---
title: "Hyperion (Meta), Richland Parish, Louisiana, US — campus ledger — The AI Compute Race — DRYBURGH · The Compute Economy"
source: https://dryburgh.com/vol1/ledger/hyperion
description: "Hyperion: not yet due. 0 MW evidenced of 5,000 MW announced or estimated, end of August 2026 reading; operations promised by 31 December 2030."
---

# Hyperion (Meta), Richland Parish, Louisiana, US

Meta (Blue Owl–Meta joint venture; Meta operator)

Hyperion (Meta; Richland Parish, Louisiana, US) was promised operations by 31 December 2030; at the end-of-August 2026 reading the public record evidences 0 MW of IT load against 5,000 MW announced or estimated. The book’s verdict: not yet due.

From *The AI Compute Race*. [Read the book](https://dryburgh.com/vol1#buy)

Download this campus: [CSV](https://dryburgh.com/vol1/data/ledger-hyperion.csv) · [JSON](https://dryburgh.com/vol1/data/ledger-hyperion.json)

Announced or estimated (IT load) 5,000 MW

Evidenced power (IT load), end of August 2026 0 MW

The book’s verdict Not yet due

The ledger’s reading is the end of August 2026: the promises and the states as they stood then. Each row’s evidence carries its own date, printed on it.

The promise and the record, on one line. The book’s verdict: **Not yet due**.

- Evidence read 28 August 2026
- Today Nov 2026
- Promised 31 December 2030

**0 MW** evidenced at the end-of-August 2026 reading, of 5,000 MW announced or estimated (0%).

## The announcement

**Announced or estimated capacity (IT load):** 5,000 MW

**Where the announcement was read:** [about.fb.com](https://about.fb.com/news/2026/07/teachers-local-businesses-win-as-meta-expands-louisiana-data-center/)

**When it was read:** 13 July 2026

## The promise

**Promised by:** 31 December 2030

**What was promised:** operations

**Where the promise was read:** not on file

## At the close of the record

**Evidenced power (IT load), end of August 2026:** 0 MW

**Where the evidence was read:** [epoch.ai](https://epoch.ai/data/ai-data-centers/directory/meta-hyperion)

**When it was read:** 28 August 2026

**The book’s verdict:** Not yet due

## The book’s note

5,000 MW is Meta’s compute-capacity figure. The August 2026 compilation’s table of promised dates (row 7) dates the original 2 GW campus ‘operational by 2030’, with no URL; the August 2026 compilation gives ‘first major capacity 2028’ with no source. Meta’s primary for the 2030 date would settle the promise source.

## Also

**Who is involved:**

- owner [Blue Owl–Meta joint venture](https://dryburgh.com/vol1/parties/blue-owl-meta-joint-venture)
- operator [Meta](https://dryburgh.com/vol1/parties/meta)
- financier [Blue Owl](https://dryburgh.com/vol1/parties/blue-owl)

## Filings that bear on it

- [Louisiana Public Service Commission, Order in Docket U-37425, 29 August 2025](https://dryburgh.com/vol1/filings/lpsc-order-u37425) Louisiana’s utility commission approved a settlement letting Entergy Louisiana build three combined-cycle generators and transmission for Meta’s Richland Parish data center, with conditions on the customer’s minimum monthly charges, parent guaranty and early termination fee, and quarterly progress reports.
- [Meta Platforms, Form 10-K for the year ended 31 December 2025](https://dryburgh.com/vol1/filings/meta-10k-2025) Meta’s 2025 annual report shows its Louisiana data center venture, with $12.31 billion of lease commitments from 2029 and a maximum loss exposure of $45.95 billion, and $115.8 billion of operating cash flow against $69.7 billion of capital spending.
- [Louisiana Public Service Commission, transcript of the Business and Executive Session of 20 August 2025, Plaquemine, Commissioners Davante Lewis and Jean-Paul Coussan questioning the Staff’s consultant Lane Sisung](https://dryburgh.com/vol1/filings/lpsc-transcript-aug25) At Louisiana’s commission on 20 August 2025, the staff’s consultant said Meta’s termination fee repays the generators’ originally projected cost, so after an overrun there “may be a little bit of gap” while the plants pass to ratepayers.
- [Meta Platforms, Form 10-Q for the quarter ended 30 June 2026, accepted 29 July 2026, filing date 30 July; Note 5 and the expense and headcount discussions](https://dryburgh.com/vol1/filings/meta-10q-q2-26) Meta’s report for April to June 2026 puts its maximum loss exposure to the Louisiana data center venture at $46.03 billion, with about $12.31 billion of lease commitments, and names third-party AI token costs among its rising expenses.
- [Edward Burgess, Direct testimony and exhibits on behalf of Alliance for Affordable Energy and Union of Concerned Scientists, LPSC Docket U-37882, 31 July 2026](https://dryburgh.com/vol1/filings/aae-burgess-u37882) Testimony for two advocacy groups on Entergy Louisiana’s seven new generators for a second Meta data center in Richland Parish reports that the first project’s generation and transmission estimate rose $465 million, about 11.7 percent, to $4.421 billion.
- [Meta Platforms, Form 10-Q for the quarter ended 30 September 2025](https://dryburgh.com/vol1/filings/meta-10q-q3-25) Meta’s report for July to September 2025 records its October venture with a Blue Owl affiliate for a Richland Parish data center campus, about $12.3 billion of four-year leases from 2029, and a residual value guarantee.
- [Louisiana Public Service Commission, Order No. U-37882, decided at the 15 April 2026 Business and Executive Session and issued 14 May 2026](https://dryburgh.com/vol1/filings/lpsc-u37882-order) Louisiana’s utility commission voted 4 to 1 on 15 April 2026 to take up on 16 December 2026 Entergy Louisiana’s request to certify generation and transmission for Evest LLC’s proposed data center in Richland Parish.
- [Meta Platforms, Form 10-Q for the quarter ended 30 September 2026, signed 21 October 2026; Note 5](https://dryburgh.com/vol1/filings/meta-10q-q3-26) Meta’s report for July to September 2026 records a Texas data center venture beside its Louisiana one, each 20 percent its own, about $355.73 billion of leases not yet begun and $454.52 billion of non-cancelable commitments.
- [Entergy Corporation, Form 10-Q for the quarter ended 30 June 2026, 2026](https://dryburgh.com/vol1/filings/entergy-10q-q2-26) Entergy’s report for April to June 2026 records a March 2026 service agreement with Evest, a Meta subsidiary, for a second north Louisiana data center, and an application for seven combined-cycle plants totaling 5,278 megawatts at about $12.9 billion.
- [The White House, “President Trump’s Ratepayer Protection Pledge Secures American AI Dominance, Protects Consumers,” 23 July 2026](https://dryburgh.com/vol1/filings/yahoo-pledge) The White House said on 23 July 2026 that more than 200 more utilities, developers, cooperatives and states had joined its Ratepayer Protection Pledge, citing power deals by Google, Oracle, Amazon, QTS and Meta, and Crusoe’s self-powered Abilene campus.

## The dated tests that name it

- [Chapter 14, the campus’s financing](https://dryburgh.com/vol1/tests/2029-3) due 1 June 2029
- [Chapter 14, the hour, on a proxy](https://dryburgh.com/vol1/tests/2029-4) due 1 June 2029
- [Chapter 14, the campus’s financing](https://dryburgh.com/vol1/tests/2030-5) due 31 December 2030

## Campuses near it in the ledger

- [Stargate Doña Ana / Project Jupiter](https://dryburgh.com/vol1/ledger/stargate-dona-ana-project-jupiter) shares a party
- [Prometheus](https://dryburgh.com/vol1/ledger/prometheus) shares a party
- [Reliance–Meta Jamnagar](https://dryburgh.com/vol1/ledger/reliance-meta-jamnagar) shares a party

## Questions about this campus

**Is Hyperion energized?:** Hyperion (Meta; Richland Parish, Louisiana, US) was promised operations by 31 December 2030; at the end-of-August 2026 reading the public record evidences 0 MW of IT load against 5,000 MW announced or estimated. The book’s verdict: not yet due.

**When was Hyperion promised to be energized?:** Hyperion was promised operations by 31 December 2030.

**Who is building Hyperion?:** Blue Owl–Meta joint venture (owner), Meta (operator), Blue Owl (financier).

- [Tests](https://dryburgh.com/vol1/tests)
- [Scorecard](https://dryburgh.com/vol1/scorecard)
- [Data](https://dryburgh.com/vol1/data/releases)
- [Chapter by chapter](https://dryburgh.com/vol1/companion)
- [The record at a glance](https://dryburgh.com/vol1/observatory)
- [The machine](https://dryburgh.com/vol1/machine)
- [One campus, four futures](https://dryburgh.com/vol1/hyperion)
- [Glossary](https://dryburgh.com/vol1/glossary)
- [People](https://dryburgh.com/vol1/people)
- [Sources](https://dryburgh.com/vol1/sources)
- [Notes](https://dryburgh.com/vol1/notes)
- [Where the book was wrong](https://dryburgh.com/vol1/corrections)
- [Where its sources were wrong](https://dryburgh.com/corrections?book=vol1)
- [The Paper](https://dryburgh.com/vol1/paper)
- [Consent](https://dryburgh.com/vol1/consent)
- [Who builds and pays](https://dryburgh.com/vol1/parties)

*The AI Compute Race: Five Races, One Machine* is a book by Lee S. Dryburgh, the first volume of THE COMPUTE ECONOMY, published by Dryburgh, an imprint of Contestra OÜ, Tallinn, Estonia; its record closes on 8 November 2026.

[About the book](https://dryburgh.com/vol1)[Tell me when it is out](https://dryburgh.com/vol1#notify)