Overview
- Funds managed by Blue Owl will own 80% of the Hyperion joint venture, with Meta retaining about 20% and providing construction and property management.
- The venture targets roughly $27 billion in development costs, with Blue Owl contributing about $7 billion in cash and Meta receiving a one-time distribution of approximately $3 billion.
- Hyperion is planned to deliver more than 2 gigawatts of compute capacity, with construction expected to be completed by 2030 on a site spanning roughly 1,700 football fields.
- Meta has signed operating leases with a four-year initial term and options to extend, and expects the project to support over 500 operational jobs once online.
- Local utility Entergy estimates the campus could draw about twice the electricity used by New Orleans on a peak day, highlighting significant grid demand.