Oracle says its Project Jupiter data center campus will generate more than $13 billion in economic activity in New Mexico during construction and its first 17 years of full operations, while separate proposed electricity agreements could provide up to $165 million in bill credits to households and small businesses.
The company released an updated economic assessment of the four-building campus in Doña Ana County alongside plans for an Energy Service Agreement with El Paso Electric (EPE). Under that agreement, Oracle expects to pay $10 million annually for 10 years, even if its electricity consumption falls below contracted levels.
A separate proposal would provide as much as $55 million annually in direct credits to EPE’s New Mexico residential and small-business customers for up to three years. If implemented at the maximum amount and duration, those credits would total $165 million, with benefits potentially beginning in 2027.
The announcements set out the project’s anticipated economic contribution and Oracle’s proposed measures to offset electricity costs for surrounding communities. The economic figures are forecasts, while the electricity payments and customer credits remain proposed arrangements.
Electricity Agreement Would Support Construction and Backup Needs
Oracle said the proposed agreement with El Paso Electric (EPE) would provide electricity for late-stage construction, initial commissioning, emergency backup and systems that protect workers’ safety at the data center.
The company emphasized that Bloom Energy’s fuel-cell microgrid would remain Project Jupiter’s primary power source. The utility agreement would not change that plan.
Oracle said its expected $10 million annual payments would help offset shared electricity-system costs that would otherwise be borne by EPE’s New Mexico customers. Those payments are separate from the proposed customer credits.
“We welcome the opportunity to facilitate Oracle’s credit to further affordability for our customers,” said Kelly Tomblin, president and chief executive of El Paso Electric. “Growth and investment in New Mexico has always been an EPE priority and we support the effort Oracle is making to ensure that this growth benefits our residential and small commercial customers.”
Mahesh Thiagarajan, executive vice president of Oracle Cloud Infrastructure, said the company wanted the community to benefit before the campus begins operating.
“We’re taking this action now — well before our data center comes online — to deliver a direct, meaningful benefit to New Mexico households and small businesses and help ensure the community shares in the value created by Project Jupiter,” he said.
Oracle linked the proposals to its earlier signing of the White House Ratepayer Protection Pledge and its commitment to cover its own energy and infrastructure costs. The company said further information would follow the filing of the Energy Service Agreement.
The announcement did not specify how much individual customers would receive in credits.
Updated Economic Forecast Reflects Revised Assumptions
The new economic assessment uses data from Oracle and STACK, alongside updated analysis by Mangum Economics. It revises a report Oracle announced in July that drew on analysis developed in September 2025.
According to Oracle, the earlier assessment used the project’s required job count of 750 rather than the 1,500 long-term project-supported jobs expected. It also assumed less information-technology capacity per square foot and excluded the larger capital investment associated with the fuel-cell power plan announced in April 2026.
Oracle said the revised forecast does not reflect an expansion of the campus. Beyond the April power-plan update, the company said there had been no changes to Project Jupiter’s data center capacity, buildings, water use or power plan.
The more than $13 billion estimate combines projected total economic output during construction from 2025 through 2028 with direct economic impacts during the first 17 years of full operations. All dollar estimates in the analysis are expressed in 2026 dollars.
$2.2 billion in total economic output in Doña Ana County
During construction, Project Jupiter is projected to generate up to $2.2 billion in total economic output in Doña Ana County. At peak construction, it is expected to create 7,000 construction jobs and support nearly 1,650 additional indirect and induced jobs across the county.
Once fully operational, the campus is projected to generate approximately $560 million in annual direct economic output in Doña Ana County. That figure excludes the contribution of more than 1,600 indirect and induced jobs expected through local suppliers, contractors, service providers and employee spending.
The operational employment forecast exceeds 3,100 jobs across the county, including the previously announced 1,500 direct project-supported positions. Annual pay and benefits across those supported jobs are estimated at $180 million.
“A project of this scale creates opportunities that last well beyond construction, and that’s part of the reason why we are excited to bring this project to Doña Ana County,” Thiagarajan said.
Construction Has Already Employed Local Workers
Oracle said 4,393 workers have completed more than 3.75 million labor hours on Project Jupiter so far. More than 1,846 union members have contributed across the trades.
The workforce has included 1,230 New Mexico residents, of whom 630 are from Doña Ana County. Those figures describe participation to date, rather than the number of workers currently employed onsite.
For some tradespeople, the campus has provided an opportunity to work closer to home instead of travelling outside the county or state for employment. Oracle highlighted that experience in its September account of the project’s union workforce.
“One of the best things about this project is that we’ve been able to bring a lot of our people back home,” said Rosendo Najar, president of Carpenters Local 1319 and lead business agent for New Mexico. “Now that we have this project here, we’re able to bring back people who live in this area.”
Community Funding and Training Commitments
According to Oracle, Project Jupiter has generated more than $100 million in state and local tax revenue to date, including $50 million for local water infrastructure.
The company also listed commitments of $360 million to support schools, infrastructure and public services, and $6.9 million for workforce development and community programs. It separately identified a $4 million commitment to workforce development and education, without specifying whether that amount is included in the broader community-program funding.
Oracle said additional investments support local organizations, including the Gadsden Independent School District, Casa de Peregrinos and Roadrunner Food Bank.
Beginning in 2027, the company plans to offer its paid, 12-week Catalyst Program to prepare prospective workers for careers in data center technology. The program will require neither a college degree nor prior data center experience, and successful participants will have an opportunity to transition into full-time Oracle roles.
Oracle’s Project Jupiter offers a parallel to Microsoft’s data center development in Mount Pleasant, Wisconsin, where the company has also emphasized local jobs, workforce training and protecting electricity customers. Microsoft says it will cover its costs to prevent its data centers from increasing customers’ electricity prices, while Oracle’s proposed agreements go further by offering direct bill credits to eligible New Mexico households and small businesses.
Additionally, the growing demand for dedicated power infrastructure is also driving investment in fuel cell generation for major data center customers. American Electric Power (AEP), for example, plans to invest approximately $4 billion in a 702-megawatt fuel cell power facility near Cheyenne, Wyoming, to supply Google under a 20-year power purchase agreement. The project will use solid oxide fuel cell technology developed by Bloom Energy and is expected to be operational by the end of 2028.
Project Jupiter Factsheet
Location: Doña Ana County, New Mexico.
Campus: Four data center buildings.
New Economic forecast: More than $13 billion during construction and 17 years of full operations.
Construction period: 2025–2028.
Construction output: Up to $2.2 billion.
Peak construction jobs: 7,000, plus nearly 1,650 indirect and induced jobs.
Annual operational output: About $560 million in direct economic activity.
Operational jobs: More than 3,100, including 1,500 direct project-supported jobs.
Annual pay and benefits: An estimated $180 million across supported jobs.
Power and Bill Credits
Primary power: Bloom Energy’s fuel-cell microgrid.
EPE supply: Proposed for construction, commissioning, emergency backup and life-safety needs.
Electricity payments: A proposed $10 million annually for 10 years.
Customer credits: Up to $165 million over three years.
Eligible customers: EPE’s New Mexico households and small businesses.
Possible start: 2027.
Status: The electricity agreements remain proposed.
Workforce and Community
Workers to date: 4,393.
Labor completed: More than 3.75 million hours.
New Mexico workers: 1,230, including 630 from Doña Ana County.
Union participation: More than 1,846 members.
Tax revenue: Oracle reports more than $100 million to date.
Water infrastructure: $50 million included in that tax figure.
Public-service commitments: $360 million.
Workforce and community programs: $6.9 million committed.
Training: A paid, 12-week Catalyst Program starts in 2027.
Requirements: No degree or prior data center experience needed.
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