Oracle: Project Jupiter projected to bring over $4.7B to New Mexico

Oracle announced that its "Project Jupiter" data center in Doña Ana County, New Mexico, is projected to deliver over $4.7 billion in long-term economic impact through tax revenue, investments, and commercial activity. The project has already generated nearly $80 million in tax revenue for New Mexico and Doña Ana County. Mahesh Thiagarajan, executive vice president of Oracle Cloud Infrastructure, stated that the project has funded 80% of its $50 million commitment to local water infrastructure, with the remainder due next month, and has created over 700 jobs.

The data center is expected to create over 7,000 construction jobs and 1,500 ongoing operational jobs, generating an estimated $384 million in annual economic impact during construction and $113 million annually once operational. Oracle projects a total of $680 million in tax revenues over 17 years, including $12 million annually in direct payments to Doña Ana County and local schools through an Industrial Revenue Bond. These funds have supported local programs such as fire station generators, food pantry renovations, and road improvements.

Environmentally, Oracle claims Project Jupiter's updated design will significantly reduce ongoing water use, avoiding potable water. It will utilize Bloom Energy's fuel cells, which require minimal water. Oracle also noted that the data center's cooling and fuel cell systems are expected to use as much water as nine average U.S. households over 15 years and reduce nitrogen oxide emissions by 92%. Oracle will cover energy infrastructure and electricity costs, committing to 100% carbon-free energy matching by 2031, ahead of New Mexico's Energy Transition Act goals.