HYPERSCALE CAPEX $725B QUEUE 2,060 GW $/MW NoVA $1–2.3M
Brownfield De-risking Platform · Vintage 2026

Manufacturing the scarcest asset in AI infrastructure.

BDG2 manufactures powered, shovel-ready land — converting latent industrial power into bankable, interconnection-secured megawatts across MISO and TVA territory.

Critical target
~500 MW
Power regions
MISO + TVA
Asset class
Brownfield → DC
Standard
Tier III design
§ 01 Thesis

Power is the new perimeter.

AI compute is no longer bound by land, capital, or chips. The binding constraint is deliverable megawatts on a timeline — and Tier-1 hubs like Northern Virginia are out of headroom.

Capital migrates outward. Secondary markets with confirmed power and credible utility partners now carry the marginal megawatt of new AI infrastructure — provided someone manufactures the readiness.

BDG2 acquires brownfield industrial parcels with inherited heavy-power service, de-risks them to shovel-ready status, and delivers interconnection-cleared, Tier III-design-certified powered land. The land does not need to be different. The power path needs to be provable.

§ 02 Power Regimes

Two power regimes.
One standard.

The portfolio diversifies the two risks that most often impair early-stage development — interconnection and entitlement — across independent grids, regulators, and political mechanisms.

Engine A · MISO

Michigan Engine

Grid
DTE Electric, within MISO
Power at entry
Inherited industrial service from active brownfield parcels
Edge
Sponsor relationships into the utility and the state legislature
Tail risk
Legislative — moratorium and citizen-initiative regimes
Engine B · TVA

Tennessee Engine

Grid
TVA wholesale, delivered through local power companies
Power at entry
Existing substations with high-voltage transmission taps
Edge
TVA's low industrial power rate and clean-incentive stack
Tail risk
Regulated-rate — pending TVA data-center rate class

Two engines, one de-risking standard: power-secured, entitled, Tier III-design-certified. Each parcel is interconnected through a compliant change-of-use process — a fast-track because the service was already there, not a bypass of regulatory review.

§ 03 · Sign-off

Buy where the
power already is.

For investors, sellers, brokers, and operating partners. Inquiries reviewed by the partners.

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