Wulf Compute Data Center II (NYISO-1732) — Project Summary

Queue ID
NYISO-1732
Capacity
250 MW
Technology
Other
Status
active
Location
Niagara, NY
Region
NYISO
Developer
TeraWulf Brookings LLC
IA Status

Wulf Compute Data Center II

NYISO-1732BetaActiveLNYISOLive · NYISO

250 MW generation in Niagara, NY · In queue since March 2025

BA: NYISISO/RTO: NYISONERC: NPCCRC: NYIS

250 MW

Capacity

0

Components

1y 4m

In Queue

IA Status

Interconnection

Total Duration

1y 4m

Pre-Study0%
Queue EntryMar 29, 2025

Interconnection request submitted to ISO/RTO

TCS Study

NYISO transitioned to a Transitional Cluster Study (TCS) format in 2024.

Typical: >42 months (historical); ~24 months target

Interconnection Agreement

Interconnection agreement not yet executed

Typical: 30–60 days (negotiation)

Commercial Operation

Commercial operation date not yet determined

Cross-source intelligence
Beta
Medium confidence·3 sources·as of 2026-06-01
Expected COD
Developer
TeraWulf Inc.
Filed as TeraWulf Brookings LLC
Status
Active
Active — early-stage development with interconnection queue filed March 2025, no construction timeline announced yet
Financing
In progress
$3.2 billion debt offering announced October 2025 with Morgan Stanley, supporting TeraWulf's broader data center expansion portfolio
Key milestones
Financing closeOct 2025Most recent

TeraWulf announced $3.2B debt offering with Morgan Stanley for data center expansion

source
Project lifecycle
as of 2025-11-08
OperationalNoInside Climate News · 2025-11-08
TechnologyotherInside Climate News · 2025-11-08
DeveloperTeraWulfInside Climate News · 2025-11-08
DelayAnnouncedInside Climate News · 2025-11-08
Permit decisionpendingInside Climate News · 2025-11-08
About

The proposed Wulf Compute Data Center II project is a 250 MW generation project located in Niagara County, New York. The project, developed by TeraWulf Brookings LLC, is listed in the NYISO interconnection queue as queue ID NYISO-1732, with a queue entry date of March 29, 2025. The point of interconnection is the Kintigh 345kV sub-station, and the project's technology is categorized as "Other" with a technology detail of "L".

The Wulf Compute Data Center II project is currently listed as "active" in the NYISO queue. The project has been the subject of recent news coverage, with eight articles categorized as industry news, deals, and regulatory matters.

Generated from interconnection queue and public data sources

Development Risk

Realization risk before commercial operation — cluster-study clearance, IA timing, counterparty mix, and withdrawal probability vs cohort. The diligence view that determines whether this project is worth pursuing. Powered by InfraSure's development-stage modeling stack.

Available on the InfraSure platform

See the full development-risk decomposition for this project.

P(COD by stated date)
Withdrawal probability vs cohort
IA cluster risk
Project Details

State

NY

County

Niagara

Grid Region

NYISO (New York)

Market

ISO/RTO Member

Developer

TeraWulf Brookings LLC

Utility

NYSEG

Entity

NYISO

Service Type

Point of Interconnection

Kintigh 345kV sub-station

Data Source

Live · NYISO

DeveloperTeraWulf Inc.Ithaca.com · 2025-10-05
ApplicantTeraWulfInside Climate News · 2025-11-08
AgencyLansing Town BoardInside Climate News · 2025-11-08
RulingProposed ruleInside Climate News · 2025-11-08
TransactionDebt financingTeraWulf · 2025-10-14
Deal value$3.2BTeraWulf · 2025-10-14
OfftakerTeraWulf Inc.Ithaca.com · 2025-10-05
LenderMorgan StanleyTeraWulf · 2025-10-14
Risk Analytics

Composite operating-phase risk view — what this asset's risk profile would look like once it reaches commercial operation. Climate hazards across its operating life, expected generation variability, and offtake counterparty exposure, decomposed into a single decision-grade score. Powered by InfraRisk.

Available on the InfraSure platform

See the full risk decomposition + scenarios for this project.

Climate hazards (8+)
Generation variability (P10/P50/P90)
Offtake + transmission counterparty
Generation Forecast

Forward generation outlook — what this project would produce assuming it reaches commercial operation. Probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios, conditioned on the proposed COD. Powered by InfraSure's generation modeling stack.

Available on the InfraSure platform

See the full forecast + scenario decomposition for this project.

P50 conditioned on COD
Capacity factor vs cohort
Weather + policy scenarios
Financial Forecast

Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. The bankability view that determines whether the deal clears its covenants once online. Powered by InfraSure's asset cashflow stack.

Available on the InfraSure platform

See the full revenue + DSCR projection for this project.

Revenue conditioned on COD
Financing close risk
Cohort DSCR comparison
Market Context
Approximate
ISO / RTO
NYISO
Trading Hub
ZONE A
Hub Confidence
HIGH
POI Substation
Keith Substation

This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.

Insights & Articles (3)Beta

Last updated 2026-03-26

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InfraSure platform

Forward forecasts, scenario decomposition, and risk-decision tooling for this queue project.