SEDCO, ONCOR shake hands on new electric substation
11 May 2023
5/11/2023 (Michael Hutchins, Herald Democrat)
A new six-acre electric substation could come in the new future for south Sherman. The Sherman Economic Development Corp Board of Directors unanimously agreed Tuesday to sell 6.31 acres of land out of the Progress Park V industrial Park for the construction of a new substation that will service future facilities for both Texas Instruments and Global Wafers.
Both companies are currently constructing new multi-billion-dollar production facilities in south Sherman that are expected begin production in the next few years. Once these facilities are online, they will need adequate power in order to operate.
“We’ve got to have the electrical infrastructure up there and time is of the essence so everyone is rushing to get that infrastructure in,” SEDCO President Kent Sharp said Tuesday.
In mid-2021, Texas Instruments announced plans to build a new $30 billion facility semiconductor production site near its current plant. Less than a year later, GlobalWafers, parent company of GlobiTech, announced its own plans to build a $5 billion facility aimed at silicon wafer production.
The proposed substation will be located on Howe Drive, across the street from a smaller station. Sharp noted that he isn’t certain if both substations will be needed in order to feed the two facilities