Data center profile · Tahoe Reno Industrial Center, Storey County, Nevada (near Reno and Sparks)

Vantage NV1 (Reno)

Vantage's 224 MW IT-load, four-building Tahoe Reno Industrial Center campus: first two buildings (128 MW) leased to an undisclosed tenant; state power contract approval pending.

Under construction. Ground broke in May 2024; the first building is built and the second topped out in Jan. 2026, but none is reported open, past Vantage's Q2 2026 target. NV Energy's power contract was filed June 3, 2026, not approved.
224 MW
critical IT capacity at full build-out, Vantage says
Phase I (two buildings) is 128 MW; buildings 3 and 4 are not started
$3B
investment, Vantage says
state abatement filings show $730M and $254M of investment for the first two buildings
2 of 4
buildings built or topped out
first built, second topped out Jan. 2026; neither reported open
$30.8M
state tax abatements, estimated
$11.5M for building one and $19.3M for building two
OperatorVantage Data Centers (developer, owner and operator; owned by DigitalBridge, press)
CustomerUndisclosed tenant, which has leased the first two buildings (company says)
Planned IT capacity224 MW at full build-out (company IT figure)
First building in serviceOur estimate: 2029 or later (no dated power path yet); company says 2026.
Next deadlineDec. 2027: Second building (NV12) begins phased turnover to the tenant, with final completion in early 2029 (contractor schedule)
Power

Power and the grid

None energized or contracted yet

Private on-site substationPlanned
500 MW
company-stated nameplate of equipment, not contracted load or IT capacity Company · Oct. 2026
Proposed
Other sources, size not disclosed
Backup generators (emergency use, not a power supply)

Getting on the grid

Who supplies what, what it costs, and what is still not public.

  1. March 21, 2024
    Utility planning noted
    At the state tax-abatement hearing, the company said it was working with NV Energy on its power needs and ramp schedule. see Permits
  2. Aug. 6, 2025
    Power ramp through 2029
    A Vantage executive says the NV Energy power ramp runs through 2029 and that buildings 3 and 4 depend on power delivery. News report · Oct. 2026
  3. June 3, 2026
    Service agreement filed for approval
    NV Energy asks the Public Utilities Commission of Nevada to approve a large-load electric service agreement with Vantage; not approved as of Oct. 18, 2026. see Permits
  4. Not set
    Contract terms: not public
    The contracted maximum demand, term, ramp and pricing are not in public sources. Utility regulator · Oct. 2026
Permits

Permits checklist

1 pending · 3 granted · 1 checked, nothing on file

Approvals a campus like this normally needs (including an air permit for backup generators), and what we found.

Risks

What could slow it down

Money

Money on record

$3B
total investment
Vantage's figure for the full campus Company · July 2025
$730M
building one investment
as reported in the state abatement record Local government · March 2024
$254M
building two investment
as reported in the state abatement record Local government · Nov. 2024
$30.8M
estimated tax abatements, both buildings
sales and personal property tax; no clawback clause found in the records Local government · Nov. 2024
$2.1B
construction loan, recorded Sept. 2026
deed of trust by Vantage Data Centers NV11, LLC on the campus parcels; lender not named in the county record County deed records · Sept. 2026
Land assembly

2 recorded land documents for the campus company in county records (Jan. 2024 to Sept. 2026); 1 lists a price. Parcel counts come from the deed; acreage is not recorded.

Timeline

What happened, and what is due

SitePaper trailConstructionPowerPermitsMoneyLegalUpcoming
  1. 2023
    Site Vantage buys 137 acres at the Tahoe Reno Industrial Center News report · Aug. 2025
  2. March 21, 2024
    Money State board unanimously approves tax abatements for building one Local government · March 2024
  3. May 2024
    Construction Ground broken on the campus Company · Jan. 2026
  4. Nov. 14, 2024
    Money State approves abatements for building two Local government · Nov. 2024
  5. July 15, 2025
    Site Vantage announces the 224 MW, $3B campus; first two buildings said to be fully leased, first opening targeted for Q2 2026 Company · July 2025
  6. Aug. 20, 2025
    Permits State environmental regulators propose to issue the backup-generator air permit State agency · Aug. 2025
  7. Jan. 2026
    Construction Second building (NV12) tops out; the first is already built Company · Oct. 2026
  8. June 3, 2026
    Power NV Energy files its large-load service agreement with Vantage for state approval Utility regulator · Oct. 2026
  9. Sept. 14, 2026
    Money A $2.1B deed of trust (construction loan) is recorded against the NV11 parcels County deed records · Sept. 2026
  10. Sept. 18, 2026
    Money Nevada executive order tightens future data center abatements; this campus's are untouched State agency · Oct. 2026
  11. Dec. 2027
    Construction Second building begins phased turnover (contractor schedule) Company · Oct. 2026
The buildings

Specs

137 acres
bought in 2023 at Electric Avenue and USA Parkway
Company · July 2025
4 buildings
about 1.1 million sq ft in total; Phase I is two buildings
Company · Oct. 2026
88 generators
diesel emergency units permitted for the whole campus
State agency · Aug. 2025
1,200+ jobs
construction jobs created so far, per the contractor
Company · Jan. 2026
Who is involved

Owners, partners and builders

Owners and developers
  • Vantage Data Centers: developer, owner and operator
  • DigitalBridge: parent owner of Vantage (press)
  • Vantage Data Centers NV11 and NV12 LLCs: project companies
Customers
  • Undisclosed tenant: leases buildings one and two
Builders
  • McCarthy Building Companies: general contractor, buildings one and two
  • Corgan: campus architect
Power and regulators
  • NV Energy (Sierra Pacific Power): serving utility
  • Public Utilities Commission of Nevada: contract approval
  • Nevada Division of Environmental Protection: air permit
  • Governor's Office of Economic Development: tax abatements
Still unknown

Open questions

Where this comes from

161 records from 22 documents

Drawn from news reports, state agency records, company statements, local government records, utility regulator dockets, securities filings and public and commercial datasets, each kept with its date and source. The bar shows documents by type.

News report 6State agency 5Company 4Local government 3Utility regulator 2SEC filing 2Dataset 1
Evidence

Every quote behind this page

Grade key: A = the primary record itself (permit, filing, exhibit) · B = a dated official statement · C = news reporting. Map distances are our own measurements on OpenStreetMap and carry no grade. Allegations in lawsuits are marked as such in the quotes.

Power (35)
  • County code: Storey County, NV (32029)
    “Vantage Data Centers NV11, LLC (VDC) submitted an application for a new Class II Air Quality Operating Permit, AP7374-4749, FIN A2540, for the Vantage NV1 facility in Storey County, Nevada”
    State agency · Aug. 2025 · grade A
  • On-site generation: not stated
    “The data center will be equipped with eighty-eight identical Tier 2 diesel emergency generators, two identical Tier 3 diesel emergency fire pump generators, and one Tier 3 diesel emergency generator”
    State agency · Aug. 2025 · grade A
  • Backup generators: 88 units
    “A. System 1 – 88 Tier 2 Diesel-Fired Back-up Generators”
    State agency · Aug. 2025 · grade A
  • Backup generators rating: 4,680 hp per unit (engine rating, MTU 20V4000 DS3000); no kW rating stated in the permit
    “Diesel-Fired Back-up Generator (4,680 hp, mfg: MTU Model: 20V4000 DS3000”
    State agency · Aug. 2025 · grade A
  • County code: 32029
    “Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced its entry into the Nevada market with a 224MW campus (NV1) in Storey County just outside of Reno”
    Company · July 2025 · grade A
  • IT capacity: 224 MW
    “our Nevada data center campus will be home to four multi-story facilities offering a combined critical IT load of 224MW”
    Company · July 2025 · grade A
  • Utility: NV Energy
    “Power provided by NV Energy, the leading energy provider in the region; Private 500MW on-site substation providing reliable, dedicated power”
    Company · July 2025 · grade A
  • Private 500 MW on-site substation planned per Vantage campus page
    “Private 500MW on-site substation providing reliable, dedicated power”
    Company · July 2025 · grade A
  • Series 2025-1, Jul 2025; Series 2025-2 and 2025-3, Oct 2025), plus Series 2024-1 and 2025-1 from the separate Retained Vantage Data Centers Issuer, LLC platform (EDGAR ABS-15G); Collateral is Vantage's stabilized operati
    “in connection with the proposed offering of Vantage Data Centers Issuer, LLC, Secured Data Center Revenue Term Notes, Series 2024-1”
    SEC filing · Sept. 2024 · grade A
  • Collateral is the sponsor's stabilized operating portfolio under a master trust; per-property schedules are not public, and no collateral property is address/APN-matched to this campus; Portfolio context only; no campus
    “We have performed the procedures described below, related to certain information with respect to a portfolio of tenant leases in connection with the proposed offering of Retained Vantage Data Centers Issuer, LLC, Secured Data Center Revenue Term Notes, Series 2023-1.”
    SEC filing · Sept. 2023 · grade A
  • Buildings: 4 buildings
    “our Nevada data center campus will be home to four multi-story facilities offering a combined critical IT load of 224MW”
    Company · Oct. 2026 · grade B
  • Utility service: not stated
    “Application of Sierra Pacific Power Company d/b/a NV Energy for approval of a Large Load Electric Service Agreement with Vantage Data Centers NV11, LLC”
    Utility regulator · Oct. 2026 · grade B
  • Stated campus size: not stated
    “224MW of critical IT load”
    Company · Oct. 2026 · grade B
  • Utility: NV Energy (Sierra Pacific Power Company)
    “Power provided by NV Energy, the leading energy provider in the region”
    Company · Oct. 2026 · grade B
  • Grid operator: none (WECC; Sierra Pacific Power / NV Energy balancing area; no ISO market in Nevada)
    “Application of Sierra Pacific Power Company d/b/a NV Energy for approval of a Large Load Electric Service Agreement with Vantage Data Centers NV11, LLC”
    Utility regulator · Oct. 2026 · grade B
  • Substation: Private on-site substation, 500 MW nameplate (company-stated), on the campus in Storey County
    “Private 500MW on-site substation providing reliable, dedicated power”
    Company · Oct. 2026 · grade B
  • Power plan: grid - NV Energy service via private on-site substation; diesel fleet is emergency backup only
    “Private 500MW on-site substation providing reliable, dedicated power”
    Company · Oct. 2026 · grade B
  • Electric service agreement signed: not stated
    “Application of Sierra Pacific Power Company d/b/a NV Energy for approval of a Large Load Electric Service Agreement with Vantage Data Centers NV11, LLC”
    Utility regulator · Oct. 2026 · grade B
  • Cooling: closed-loop chilled water; liquid-to-liquid (CDU) option up to 100% of IT capacity; air-cooled support; WUE near zero
    “Option for liquid-to-liquid system with CDU-based equipment capable of handling 100% of IT loads”
    Company · Oct. 2026 · grade B
  • Large Load Electric Service Agreement approval: application filed
    “Application of Sierra Pacific Power Company d/b/a NV Energy for approval of a Large Load Electric Service Agreement with Vantage Data Centers NV11, LLC”
    Utility regulator · Oct. 2026 · grade B
  • Vantage publicly announces NV1: 224 MW critical IT, four buildings, nearly $3B investment, first two buildings fully leased, first building to open Q2 2026.
    “announced its entry into the Nevada market with a 224MW campus (NV1) in Storey County just outside of Reno”
    Company · Oct. 2026 · grade B
  • NV12 (second building, 64 MW, 260,000 sq ft) tops out; NV11 already built; Phase I totals 128 MW of critical IT capacity (McCarthy).
    “recently completed the topping out milestone for Vantage Data Centers' second of four planned data centers on its NV1 Campus”
    Company · Oct. 2026 · grade B
  • Vantage states a private 500 MW on-site substation is planned for NV1
    “Private 500MW on-site substation providing reliable, dedicated power”
    Company · Oct. 2026 · grade B
  • PR RNO 218 MW, Docket 26-04027; Fleet entities) serve OTHER Tahoe Reno Industrial Center campuses (South Valley / Peru Ridge), not Vantage NV1; Nothing of theirs is booked in this folder.
    “Application of SV RNO Property Owner 1 LLC, under the provisions of the Utility Environmental Protection Act, for a permit to construct the South Valley Temporary Power Generation Facility consisting of a temporary 144 MW natural gas-fueled electric generating facility”
    Utility regulator · Oct. 2026 · grade B
  • Phases: Phase I: NV11 + NV12 (128 MW critical IT); Phase II: NV13 + NV14 (balance of campus, not started)
    “Phase I of the campus provides hyperscalers and large cloud providers with 128 MW of combined critical IT capacity across its NV11 and NV12 facilities”
    Company · Jan. 2026 · grade B
  • IT capacity: 128 MW
    “Phase I of the campus provides hyperscalers and large cloud providers with 128 MW of combined critical IT capacity across its NV11 and NV12 facilities”
    Company · Jan. 2026 · grade B
  • IT capacity: 224 MW
    “today announced its entry into the Nevada market with a 224MW campus (NV1) in Storey County”
    Company · July 2025 · grade B
  • Name: Vantage NV1 (Reno campus)
    “announced its entry into the Nevada market with a 224MW campus (NV1) in Storey County just outside of Reno”
    Company · July 2025 · grade B
  • Developer: Vantage Data Centers
    “announced its entry into the Nevada market with a 224MW campus (NV1) in Storey County just outside of Reno”
    Company · July 2025 · grade B
  • IT capacity: 224 MW
    “four multi-story facilities offering a combined critical IT load of 224MW”
    Company · July 2025 · grade B
  • Vantage's SVP of sales: the NV Energy power ramp for NV1 runs through 2029; development/leasing of buildings 3-4 depends on power delivery; first capacity turn-up was targeted for April 2026.
    “its power ramp, or the schedule at which power will be delivered to Vantage's data center campus, runs through 2029, Pederson noted”
    News report · Oct. 2026 · grade C
  • Utility service: 315 MW
    “up to 315 megawatts of aggregate electrical demand”
    News report · Oct. 2026 · grade C
  • electric service agreement approval (LLESA): pending
    “Pending: PUCN approval of the form LLESA and resource plan in Docket 26-05007, followed by any amended Vantage agreement and ultimate decision in Docket 26-05028”
    News report · Oct. 2026 · grade C
  • Vantage campus page describes a private 500 MW on-site substation; W4 summary of that page; no construction-complete or energization date found
    “224 MW of critical IT load across four data centers and a private 500 MW on-site substation”
    News report · Oct. 2026 · grade C
  • IT capacity: 128 MW
    “Phase I of the campus provides hyperscalers and large cloud providers with 128 MW of combined critical IT capacity across its NV11 and NV12 facilities”
    News report · Jan. 2026 · grade C
Money and contracts (45)
  • Developer: Vantage Data Centers
    “Sited on nearly 137 acres, the campus will include four multi-story data centers totaling more than one million square feet. The first two buildings are fully leased”
    Company · July 2025 · grade A
  • tenant lease: buildings 1-2 fully leased at announcement 128 MW
    “The first two buildings are fully leased with the first building scheduled to open in the second quarter of 2026”
    Company · July 2025 · grade A
  • Jobs committed: 10 jobs
    “generate 10 full-time jobs within the first five years of operation with an average hourly wage of $59.62”
    Local government · March 2024 · grade A
  • tax abatement approval (NRS 360.754 data center program): approval 11531616 USD
    “A MOTION WAS MADE BY MR. SPECHT TO APPROVE THE DATA CENTER SALES TAX, AND DATA CENTER PERSONAL PROPERTY TAX ABATEMENT FOR VANTAGE DATA CENTERS NV11, LLC. MS. KING SECONDED. THE MOTION PASSED UNANIMOUSLY.”
    Local government · March 2024 · grade A
  • tax abatement approval (NRS 360.754 data center program): scope colocated data center facility in Storey County; multi-tenant colocation services
    “Vantage plans to build a colocated data center facility in Storey County”
    Local government · March 2024 · grade A
  • tax abatement approval (NRS 360.754 data center program): investment commitment 150000000 USD
    “The company will have a total capital equipment investment of approximately $150m”
    Local government · March 2024 · grade A
  • tax abatement approval (NRS 360.754 data center program): jobs floor 10 FTE within first 5 years of operation; average wage $59.62/hr
    “generate 10 full-time jobs within the first five years of operation with an average hourly wage of $59.62”
    Local government · March 2024 · grade A
  • tax abatement approval (NRS 360.754 data center program): deadline operations expected to begin by Q4 2026 (company statement to the Board)
    “Ms. Hergott advised the company expects to begin operations by the fourth quarter of 2026”
    Local government · March 2024 · grade A
  • tax abatement approval (NRS 360.754 data center program): termination clawback FINDING: no termination, recapture or clawback clause is stated in the approval record opened (board minutes + GOED annual report). The execu
    “A MOTION WAS MADE BY MR. SPECHT TO APPROVE THE DATA CENTER SALES TAX, AND DATA CENTER PERSONAL PROPERTY TAX ABATEMENT FOR VANTAGE DATA CENTERS NV11, LLC. MS. KING SECONDED. THE MOTION PASSED UNANIMOUSLY.”
    Local government · March 2024 · grade A
  • Tenant status: signed leases - NV11 + NV12 fully leased at announcement (July 2025); lessee not yet in operation
    “The first two buildings are fully leased with the first building scheduled to open in the second quarter of 2026”
    Company · Oct. 2026 · grade B
  • Square feet: 1100000 sq ft
    “the carrier-neutral and highly secure campus will include 1.1 million square feet of space”
    Company · Oct. 2026 · grade B
  • tax abatement approval (NRS 360.754 data center program): program terms data-center sales and use tax abatement - rate reducible to 2% on qualified capital equipment, up to 10 or 20 years (NRS 360.754 program terms as pu
    “Sales and use tax abatement for up to 10 or 20 years on qualified capital equipment purchases, with reductions in the rate to as low as 2%”
    Local government · Oct. 2026 · grade B
  • tax abatement approval (NRS 360.754 data center program): program terms personal property tax abatement up to 75%, over a maximum of 10 or 20 years
    “An abatement on personal property not to exceed 75% over a maximum of 10 or 20 years”
    Local government · Oct. 2026 · grade B
  • tax abatement approval (NRS 360.754 data center program): conditions program conditions include: at least 50% of construction workers Nevada residents; maintain the business in Nevada for 10 years; offer medical insuranc
    “Ensure that 50% or more of all workers engaged in construction of the data center are Nevada residents”
    Local government · Oct. 2026 · grade B
  • Large Load Electric Service Agreement (LLESA) - approval pending: status application for approval filed by Sierra Pacific Power Co. d/b/a NV Energy on June 3, 2026; PENDING - not approved as of Oct. 18, 2026
    “Application of Sierra Pacific Power Company d/b/a NV Energy for approval of a Large Load Electric Service Agreement with Vantage Data Centers NV11, LLC”
    Utility regulator · Oct. 2026 · grade B
  • Large Load Electric Service Agreement (LLESA) - approval pending: maximum demand FINDING: the agreement's Maximum Demand / contracted MW is not public in any source opened; the filed documents sit in PUCN's JS-driven doc
    “Application of Sierra Pacific Power Company d/b/a NV Energy for approval of a Large Load Electric Service Agreement with Vantage Data Centers NV11, LLC”
    Utility regulator · Oct. 2026 · grade B
  • Large Load Electric Service Agreement (LLESA) - approval pending: term FINDING: no term, load-ramp schedule, minimum-billing, security/collateral or pricing term of the LLESA is public in any source opened.
    “Application of Sierra Pacific Power Company d/b/a NV Energy for approval of a Large Load Electric Service Agreement with Vantage Data Centers NV11, LLC”
    Utility regulator · Oct. 2026 · grade B
  • Large Load Electric Service Agreement (LLESA) - approval pending: termination FINDING: no termination or cancellation clause of the LLESA is public in any source opened.
    “Application of Sierra Pacific Power Company d/b/a NV Energy for approval of a Large Load Electric Service Agreement with Vantage Data Centers NV11, LLC”
    Utility regulator · Oct. 2026 · grade B
  • The announced Q2 2026 first-building opening window has passed with no opening reported in any source opened; the contractor's schedule puts NV12 phased turnover from December 2027 with final completion in early 2029.
    “Following turnover of NV11, NV12 will begin to turn over phased portions of the facility beginning in December 2027”
    Company · Oct. 2026 · grade B
  • Construction financing (recorded mortgage): contract value 2100000000 USD
    “Recorded: Sept. 14, 2026 · Mortgage1amount: 2100000000 · Grantee: VANTAGE DATA CENTERS NV11 LLC · Parcel number: 005-041-95 · Address: USA PKWY · City: SPARKS”
    County deed records · Sept. 2026 · grade B
  • General contractor: McCarthy Building Companies, Inc. (design-build with Corgan, architect)
    “Both NV11 and NV12 are being constructed by McCarthy in a design-build effort with Corgan, serving as the campus architect”
    Company · Jan. 2026 · grade B
  • Tenants: Undisclosed tenant(s) - first two buildings fully leased; tenant never named in any source opened
    “The first two buildings are fully leased with the first building scheduled to open in the second quarter of 2026”
    Company · July 2025 · grade B
  • Acres: 137 acres
    “Sited on nearly 137 acres, the campus will include four multi-story data centers totaling more than one million square feet”
    Company · July 2025 · grade B
  • Stated capital cost: 3000 USD millions
    “Nearly $3 billion will be invested in the project, with more than 1,200 individuals employed across the construction and ongoing operations of the campus”
    Company · July 2025 · grade B
  • tenant leases - buildings NV11 + NV12: scope buildings NV11 and NV12 fully leased (128 MW critical IT, Phase I)
    “The first two buildings are fully leased with the first building scheduled to open in the second quarter of 2026”
    Company · July 2025 · grade B
  • tenant leases - buildings NV11 + NV12: term FINDING: no lease term, rent, minimum-billing / take-or-pay, renewal or termination clause for the NV11/NV12 leases is public in any source opened.
    “The first two buildings are fully leased with the first building scheduled to open in the second quarter of 2026”
    Company · July 2025 · grade B
  • Owner companies: Vantage Data Centers NV11, LLC; Vantage Data Centers NV12, LLC
    “Vantage Data Centers NV12, LLC Business Information 10 15 $64.20 $254,000,000 $19,274,000 $75,966,869 $822,119,516”
    Local government · Nov. 2024 · grade B
  • Stated capital cost: 254 USD millions
    “Vantage Data Centers NV12, LLC Business Information 10 15 $64.20 $254,000,000 $19,274,000 $75,966,869 $822,119,516”
    Local government · Nov. 2024 · grade B
  • Incentives: GOED data-center partial tax abatements (NRS 360.754) approved for both buildings: NV11 $11,531,616 estimated; NV12 $19,274,000 estimated; 10-year track
    “Vantage Data Centers NV11, LLC Business Information Technology 10 27 $59.62 $730,000,000 $11,531,616 $82,517,944 $107,245,904”
    Local government · Nov. 2024 · grade B
  • tax abatement approval (NRS 360.754 data center program): approval 19274000 USD
    “Vantage Data Centers NV12, LLC Business Information 10 15 $64.20 $254,000,000 $19,274,000 $75,966,869 $822,119,516”
    Local government · Nov. 2024 · grade B
  • tax abatement approval (NRS 360.754 data center program): investment commitment 254000000 USD
    “Vantage Data Centers NV12, LLC Business Information 10 15 $64.20 $254,000,000 $19,274,000 $75,966,869 $822,119,516”
    Local government · Nov. 2024 · grade B
  • tax abatement approval (NRS 360.754 data center program): termination clawback FINDING: no termination, recapture or clawback clause is stated in the approval record opened (GOED annual report table). The executed GOED a
    “Vantage Data Centers NV12, LLC Business Information 10 15 $64.20 $254,000,000 $19,274,000 $75,966,869 $822,119,516”
    Local government · Nov. 2024 · grade B
  • Stated capital cost: 730 USD millions
    “Vantage Data Centers NV11, LLC Business Information Technology 10 27 $59.62 $730,000,000 $11,531,616 $82,517,944 $107,245,904”
    Local government · March 2024 · grade B
  • Land purchase (recorded deed): contract value USD
    “Recorded: Jan. 25, 2024 · Grantor: SIERRA REALTY INVESTMENTS LLC · Grantee: VANTAGE DATA CENTERS NV11 LLC · Parcel number: 005-041-95 · Address: 1121 USA PKWY # NV11 · City: SPARKS”
    County deed records · Jan. 2024 · grade B
  • Vantage purchased 137 acres at the southeast corner of Electric Avenue and USA Parkway in the Tahoe Reno Industrial Center (NNBW).
    “Vantage in 2023 purchased 137 acres near the southeast corner of Electric Avenue and USA Parkway at Tahoe Reno Industrial Center”
    News report · Oct. 2026 · grade C
  • electric service agreement (LLESA, proposed): proposed agreement signed 2026; PUCN approval pending (Docket 26-05028) 315 MW
    “The public agreement describes the campus as having aggregate electrical demand of up to 315 MW”
    News report · Oct. 2026 · grade C
  • LLESA: aggregate campus demand 315 MW
    “up to 315 megawatts of aggregate electrical demand”
    News report · Oct. 2026 · grade C
  • high-voltage distribution agreement: delivery infrastructure
    “A separate high-voltage distribution agreement, dated August 30, 2023 and numbered 23-00052, addresses delivery infrastructure.”
    News report · Oct. 2026 · grade C
  • PUCN had not approved the 26-05028 LLESA as of the Oct 2, 2026 record check; docket paused behind IRP docket 26-05007; no approval order or stipulation found through Oct 20, 2026
    “The Public Utilities Commission of Nevada has not approved the agreement.”
    News report · Oct. 2026 · grade C
  • Project status: under construction (NV11 built; NV12 topped out early 2026; buildings 3-4 not started; no building verified open for operation as of Oct 2026)
    “General contractor McCarthy Building Companies recently completed the topping out milestone for hyperscale data centre provider Vantage Data Centers' second of four planned data centres on its NV1 Campus”
    News report · Jan. 2026 · grade C
  • tenant leases - buildings NV11 + NV12: counterparty FINDING: the tenant is never named in any source opened; NNBW reports a single undisclosed tenant took both buildings
    “Vantage has already leased two buildings, or 128 megawatts, to an undisclosed tenant, Pederson said”
    News report · Aug. 2025 · grade C
  • future phases - buildings NV13 + NV14: condition development and leasing of buildings 3-4 conditioned on NV Energy power delivery; the NV Energy power ramp for the campus runs through 2029 (Vantage SVP of sales)
    “Development of the other two buildings at Vantage Data Centers' Northern Nevada campus could potentially be leased to the same tenant and is based on Vantage's ability to deliver power”
    News report · Aug. 2025 · grade C
  • tax abatement approval (NRS 360.754 data center program): deadline operations expected by Q1 2026 per the NV12 GOED application (as reported by DCD)
    “while the second application suggests NV12 would be live by Q1 2026”
    News report · July 2025 · grade C
  • tax abatement: abatement granted
    “News that Vantage was eyeing expansion into Reno surfaced in November 2024 after the company was granted tax abatements on a planned data center project in Storey County”
    News report · Nov. 2024 · grade C
  • tax abatement approval (NRS 360.754 data center program): jobs floor 10 FTE within 5 years (15 build-out); average wage $64.20/hr
    “They plan to create around 10 jobs within five years at an average hourly wage of $64”
    News report · Nov. 2024 · grade C
Permits and government (16)
  • Class II Air Quality Operating Permit: permit document posted - final issuance date not established
    “Facility ID No. A2540 Permit No. AP7374-4749 CLASS II AIR QUALITY OPERATING PERMIT Issued to: VANTAGE DATA CENTERS NV11, LLC – VANTAGE NV1 (AS PERMITTEE)”
    State agency · Oct. 2026 · grade A
  • NDEP BAPC issues its preliminary determination to issue Class II air permit AP7374-4749 covering 88 diesel backup generators for the NV1 facility.
    “has made a preliminary determination to issue the operating permit”
    State agency · Oct. 2026 · grade A
  • Executive Order 2026-005 sets a new standard for FUTURE Nevada data-center abatements (4.6% combined sales/use tax floor with the Local School Support Tax unabated, plus a mandatory Community Support Commitment). Its sav
    “Nothing in this Order shall be construed to apply to an application the Board approved before its effective date”
    State agency · Oct. 2026 · grade A
  • LLESA application: listed in official electric docket index
    “Application of Sierra Pacific Power Company d/b/a NV Energy for approval of a Large Load Electric Service Agreement with Vantage Data Centers NV11, LLC.”
    Utility regulator · June 2026 · grade A
  • Class II Air Quality Operating Permit: application received; public notice of proposed action
    “The Director received an application for a new Class II Air Quality Operating Permit, AP7374-4749 (FIN A2540) from the following applicant: Vantage Data Centers NV11, LLC”
    State agency · Aug. 2025 · grade A
  • Class II Air Quality Operating Permit: preliminary determination to issue (Director's Review)
    “The Nevada Division of Environmental Protection – Bureau of Air Pollution Control (BAPC) has reviewed the application for the above-referenced operating permit and has made a preliminary determination to issue the operating permit.”
    State agency · Aug. 2025 · grade A
  • Class II Air Quality Operating Permit: operating limits (permit conditions)
    “S2.001 through S2.088, each, may operate a maximum of 100 hours per year of non-emergency use”
    State agency · Aug. 2025 · grade A
  • GOED Board of Economic Development (Nevada Governor's Office of Economic Development): Item 8B - Vantage Data Centers NV11, LLC: Data Center Sales Tax Abatement and Data Center Personal Property Tax Abatement
    “A MOTION WAS MADE BY MR. SPECHT TO APPROVE THE DATA CENTER SALES TAX, AND DATA CENTER PERSONAL PROPERTY TAX ABATEMENT FOR VANTAGE DATA CENTERS NV11, LLC. MS. KING SECONDED. THE MOTION PASSED UNANIMOUSLY.”
    Local government · March 2024 · grade A
  • Stage: building - real, permitted and under construction; first operation unverified and slipped past the announced Q2 2026 window
    “Following turnover of NV11, NV12 will begin to turn over phased portions of the facility beginning in December 2027”
    Company · Oct. 2026 · grade B
  • Integrated Resource Plan (companion framework docket): joint application filed
    “Joint Application of Nevada Power Company d/b/a NV Energy and Sierra Pacific Power Company d/b/a NV Energy for approval of their 2027-2046 Triennial Integrated Resource Plan”
    Utility regulator · Oct. 2026 · grade B
  • NV Energy files PUCN Docket No. 26-05028 for approval of the Large Load Electric Service Agreement with Vantage Data Centers NV11, LLC; the form agreement and resources are litigated in IRP Docket No. 26-05007. No approv
    “Application of Sierra Pacific Power Company d/b/a NV Energy for approval of a Large Load Electric Service Agreement with Vantage Data Centers NV11, LLC”
    Utility regulator · Oct. 2026 · grade B
  • GOED Board of Economic Development (Nevada Governor's Office of Economic Development): Vantage Data Centers NV12, LLC - data center tax abatement application
    “Vantage Data Centers NV12, LLC Business Information 10 15 $64.20 $254,000,000 $19,274,000 $75,966,869 $822,119,516”
    Local government · Nov. 2024 · grade B
  • LLESA application: filed
    “The portal contains a May 27 original filing, a May 29 amendment and a June 3 correction”
    News report · Oct. 2026 · grade C
  • LLESA application: procedural order - continued prehearing scheduled
    “A continued prehearing conference is scheduled for Tuesday, January 26, 2027 at 11 a.m. Pacific.”
    News report · Oct. 2026 · grade C
  • air quality permit: public notice (2025); issue and expiration date fields blank on posted form - final issuance not established
    “NDEP's 2025 air-permit notice says the campus was proposed with 88 Tier 2 diesel backup generators, two Tier 3 diesel fire-pump generators and one additional Tier 3 diesel emergency generator - 91 diesel units in all”
    News report · Dec. 2025 · grade C
  • special use permit (height): approved
    “Decided: GOED approved the tax abatements in 2024; Storey County approved the height SUP in 2024; Vantage and NV Energy signed the proposed LLESA in 2026”
    News report · Dec. 2024 · grade C
Site and other (22)
  • First building scheduled to open Q2 2026 per company announcement and campus page; GOED applications had projected NV12 live Q1 2026 / NV11 operations Q4 2026 - schedules only, none establishes an opening
    “The first two buildings are fully leased with the first building scheduled to open in the second quarter of 2026”
    Company · July 2025 · grade A
  • Original target date: Dec. 31, 2026
    “Ms. Hergott advised the company expects to begin operations by the fourth quarter of 2026”
    Local government · March 2024 · grade A
  • Operator: Vantage Data Centers
    “Vantage's NV1 data center campus will feature the most state-of-the-art electrical equipment to ensure maximum efficiency and reliability”
    Company · Oct. 2026 · grade B
  • Address: 1121 USA Parkway, Sparks, NV 89437
    “Campus Address 1121 USA Parkway, Sparks, NV 89437, USA”
    Company · Oct. 2026 · grade B
  • Construction stage: building - NV11 built; NV12 topped out (Jan 2026) and in fit-out; buildings 3-4 not started; no building in commercial operation
    “recently completed the topping out milestone for Vantage Data Centers' second of four planned data centers on its NV1 Campus”
    Company · Oct. 2026 · grade B
  • Current target date: not stated
    “NV12 will begin to turn over phased portions of the facility beginning in December 2027 to allow for customers to begin operations prior to final completion in early 2029”
    Company · Oct. 2026 · grade B
  • Ground broken on the NV1 campus; more than 1.1 million labor hours logged by January 2026 with zero lost-time incidents (McCarthy).
    “more than 1.1 million labor hours on site since breaking ground in May 2024”
    Company · Oct. 2026 · grade B
  • McCarthy states NV12 phased turnover begins December 2027 following turnover of NV11; McCarthy gives no calendar date for NV11 turnover itself
    “Following turnover of NV11, NV12 will begin to turn over phased portions of the facility beginning in December 2027”
    Company · Jan. 2026 · grade B
  • Groundbreaking date: May 2024
    “more than 1.1 million labor hours on site since breaking ground in May 2024”
    Company · Jan. 2026 · grade B
  • Workforce estimate: 1200 jobs
    “The campus has created more than 1,200 local construction jobs and has already generated significant local economic impact”
    Company · Jan. 2026 · grade B
  • Water use stated: closed-loop chilled water system requiring only an initial fill; no continuous cooling-water draw stated
    “operates on a closed loop chilled water system to properly and efficiently cool the systems requiring only an initial fill”
    Company · Jan. 2026 · grade B
  • Announced: July 15, 2025
    “DENVER (July 15, 2025) – Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced its entry into the Nevada market”
    Company · July 2025 · grade B
  • Original target date: June 30, 2026
    “the first building scheduled to open in the second quarter of 2026”
    Company · July 2025 · grade B
  • Vantage stated first building scheduled to open Q2 2026; this is a schedule, not an NV11 turnover date and not proof of opening
    “The first two buildings are fully leased with the first building scheduled to open in the second quarter of 2026.”
    Company · July 2025 · grade B
  • Announced: March 21, 2024
    “Vantage Data Centers NV11, LLC is looking to build a colocated data center facility in Storey County.”
    State agency · March 2024 · grade B
  • As of Oct 2, 2026 review, neither the Q2 2026 scheduled-open date nor the Q4 2026 abatement projection establishes a facility has opened for commercial operation; no certificate of occupancy or operating statement found
    “neither date in the records examined establishes that a facility has opened for commercial operation”
    News report · Oct. 2026 · grade C
  • Construction start: ground broken May 2024; more than 1.1 million labor hours on site
    “the campus reached more than 1.1 million labour hours on site since breaking ground in May 2024, with zero lost-time incidents”
    News report · Jan. 2026 · grade C
  • Land control date: 2023
    “Vantage in 2023 purchased 137 acres near the southeast corner of Electric Avenue and USA Parkway at Tahoe Reno Industrial Center”
    News report · Aug. 2025 · grade C
  • Construction stage: vertical - first of four buildings constructed; construction continuing on the balance
    “The first of four planned four-story buildings is already constructed and is expected to open in the second quarter of 2026”
    News report · Aug. 2025 · grade C
  • Site address: 100 & 200 Electric Avenue, Tahoe-Reno Industrial Center area, Storey County, NV
    “Two separate applications, from March and November last year, suggest Vantage Data Centers NV11, LLC and Vantage Data Centers NV12, LLC are looking to develop a site at the southeast corner of Electric Avenue and USA Parkway”
    News report · July 2025 · grade C
  • Aliases: NV1; buildings NV11, NV12, NV13, NV14; 100 & 200 Electric Avenue
    “A further filing suggests another building, NV13, is also planned. DataCenterHawk suggests a fourth, NV14, is also in the works”
    News report · July 2025 · grade C
  • Address buildings: 100 & 200 Electric Avenue, McCarran, NV (buildings NV11 / NV12)
    “to be located at 100 & 200 Electric Avenue in McCarren/Sparks”
    News report · July 2025 · grade C

Imagery and records: County deeds: ATTOM.