SpaceX and Tesla plan their own natural gas power plants for massive $16.8 billion Texas chip factory
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The takeaway: SpaceX plans to build natural gas power plants and large battery systems for the massive chip factory it is developing with Tesla in Texas. The companies are moving ahead with the first phase of the Terafab project, which is expected to cost $16.8 billion, and have confirmed that the factory will be built in Grimes County. The initial development is expected to create 3,000 jobs and will receive a $30 million Texas Enterprise Fund grant.
Riley Trettel, who oversees energy and data center development for SpaceX, said the companies will handle much of the project's power needs themselves.
"We're bringing our own power," Trettel said during a public meeting in Grimes County. "We're going to be building natural gas fired power plants, and we're going to be building very large battery...
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