Independence, Missouri Approves Chapter 100 Deal for Nebius’s 1.2‑GW AI Factory

Overview

• Independence City Council approved a Chapter 100 industrial development plan authorizing Nebius to build its largest U.S. AI facility with capacity up to 1.2 gigawatts.
• The campus is planned as a multi‑building complex on roughly 400 acres with closed‑loop cooling, integrated noise reduction, and a connection to Independence Power & Light that the company says will not raise residential rates.
• Construction is expected to create about 1,200 jobs, with approximately 130 permanent high‑tech positions once the site is fully operational.
• The 20‑year agreement includes projected Payments in Lieu of Taxes exceeding $650 million to the city, school districts, and other taxing jurisdictions, alongside commitments to STEM and AI education, workforce training, first‑responder support, and a Community Engagement Panel.
• The project anchors Nebius’s broader 2026 buildout targeting 16 data center locations worldwide, and NBIS shares moved higher in pre‑market trading following the approval.