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Cartis diligence evidence schedule

Meta Beaver Dam Data Center

PRJ-0042 · Site · Alliant Energy Beaver Dam Commerce Park, Beaver Dam, Wisconsin, United States

Record last updated Oct 28, 2026

Scope and capacity

Meta broke ground in November 2025 on an AI-optimized data center at Beaver Dam Commerce Park. The disclosed project exceeds USD 1 billion and 700,000 square feet, with a 2027 operating target, but Meta has not published IT capacity or a building-by-building plan.

Headline: Not established in published records

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Project status · Groundbreaking achieved; under construction

Actual · Meta Beaver Dam Data Center (Project)

Claim 5987 · Recorded claim type: Actual · Review: Approved · Claim date: Nov 12, 2025

  1. Meta’s 30th Data Center: Delivering AI, Creating Community Benefits, and Supporting Wetlands Restoration

    Meta · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0328 · Company announcement · Recorded authority: Party primary

    Source URL

    https://about.fb.com/news/2025/11/metas-30th-data-center-delivering-ai-supporting-wetlands-restoration/

  2. Meta Announces $1 Billion Data Center Investment in Beaver Dam, Wisconsin Project

    Alliant Energy · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0329 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.alliantenergy.com/news/news-center/2025/11/111225-metabeaverdamannouncement

  3. Meta, State and Local Officials Announce $1 Billion Data Center Investment in Beaver Dam Project

    Wisconsin Economic Development Corporation · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0330 · Government record · Recorded authority: Official primary

    Source URL

    https://wedc.org/meta-state-and-local-officials-announce-1-billion-data-center-investment-in-beaver-dam-project/

Project investment · $>1000000000

Transaction scope · Meta Beaver Dam Data Center (Project)

Claim 5988 · Recorded claim type: Transaction scope · Review: Approved · Claim date: Nov 12, 2025

  1. Meta’s 30th Data Center: Delivering AI, Creating Community Benefits, and Supporting Wetlands Restoration

    Meta · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0328 · Company announcement · Recorded authority: Party primary

    Source URL

    https://about.fb.com/news/2025/11/metas-30th-data-center-delivering-ai-supporting-wetlands-restoration/

  2. Meta Announces $1 Billion Data Center Investment in Beaver Dam, Wisconsin Project

    Alliant Energy · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0329 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.alliantenergy.com/news/news-center/2025/11/111225-metabeaverdamannouncement

  3. Meta, State and Local Officials Announce $1 Billion Data Center Investment in Beaver Dam Project

    Wisconsin Economic Development Corporation · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0330 · Government record · Recorded authority: Official primary

    Source URL

    https://wedc.org/meta-state-and-local-officials-announce-1-billion-data-center-investment-in-beaver-dam-project/

Facility area · >700000 sq. ft.

Reported rounded · Meta Beaver Dam Data Center (Project)

Claim 5989 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Nov 12, 2025

  1. Meta Announces $1 Billion Data Center Investment in Beaver Dam, Wisconsin Project

    Alliant Energy · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0329 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.alliantenergy.com/news/news-center/2025/11/111225-metabeaverdamannouncement

  2. Meta, State and Local Officials Announce $1 Billion Data Center Investment in Beaver Dam Project

    Wisconsin Economic Development Corporation · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0330 · Government record · Recorded authority: Official primary

    Source URL

    https://wedc.org/meta-state-and-local-officials-announce-1-billion-data-center-investment-in-beaver-dam-project/

Online target · 2,027

Forecast · Initial operation target (Phase)

Claim 5990 · Recorded claim type: Forecast · Review: Approved · Claim date: Nov 12, 2025

  1. Meta Announces $1 Billion Data Center Investment in Beaver Dam, Wisconsin Project

    Alliant Energy · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0329 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.alliantenergy.com/news/news-center/2025/11/111225-metabeaverdamannouncement

  2. Meta, State and Local Officials Announce $1 Billion Data Center Investment in Beaver Dam Project

    Wisconsin Economic Development Corporation · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0330 · Government record · Recorded authority: Official primary

    Source URL

    https://wedc.org/meta-state-and-local-officials-announce-1-billion-data-center-investment-in-beaver-dam-project/

Operational jobs · >100 jobs

Forecast · Meta Beaver Dam Data Center (Project)

Claim 5991 · Recorded claim type: Forecast · Review: Approved · Claim date: Nov 12, 2025

  1. Meta’s 30th Data Center: Delivering AI, Creating Community Benefits, and Supporting Wetlands Restoration

    Meta · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0328 · Company announcement · Recorded authority: Party primary

    Source URL

    https://about.fb.com/news/2025/11/metas-30th-data-center-delivering-ai-supporting-wetlands-restoration/

  2. Meta Announces $1 Billion Data Center Investment in Beaver Dam, Wisconsin Project

    Alliant Energy · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0329 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.alliantenergy.com/news/news-center/2025/11/111225-metabeaverdamannouncement

  3. Meta, State and Local Officials Announce $1 Billion Data Center Investment in Beaver Dam Project

    Wisconsin Economic Development Corporation · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0330 · Government record · Recorded authority: Official primary

    Source URL

    https://wedc.org/meta-state-and-local-officials-announce-1-billion-data-center-investment-in-beaver-dam-project/

Peak construction workers · >1000 workers

Forecast · Meta Beaver Dam Data Center (Project)

Claim 5992 · Recorded claim type: Forecast · Review: Approved · Claim date: Nov 12, 2025

  1. Meta’s 30th Data Center: Delivering AI, Creating Community Benefits, and Supporting Wetlands Restoration

    Meta · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0328 · Company announcement · Recorded authority: Party primary

    Source URL

    https://about.fb.com/news/2025/11/metas-30th-data-center-delivering-ai-supporting-wetlands-restoration/

  2. Meta Announces $1 Billion Data Center Investment in Beaver Dam, Wisconsin Project

    Alliant Energy · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0329 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.alliantenergy.com/news/news-center/2025/11/111225-metabeaverdamannouncement

  3. Meta, State and Local Officials Announce $1 Billion Data Center Investment in Beaver Dam Project

    Wisconsin Economic Development Corporation · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0330 · Government record · Recorded authority: Official primary

    Source URL

    https://wedc.org/meta-state-and-local-officials-announce-1-billion-data-center-investment-in-beaver-dam-project/

Energy infrastructure underwrite · $~200000000

Transaction scope · Meta Beaver Dam Data Center (Project)

Claim 5993 · Recorded claim type: Transaction scope · Review: Approved · Claim date: Nov 12, 2025

  1. Meta’s 30th Data Center: Delivering AI, Creating Community Benefits, and Supporting Wetlands Restoration

    Meta · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0328 · Company announcement · Recorded authority: Party primary

    Source URL

    https://about.fb.com/news/2025/11/metas-30th-data-center-delivering-ai-supporting-wetlands-restoration/

  2. Meta Announces $1 Billion Data Center Investment in Beaver Dam, Wisconsin Project

    Alliant Energy · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0329 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.alliantenergy.com/news/news-center/2025/11/111225-metabeaverdamannouncement

  3. Meta, State and Local Officials Announce $1 Billion Data Center Investment in Beaver Dam Project

    Wisconsin Economic Development Corporation · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0330 · Government record · Recorded authority: Official primary

    Source URL

    https://wedc.org/meta-state-and-local-officials-announce-1-billion-data-center-investment-in-beaver-dam-project/

Electricity matching target · 100 percent

Forecast · Meta Beaver Dam Data Center (Project)

Claim 5994 · Recorded claim type: Forecast · Review: Approved · Claim date: Nov 12, 2025

  1. Meta’s 30th Data Center: Delivering AI, Creating Community Benefits, and Supporting Wetlands Restoration

    Meta · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0328 · Company announcement · Recorded authority: Party primary

    Source URL

    https://about.fb.com/news/2025/11/metas-30th-data-center-delivering-ai-supporting-wetlands-restoration/

  2. Meta Announces $1 Billion Data Center Investment in Beaver Dam, Wisconsin Project

    Alliant Energy · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0329 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.alliantenergy.com/news/news-center/2025/11/111225-metabeaverdamannouncement

  3. Meta, State and Local Officials Announce $1 Billion Data Center Investment in Beaver Dam Project

    Wisconsin Economic Development Corporation · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0330 · Government record · Recorded authority: Official primary

    Source URL

    https://wedc.org/meta-state-and-local-officials-announce-1-billion-data-center-investment-in-beaver-dam-project/

Cooling design · Closed loop liquid cooling with dry coolers

Design · Meta Beaver Dam Data Center (Project)

Claim 5995 · Recorded claim type: Design · Review: Approved · Claim date: Not stated

  1. Meta’s 30th Data Center: Delivering AI, Creating Community Benefits, and Supporting Wetlands Restoration

    Meta · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0328 · Company announcement · Recorded authority: Party primary

    Source URL

    https://about.fb.com/news/2025/11/metas-30th-data-center-delivering-ai-supporting-wetlands-restoration/

  2. Advancing Water Stewardship at Meta’s Data Centers

    Meta · Document date: Not stated · Corroborating

    Source reference: SRC-0331 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://about.fb.com/news/2025/12/advancing-water-stewardship-in-metas-data-center-communities/

Cooling water demand · No routine water demand for cooling once operational

Design · Meta Beaver Dam Data Center (Project)

Claim 5996 · Recorded claim type: Design · Review: Approved · Claim date: Nov 12, 2025

  1. Meta’s 30th Data Center: Delivering AI, Creating Community Benefits, and Supporting Wetlands Restoration

    Meta · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0328 · Company announcement · Recorded authority: Party primary

    Source URL

    https://about.fb.com/news/2025/11/metas-30th-data-center-delivering-ai-supporting-wetlands-restoration/

  2. Meta Announces $1 Billion Data Center Investment in Beaver Dam, Wisconsin Project

    Alliant Energy · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0329 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.alliantenergy.com/news/news-center/2025/11/111225-metabeaverdamannouncement

Water restoration target · 100 percent

Forecast · Meta Beaver Dam Data Center (Project)

Claim 5997 · Recorded claim type: Forecast · Review: Approved · Claim date: Nov 12, 2025

  1. Meta’s 30th Data Center: Delivering AI, Creating Community Benefits, and Supporting Wetlands Restoration

    Meta · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0328 · Company announcement · Recorded authority: Party primary

    Source URL

    https://about.fb.com/news/2025/11/metas-30th-data-center-delivering-ai-supporting-wetlands-restoration/

  2. Meta Announces $1 Billion Data Center Investment in Beaver Dam, Wisconsin Project

    Alliant Energy · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0329 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.alliantenergy.com/news/news-center/2025/11/111225-metabeaverdamannouncement

  3. Meta, State and Local Officials Announce $1 Billion Data Center Investment in Beaver Dam Project

    Wisconsin Economic Development Corporation · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0330 · Government record · Recorded authority: Official primary

    Source URL

    https://wedc.org/meta-state-and-local-officials-announce-1-billion-data-center-investment-in-beaver-dam-project/

Wetland and prairie restoration · 570 acres

Forecast · Meta Beaver Dam Data Center (Project)

Claim 5998 · Recorded claim type: Forecast · Review: Approved · Claim date: Nov 12, 2025

  1. Meta’s 30th Data Center: Delivering AI, Creating Community Benefits, and Supporting Wetlands Restoration

    Meta · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0328 · Company announcement · Recorded authority: Party primary

    Source URL

    https://about.fb.com/news/2025/11/metas-30th-data-center-delivering-ai-supporting-wetlands-restoration/

  2. Meta Announces $1 Billion Data Center Investment in Beaver Dam, Wisconsin Project

    Alliant Energy · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0329 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.alliantenergy.com/news/news-center/2025/11/111225-metabeaverdamannouncement

  3. Meta, State and Local Officials Announce $1 Billion Data Center Investment in Beaver Dam Project

    Wisconsin Economic Development Corporation · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0330 · Government record · Recorded authority: Official primary

    Source URL

    https://wedc.org/meta-state-and-local-officials-announce-1-billion-data-center-investment-in-beaver-dam-project/

Conservation land transfer · 175 acres

Forecast · Meta Beaver Dam Data Center (Project)

Claim 5999 · Recorded claim type: Forecast · Review: Approved · Claim date: Nov 12, 2025

  1. Meta’s 30th Data Center: Delivering AI, Creating Community Benefits, and Supporting Wetlands Restoration

    Meta · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0328 · Company announcement · Recorded authority: Party primary

    Source URL

    https://about.fb.com/news/2025/11/metas-30th-data-center-delivering-ai-supporting-wetlands-restoration/

  2. Meta Announces $1 Billion Data Center Investment in Beaver Dam, Wisconsin Project

    Alliant Energy · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0329 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.alliantenergy.com/news/news-center/2025/11/111225-metabeaverdamannouncement

  3. Meta, State and Local Officials Announce $1 Billion Data Center Investment in Beaver Dam Project

    Wisconsin Economic Development Corporation · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0330 · Government record · Recorded authority: Official primary

    Source URL

    https://wedc.org/meta-state-and-local-officials-announce-1-billion-data-center-investment-in-beaver-dam-project/

Leed target · LEED Gold

Forecast · Meta Beaver Dam Data Center (Project)

Claim 6000 · Recorded claim type: Forecast · Review: Approved · Claim date: Nov 12, 2025

  1. Meta’s 30th Data Center: Delivering AI, Creating Community Benefits, and Supporting Wetlands Restoration

    Meta · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0328 · Company announcement · Recorded authority: Party primary

    Source URL

    https://about.fb.com/news/2025/11/metas-30th-data-center-delivering-ai-supporting-wetlands-restoration/

  2. Meta Announces $1 Billion Data Center Investment in Beaver Dam, Wisconsin Project

    Alliant Energy · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0329 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.alliantenergy.com/news/news-center/2025/11/111225-metabeaverdamannouncement

  3. Meta, State and Local Officials Announce $1 Billion Data Center Investment in Beaver Dam Project

    Wisconsin Economic Development Corporation · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0330 · Government record · Recorded authority: Official primary

    Source URL

    https://wedc.org/meta-state-and-local-officials-announce-1-billion-data-center-investment-in-beaver-dam-project/

IT capacity · —

Proposal · Meta Beaver Dam Data Center (Project)

Claim 6001 · Recorded claim type: Proposal · Review: Approved · Claim date: Nov 12, 2025

  1. Meta’s 30th Data Center: Delivering AI, Creating Community Benefits, and Supporting Wetlands Restoration

    Meta · Document date: Nov 12, 2025 · Primary

    Source reference: SRC-0328 · Company announcement · Recorded authority: Party primary

    Source URL

    https://about.fb.com/news/2025/11/metas-30th-data-center-delivering-ai-supporting-wetlands-restoration/

  2. Meta Announces $1 Billion Data Center Investment in Beaver Dam, Wisconsin Project

    Alliant Energy · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0329 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.alliantenergy.com/news/news-center/2025/11/111225-metabeaverdamannouncement

  3. Meta, State and Local Officials Announce $1 Billion Data Center Investment in Beaver Dam Project

    Wisconsin Economic Development Corporation · Document date: Nov 12, 2025 · Corroborating

    Source reference: SRC-0330 · Government record · Recorded authority: Official primary

    Source URL

    https://wedc.org/meta-state-and-local-officials-announce-1-billion-data-center-investment-in-beaver-dam-project/

Counterparties and capital

Alliant Energy / Wisconsin Power and Light Company · Utility provider · CMP-0198

City of Beaver Dam · Government authority · CMP-0199

Degas LLC · Owner · CMP-0202

Meta Platforms, Inc. · Investor · CMP-0083

Wisconsin Economic Development Corporation · Government authority · CMP-0200

Investment commitment

Amount not disclosed · Nov 12, 2025

Announced project investment; not realized spend and excludes separate supporting-energy amount unless source later reconciles it. Source wording: announced investment exceeds USD 1 billion.

Meta Platforms, Inc. (Sponsor)

Sources (3)

Financing record 33; claim-specific source links appear in the exhibit sources where published.

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.