American Electric Power (AEP) announced a $4 billion investment to build a 702‑megawatt fuel‑cell power generation facility near Cheyenne, Wyoming, that will sell electricity to Google under a 20‑year power purchase agreement.

The plant will be developed by Cheyenne Fuel Cell LLC, with AEP holding roughly 92 % of the company and funds advised by Basalt Infrastructure Partners owning the remaining 8 %.

Construction is scheduled to begin in 2026, and the facility is expected to be fully operational by the end of 2028.

Bloom Energy will provide solid‑oxide fuel‑cell technology, which generates electricity electrochemically rather than by burning natural gas.

The project also plans to integrate carbon‑capture equipment to deliver near‑zero‑emission power, though specific capture rates and design details have not yet been disclosed.

A prior $2.65 billion equipment agreement in January 2026 secured a large portion of Bloom Energy fuel cells for the Cheyenne site, forming part of the overall $4 billion investment.

The AEP fuel‑cell project runs alongside a separate $1.8 billion natural‑gas generation plan by Black Hills Corporation, together forming a multi‑gigawatt resource mix to serve the data‑center.