CoreWeave says it will self-fund grid costs for its Texas data centers

The AI cloud provider is pitching closed-loop cooling and self-funded substations as Texas weighs tougher data center rules CoreWeave wants Texas to know it will bring its own wallet. The AI cloud infrastructure provider, which trades on NASDAQ as CRWV, says it will pay for its own grid infrastructure on upcoming Texas data center projects. The pledge arrives as the state’s incoming leadership considers hitting pause on new data centers entirely. What CoreWeave is promising CEO Michael Intrator laid out the commitments in a letter to Texas Governor-elect Gina Hinojosa dated November 7, 2026. The core message: CoreWeave will self-fund the substations and grid interconnection costs tied to its new Texas facilities. Grid interconnection is the plumbing that connects a power-hungry facility to the electrical network. Someone has to pay for the substations and hookups, and the question of who gets stuck with that bill is a recurring fight between developers, utilities and ratepayers. Intrator’s letter also stressed water. CoreWeave says it will use closed-loop liquid cooling, a system it already runs, to limit how much water its Texas sites consume. The company states that its approach ...