St. Joseph County

TEG Daily’s latest from St. Joseph County

• Nov 10NextNRG's $22 Million South Bend Energy-Compute Land Deal Carries Its Own Financing RiskMiami-based NextNRG signed a non-binding term sheet with Envision South Bend LLC to buy about 33 acres near Lonewolf Drive for $22 million, structured as $500,000 cash, $10 million in preferred stock, and $11.5 million in debt, to build a 70-100 megawatt "Lone Wolf Energy Center" with on-site generation and container-sized compute units.
• Nov 4AEP Creates AEP Infrastructure Unit as Indiana Michigan Power Races to Serve 3.1 GW of Data Center LoadAmerican Electric Power announced Nov.
• Nov 2Studebaker Museum's 'Motor City, Indiana' Exhibit Sits Two Miles From a Stalled Samsung SDI Battery PlantThe Studebaker National Museum in South Bend opened "Motor City, Indiana," an exhibit running through January 31 that documents early auto manufacturers across South Bend, Mishawaka and Elkhart.
• Oct 28Samsung SDI's New Carlisle Takeover Reopens St. Joseph County's Incentive DealSamsung SDI has acquired General Motors' ownership stake in the $3.5 billion battery plant under construction in New Carlisle, making the site the company's first wholly owned battery production plant in North America.
• Oct 24Samsung SDI Takes Full Ownership of the New Carlisle Indiana Battery PlantSamsung SDI acquired General Motors' stake in the New Carlisle battery plant, making the $3.5 billion facility its first wholly owned battery-production operation in North America.
• Oct 13United Petfood's $24.2 Million Arkansas Deal Keeps Mishawaka as the FlagshipUnited Petfood, the Ghent, Belgium-based private-label pet food manufacturer, closed on a 98,063-square-foot dry pet food plant in Decatur, Arkansas on October 5, paying $24.22 million for the facility and 46 acres along Arkansas Highway 59.