Lancium Technologies Corporation, in partnership with AngelouEconomics, embarked on a pioneering project to establish a network of data centers powered by renewable energy in West Texas. This endeavor involved meticulous planning, including the identification of suitable communities, the issuance of Requests for Proposals (RFPs), and the negotiation of incentive packages with local governments. Through extensive research, optimal locations were determined based on criteria such as power infrastructure, availability of renewable energy sources, and robust fiber networks.
In 2021, AngelouEconomics collaborated closely with Lancium to finalize site selections for two data centers in West Texas, boasting a combined capital expenditure exceeding $3.7 billion. The chosen sites, located in Abilene and Fort Stockton, underwent rigorous evaluation, and negotiations with local leadership resulted in the agreement of tax abatements and PILOT programs. These incentives amounted to substantial savings, exceeding $80 million in taxes over the initial twenty years of operations. The Lancium-AngelouEconomics partnership not only aimed to revolutionize the data center industry in West Texas but also to stimulate economic growth and promote sustainable development in the region.
Case Studies in Site Selection
Case Study: Citgo Petroleum
AngelouEconomics was engaged by CITGO to assist the CITGO Petroleum project team in the evaluation of Texas for its corporate headquarters and new refinery investments. The firm performed an economic impact study of the headquarters and manufacturing projects, and assisted CITGO with its incentives negotiations.
Case Study: Conoco Phillips
AngelouEconomics was engaged by Conoco Philips to conduct a site location analysis for the development of a global technology and corporate learning center. The center will serve as the company’s hub for research and development of renewable and alternative energy and high-tech carbon fuels recovery. The project selected a location in the Denver, Colorado region.
AngelouEconomics helped me define New Mexico’s industry clusters but then went many steps further with a marketing plan, contact lists and assistance is setting up strategic meetings. All in all, an impressive effort. AngelouEconomics is a well-rounded firm that excels in strategic development ranging from marketing plans and cluster analyses to economic impact reports for recruitment.
Rick Homans
President/CEO Tampa Hillsborough Economic Development Corporation
Former Cabinet Secretary of Economic Development, State of New Mexico
