Backer profile · Investor or lender

Knighthead Capital Management, LLC

Knighthead Capital Management is a New York-based investment firm co-founded in 2008 by Tom Wagner and Ara Cohen that specializes in operational and financial turnarounds and manages money through insurance asset management, real estate lending and fund vehicles. Power magazine reported that it has held significant equity in the Homer City site in Indiana County for nearly eight years and will lead financing for the Homer City Energy Campus, where a gas plant of up to 4.5 gigawatts is under construction and Amazon Web Services has filed plans for 36 data centers. Partner Andrew Shannahan spoke for the firm when the campus, with more than $10 billion in planned initial investment, was announced in April 2025.

Scoreboard

Pennsylvania project on our map

1 approved or built

Financier: 1

Approved or built1

In process0

Stopped0

Megawatts named4,400 MWpublished for 1 of 1

Land involved3,200 acrespublished for 1 of 1

Investment announced$10.0 billionpublished for 1 of 1

Permanent jobs claimed1,000claimed for 1 of 1

Water, maximum29 million gal/daypublished for 1 of 1

Counties1Indiana

Earliest project2025first public announcement

Local groups opposing4across its projects

Legal filings2appeals, challenges and suits on file

Community impacts5documented on its projects

News stories20in our coverage log

Projects

Project	Status	Role	Size named
Homer City Energy CampusCenter Township and Blacklick Township, Indiana CountySuggest a correction	Under Construction	Financier	4,400 MW

Sources

Profile Knighthead Capital Management · 2026-10-22
Team Knighthead Capital Management · 2026-10-22
Nation's Largest Gas-Fired Plant Planned at Former Pennsylvania Coal Plant Site Power magazine · 2025-04-02
Homer City Energy Campus No Conshy Data Centers · 2026-10-22
Homer City Redevelopment and Kiewit Announce Country's Largest Natural Gas-Powered Data Center Campus to Support AI and HPC Demand Business Wire · 2025-04-02

Project details, statuses and figures come from each project’s own profile, which lists its sources.

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