Official City Release
Council considers incentives for Stellar Energy Americas
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Open source →A tax abatement for a potential manufacturing facility from Stellar Energy Americas was presented to City Council at their work session on Tuesday, Jan. 27.
Stellar Energy Americas provides innovative solutions to accelerate energy transition for the future, offering their customers tailored solutions that provide more dispatchable power, increased liquified natural gas (LNG) production and greater data center efficiency at lower costs with lower emissions.
Contingent upon the company’s final site selection, the proposed manufacturing facility would produce modular cooling equipment for the domestic hyperscale data center market — building foundational equipment to support the rapidly growing industry. The facility would be located at 15060 Blue Mound Road, at Westport 24 in AllianceTexas.
Stellar Energy Americas would commit to a minimum capital investment of $79.5 million by Dec. 31, 2026, including $34 million in real property construction costs and $45.5 million in business personal property costs (BPP).
The company would also commit to hiring a minimum of 1,420 full-time jobs by Dec. 31, 2027, after the facility’s first year of operation. The expected minimum average annual salary for these jobs would be $78,000, and 30% of those jobs would be prioritized for Fort Worth residents. Additionally, 30% of real property improvements — both hard and soft costs — would be committed to small business firms (SBF).
In exchange, the City of Fort Worth would enter into a 10-year tax abatement for up to 60% of both real property and BPP taxes. The abatement would be subject to company performance on the commitments listed above. Failure to meet the project’s minimum capital investment would result in a default, and failure to meet the job commitment or the minimum annual average salary requirements would result in a forfeiture of the abatement.
The proposed tax abatement will go before City Council for final consideration on Tuesday, Feb. 10.
Photo: Stellar Energy builds foundational equipment to support the rapidly growing data center industry.
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