This month, Wilmington Trust, N.A., a subsidiary of M&T Bank recognized for its institutional client services and wealth management, announced a significant milestone in partnership with Lancium, an energy technology firm focused on advancing decarbonization and stabilizing the electric grid. The collaboration was highlighted by the completion of a $600 million debt financing package, which was disclosed in October 2025.
Lancium specializes in the development and operation of clean campuses designed to support large-scale digital infrastructure. The financing will primarily fund the 1.2 GW Lancium Clean Campus in Abilene, Texas, which is the inaugural site of the Stargate initiative. This ambitious multi-stakeholder program aims to deploy a network of hyperscale AI data centers across the United States and is backed by major players including SoftBank, OpenAI, Oracle, and MGX.
The Abilene Clean Campus is engineered to power advanced AI and cloud workloads, featuring specialized substations and infrastructure tailored for demanding computing tasks. The funds from this financing round are intended not only to kickstart the Abilene project but also to provide the flexibility needed for additional projects within Lancium’s portfolio. This development aligns with the growing trend of integrating sustainable energy solutions with digital infrastructure.
“This financing marks a pivotal milestone for Lancium,” said Michael McNamara, CEO and Co-founder of Lancium. “Not only does it validate the strength of our platform and assets, but it also creates a scalable foundation to expand digital infrastructure in Texas and beyond. Our Clean Campus in Abilene represents the future of compute, designed for AI and hyperscale, and built to benefit both our partners and the communities we serve.”
The debt financing was orchestrated by Santander Corporate & Investment Banking, which served as the sole structuring bank, underwriter, and administrative agent for the deal. Cantor Fitzgerald also played a crucial role as the sole strategic advisor to Lancium. This partnership underscores the growing importance of financial backing in the rapidly evolving intersection of energy and technology.
“We are proud to support Lancium on this landmark financing,” stated Nuno Andrade, Global Head of Structured Finance Digital Infrastructure and REGAL, as well as the US Head of Structured Finance at Santander. “As AI reshapes the global economy, the convergence of massive compute demand and sustainable power has become unavoidable. Lancium is at the forefront of this intersection, and this novel transaction highlights Santander’s ability to deliver scalable, highly structured financing in the digital space.”
The financing deal signifies not only a strategic move for Lancium but also reflects broader industry trends as companies increasingly seek sustainable and scalable solutions to meet the soaring demand for digital services. As AI technology continues to transform various sectors, the need for efficient energy solutions is becoming more critical.
Wilmington Trust’s involvement in this transaction further cements its role in the sustainable energy and infrastructure landscape. The partnership exemplifies how financial institutions can contribute to advancements in energy technology while supporting innovative infrastructure projects. As the demand for AI-driven services expands, initiatives like the Stargate program and Lancium’s Clean Campus set the stage for a more sustainable and technologically advanced future.
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