-center prospect as "a smaller 10 to 20 megawatt" facility that would primarily need power rather than large water supplies or generate substantial emissions. "They don't have a huge water need... they don't have the emissions," he said, describing the site's utility profile.
On costs, Drew said some prospects were looking "anywhere from higher to $200,000,000 for capital expenditure upfront," and he explained the model includes recurring replacement cycles: roughly a 3x CapEx refresh every 7–10 years that can drive hundreds of millions over a longer horizon. He stressed that community preference and utility capacity will be key to whether such a facility is pursued.
