TerraVolt Takes Options on 1,077 Idaho Acres for 240 MW Gas Campus

TerraVolt Holdings (OTCQB: GEDC) said on Oct. 30, 2026 that it has executed option agreements to buy 1,077 acres in Cassia County, Idaho, outside the town of Declo, for a behind-the-meter data center campus designed around an initial 240 megawatts (MW) of on-site power generation.

The company described the plan in a press release filed with the U.S. Securities and Exchange Commission. The property is zoned Multiple-Use and sits along State Highway 81 near Interstate 84, long-haul fiber routes and Williams' Northwest Pipeline. TerraVolt said the planned capacity is supported by a previously announced firm natural gas supply agreement of 55,000 million British thermal units (MMBtu) per day.

Islanded power, sold as a site

TerraVolt's pitch is time to power. The company said an on-site, islanded generation plant is designed to avoid utility interconnection queue delays and to shield local ratepayers from grid strain or rate increases. Those are the developer's claims, not findings by a utility or regulator.

The business model is to sell land, not to run data centers. After entitlements and civil work, TerraVolt said it plans to sell shovel-ready building sites to data center operators and supply power, fiber, water and wastewater service to them under a long-term infrastructure services agreement. It named hyperscalers, neoclouds and colocation developers as target buyers, but no tenant is named.

TerraVolt also said it intends to require low-water cooling, such as closed-loop systems, for any data center built on the site, and to write that into each site sale.

What an option does and does not secure

An option is a right to buy, not a purchase. In the release, CEO Joel Stone said the options secure site control so the team can advance land-use plans, environmental due diligence, power plant and electrical designs, and county and state permitting. Each of those steps is still ahead.

For power buyers, the figure to read carefully is 240 MW of generation. The release does not say how much of that is firm capacity after outages and maintenance, which generation technology will be used, or what IT load it could serve. It lists equipment lead times for turbines, reciprocating engines, switchgear and transformers among the risks that could change the outcome. Voltgrid has reported on how long those queues have become, including Mitsubishi Power's gas turbine delivery slots stretching to around 2031.

Context and what is not confirmed yet

Idaho is already a place where local data center plans meet resistance, as Voltgrid reported from Mountain Home. The TerraVolt release does not mention any Cassia County approval, and the company's own forward-looking statements list zoning, environmental and development permits among the items still to be secured.

Not disclosed in the release: the option price and term, the closing date, financing for the land purchase and the plant, the start of construction, a target date for first power, and any offtake agreement with a data center operator. Until a buyer signs and permits are granted, the 240 MW is a plan on land TerraVolt has the right, but not yet the obligation, to acquire.