- Assemblage
- The practice of combining several separately owned parcels into a single developable footprint large enough for a campus. Its central challenge is the holdout problem, defended against through discretion, intermediaries, and options made contingent on securing the whole site.
- Deliverable (firm) capacity
- Electrical capacity that is contracted and available on a known timeline, as opposed to a mere queue position or an informal assurance. Firmness sits on a spectrum from energized-and-contracted down to a hand-wave, and each step down sharply discounts the land's value.
- Dollars per megawatt
- The practitioner's working unit for pricing powered land: the all-in basis (land price plus the cost of making the power real) divided by the megawatts of firm capacity the site can deliver. It replaces dollars per acre because it captures what the buyer is actually purchasing.
- Entitlement
- The stack of legal permissions, zoning, special-use permits, environmental clearances, and site approvals, required to build and operate a campus on a parcel. Governed by local politics and public process, it is the half of the equation that must resolve favorably alongside power for land to be truly valuable.
- Interconnection cost
- The price a developer must pay for the grid upgrades, substation contributions, and transmission work needed to deliver firm power to a site, as determined by the utility's study. It frequently dwarfs the land price and must be folded into any honest per-megawatt basis.
- Land banking (strategic)
- Acquiring or controlling a parcel early in order to advance its power and entitlement position during the holding period, so that a de-risked, near-shovel-ready powered site exists when demand arrives. The value comes from compressed time and reduced risk, not from passive land appreciation.
- Land option
- An agreement in which a developer pays a premium for the exclusive right, but not the obligation, to buy a parcel at a fixed price within a defined window. It lets the developer resolve power and permitting uncertainty while risking only the premium, keeping capital free and downside bounded.
- Powered land
- A parcel valued primarily for its access to firm, deliverable electrical capacity rather than its surface characteristics. In this market the power path, not the acreage, dominates the parcel's worth, which is why such land is priced per megawatt rather than per acre.