Research Briefing — March 2026

Findlay's Quiet Emergence as a Data Center Corridor Nexus

Allen Township, Hancock County, Ohio sits at the center of what may be Northwest Ohio's next hyperscale data center corridor. The evidence is hiding in plain sight.

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The Scale of What's Converging

150 MW
Leased to one mystery customer
15 yr
Take-or-pay contract
$1.3B+
Nearby data center investment
$318M
Basalt paid for OnSite Partners

One Power's Megawatt Hub

At 12385 Township Road 215 in Allen Township sits the first fully digital, plug-and-play, transmission-voltage substation in the United States. Connected to a 138 kV transmission line, it was commissioned in September 2023 with 30 MW initial capacity expandable to 150 MW.

According to One Power's SEC S-1 filing, the full 150 MW has been leased to a single undisclosed customer under a 15-year take-or-pay contract. Monthly payments are due regardless of whether power is drawn. At 150 MW, this is squarely in the range of a mid-size hyperscaler data center campus.

The facility initially hosted crypto mining in mobile computing units — but a 15-year, 150 MW commitment suggests this was always intended for something much larger. One Power's marketing explicitly listed data centers as a primary target market.

A Deliberate Buildout

September 2024
Basalt acquires OnSite Partners from AEP for $318M
OnSite was originally AEP's own behind-the-meter subsidiary. Basalt's portfolio already includes towers, fiber, and solar — a vertically integrated digital infrastructure stack.
June 2025
OnSite, AEP & Basalt announce data center power collaboration
The partnership targets Bloom Energy fuel cells to provide distributed, low-carbon power specifically for data center customers, bypassing slow utility interconnection timelines.
July 2025
AEP's data center tariff approved & moratorium lifted
New data center customers over 25 MW must commit to 85% minimum capacity purchases under 12-year contracts. AEP had 50+ data centers (30,000+ MW) in its queue.
September 2025
One Power enters financial distress
After a failed $300M SPAC and withdrawn $100M IPO, mass layoffs hit and reorganization begins with lenders and creditors.
February 2026
OnSite Partners acquires One Power
OnSite gains the Findlay Megawatt Hub, digital substation technology, construction crews, and land rights for future sites across Ohio. Just 8 months after announcing a data center mandate.

The I-75 Data Center Corridor

Hancock County sits exactly between two confirmed hyperscaler campuses. The corridor benefits from Marcellus/Utica shale gas infrastructure, Lake Erie water access, and major New York–Chicago fiber backbone routes.

I – 7 5   C O R R I D O R
Meta
Wood County — 35 mi north
$800M+ • 280 acres • 350 MW gas plant
??? → OnSite / One Power
Allen Township, Hancock County
150 MW • Digital substation • Mystery tenant
Google — "Project BOSC"
Allen County — 30 mi south
$500M • 200+ acres • 115 generators

AEP's Decade-Long Transmission Buildout

Whether or not a data center has been announced, AEP's investment in Hancock County is extraordinary. At least six distinct projects have been completed or are underway.

Fostoria–East Lima 138 kV Rebuild

41-mile backbone upgrade through Hancock County. Directly links Findlay to Google's data center area. Phase 2 completes summer 2027.

Findlay Area Improvements

20+ miles of 69 kV line rebuilds west and east of I-75 to "strengthen the local power grid and support economic development."

⦿

Ebersole Station

New $11.2M 138 kV substation built 1.7 miles from Findlay to "provide capacity for economic growth."

Three More Substations

Oilers, Boutwell, and Dunkirk-Berwick: new substations and 25-mile voltage upgrades spanning four counties.

Findlay Commerce Park (148 acres at I-75/CR 99) has been an AEP Qualified Data Center Site since 2013 — one of only nine in AEP's 11-state territory.

Basalt's Vertically Integrated Stack

Basalt Infrastructure Partners isn't just a financial sponsor. Its portfolio assembles every layer needed for hyperscale digital infrastructure.

Skyway Towers

Wireless tower infrastructure for connectivity backbone.

Fatbeam

Fiber optic networks providing high-bandwidth data transport.

Habitat Solar

Utility-scale solar generation for low-carbon power supply.

OnSite Partners

90+ behind-the-meter energy projects, 250+ MW across 21 states. Now with One Power's digital substation tech.

Who Leased 150 MW for 15 Years?

The SEC S-1 filing explicitly withholds the name, noting only that One Power may contract with customers' "special purpose entities." At 150 MW, this matches a mid-size hyperscaler campus. The initial crypto mining may have been a placeholder load — a pattern seen nationally while full buildouts are prepared.

The Zoning Battle That Will Shape Everything

Allen Township was previously completely unzoned. Residents organized as "Allen Township Neighbors" and passed zoning on May 6, 2025, with 58% support — primarily motivated by One Power's wind turbine construction near homes.

One Power challenged the vote in court and lost every motion. But the fight continues: a referendum on May 5, 2026 could overturn zoning entirely. The "Make Allen Great Again Coalition, LLC" opposes zoning, and One Power argued it would "stifle future expansion."

The timing is critical. OnSite acquired One Power in February 2026. The zoning vote is May 2026. If it fails, Allen Township reverts to unzoned status, and any project with a county building permit can proceed by right — with essentially zero local regulatory friction.

Critical Dates to Watch

Hiding in Plain Sight

No data center has been publicly announced in Allen Township. But the convergence is unmistakable: a 150 MW mystery lease, an acquisition by a firm with an explicit data center mandate, a parent company whose portfolio forms a complete digital infrastructure stack, AEP's decade-long transmission buildout, placement midway between two confirmed hyperscalers, and a zoning battle whose outcome determines local oversight.


The strongest indicator isn't any single data point — it's the systematic behind-the-meter strategy that allows development to proceed almost entirely outside public view. If a data center is coming to Allen Township, it may not appear in any public filing until well after the power infrastructure is operational.