Tuesday, April 9, 2024

STACK reaches $3.3B in green financing for global data centers

Global data center developer and operator STACK Infrastructure announced securing $3.3 billion in green financing to fund eco-friendly data center construction worldwide. This significant capital injection highlights STACK's commitment to sustainable practices and aligns with growing investor demand for environmentally responsible projects.

Key Highlights:

  • $3.3 billion secured in green financing for global data center development.
  • Funds will be used to build water and energy-efficient data centers with features like low-carbon materials and electric vehicle charging stations.
  • STACK prioritizes responsible development, aiming to benefit surrounding communities through job creation and environmental initiatives.

Global Expansion:

The $3.3 billion will be allocated to projects across various regions, including Silicon Valley ($1.4 billion), Loudoun County, Virginia ($750 million), and Milan, Italy ($1.2 billion). These data centers will support the growing demand for cloud computing, artificial intelligence, and other cutting-edge technologies.

Significant opportunities include:

  • A 48MW Santa Clara data center, featuring immediately available shell space powered by an onsite substation with rare, contracted capacity.
  • A 56MW Toronto campus, spanning 19 acres, including an existing 8MW data center and 48MW expansion capacity, all supported by committed power.
  • A 48MW build-to-suit opportunity in the Dallas/Fort Worth area, boasting abundant power and connectivity options.
  • A 200MW campus in Portland spanning 55 acres with 24MW of available capacity with committed power.
  • A New Albany, Ohio 58MW data center campus with immediately available capacity and build-to-suit expansion opportunities.
  • A planned five-building data center campus offering 250MW of scale in Central Phoenix with a dedicated on-site substation.
  • A strategically located data center campus in Osaka, Japan with 72MW of capacity across three planned buildings.
  • A 30MW data center campus in Stockholm with 18MW under development.