1623 Farnam’s Post

For DigitalBridge Group, data centers are a significant part of its growth trajectory. At the end of the quarter, the company had investments in 10 portfolio companies, led by Switch, Scala, Vantage and DataBank, that own and operate nearly 300 data center and edge infrastructure facilities in the U.S., Canada, South America, Europe, and Southeast Asia.  The company’s 2024 guidance included over $11 billion in data center capex globally based on bookings during 2023 and early 2024. One DigitalBridge portfolio company recently signed a 100+ megawatt lease, adding another $1 billion in incremental capex.  “With roughly 2.2 gigawatts under construction at $10 million a megawatt, that’s over $20 billion over the next few years in new capex commitments,” states Marc Ganzi, DigitalBridge CEO, during the company’s 1Q24 earnings call. While the data centers have power supply commitments for the 2.2 GW under construction, Ganzi points out that the order pipeline is over 5 GW today and growing. Citing finite power capacity for data centers in the U.S. and Europe, he raised the flag saying, “We’re kind of running out of power in the next 18 to 24 months.”  #digitalinfrastructure #datacenters #power #capex

🚀 Prologis Embarks on an $8 Billion Data Center Expansion! 🌐 Prologis the largest U.S. REIT, is making a monumental shift into the data center sector with a planned investment of $7-8 billion over the next five years. This move underscores Prologis’ commitment to the future of digital infrastructure and sustainable energy. Key Highlights: •Massive Investment: Prologis plans to allocate $7-8 billion to launch its data center business, focusing on both property development and securing power resources. •Power Focus: With contracts for 1.3 gigawatts of power and negotiations for an additional 1.5 GW, Prologis is ensuring a stable power supply for its data centers, critical for the growing demands of AI and cloud computing. •Global Reach: Leveraging its 1.2 billion SF of industrial space across 19 countries, Prologis aims to energize up to 7,900 acres for data center development. •Sustainable Approach: Committed to net-zero emissions by 2040, Prologis is integrating renewable energy solutions like solar and energy storage into its operations. Insight from Chris Curtis Global Head of Data Centers: “Prologis will not be a utility, but acquiring large power is central to our strategy. Our customers, the largest tech companies in the world, see the value in a strategic partnership with Prologis due to our scale, capital markets acumen, and extensive portfolio.” Market Impact: •High Demand: The demand for data centers is skyrocketing, driven by the proliferation of AI and internet-connected devices. Data centers are projected to account for 6% of all U.S. electricity usage by 2028. •Sustainable Energy: Prologis is focusing on renewable energy through its Prologis Essentials program, aiming to deploy 1,000 MW of solar energy, storage, and EV charging stations by the end of next year. Prologis’ Vision: With a blend of strategic property development, robust power acquisition, and a sustainable energy focus, Prologis is poised to lead the data center sector into a new era of growth and innovation. How do you think the integration of sustainable energy solutions will impact the future of data center development? #Prologis #DataCenter #RealEstate #SustainableEnergy #AI #Technology #DigitalInfrastructure #RenewableEnergy #CRE #BusinessGrowth Bisnow

🚀 Data Center Alley ignites a revolution! 🌏💡 Imagine an area where 65-70% of the world's internet traffic pulses through its veins every day. 🌐 Welcome to Eastern Loudoun County, VA - nicknamed 'Data Center Alley', this techie powerhouse has become the globe's digital beating heart. But with great power, comes great power demand. 💡 In an unexpected twist, Ashburn's very own Mike Turner, a visionary on the county's board of supervisors, champions a bold move away from old-school energy. 🌟 His perspective? It's time for onsite energy solutions! As Turner's ground-breaking white paper outlines, the relentless energy appetite of data centers could outstrip any utility's ability to keep up. ⚠️ But why settle for just more transmission when we can think out of the box? While some might cling to the comfort of 20th-century grid models, Turner urges a radical shift towards onsite, carbon-net-zero power generation. This isn't merely innovation; it's survival for a community grappling with the reality of infrastructural limitations and environmental impact. 🌲 The message is clear - our digital future needs sustainable powering to thrive. Not only will this bolster grid resiliency, but it also offers non-data center customers some much-needed relief through lower rates. Imagine data centers not just consuming power but contributing it back during off-peak times! 🔄 Let's face it, no single solution can tackle this head-on, but Turner's call to action paves the way for conversation and change. It's high time data centers and utilities synchronize their watches with the ticking climate change clock. 🕒 Subscribe to the Energy Changemakers Newsletter for updates on these turn-tide solutions and be part of reshaping our digital future. Together, it's time to act! #DataCenter #SustainableEnergy #Innovation

Big Tech drives staggering power demand projections. Is it all hype? The potential for heavy spending by utilities to meet data center demands is alarming consumer groups and industry analysts. Summary: The rapid growth of data centers, driven by increasing demand from big tech companies and AI, is creating significant projections for electricity demand across the U.S. Utility companies are reporting staggering increases, with some predicting up to a 40% rise in demand by 2030. This surge in demand is particularly evident in regions like Northern Virginia, where data center expansion is described as accelerating by “orders of magnitude.” Utility executives are enthusiastic about these developments, seeing opportunities for massive infrastructure investments that can broaden their customer base and potentially lower the cost per unit of energy. However, this optimism is tempered by skepticism from consumer groups and industry analysts who caution against the potential risks associated with overestimating demand. Historical precedents, such as the overhyped internet-related power demand in the late 1990s, serve as a reminder that projections can sometimes be wildly inaccurate. The concerns are multifaceted. If utilities overbuild capacity based on demand that never fully materializes, consumers could be left footing the bill for unnecessary infrastructure. This is particularly troubling given that many consumers are already facing significant increases in their electric bills. In states like Wisconsin and Indiana, utilities are proposing tariff changes and new infrastructure investments to accommodate the anticipated surge in demand from data centers. However, consumer advocates are calling for a more cautious approach, emphasizing the need for smaller, cleaner solutions like distributed energy, energy efficiency, and demand response, rather than rushing to build large new power plants. The potential for AI and data centers to drive over a trillion dollars in infrastructure spending in the next five years underscores the magnitude of this issue. However, as utilities and regulators navigate this new landscape, the balance between meeting future demand and protecting consumers from unnecessary costs will be critical. The question remains: Is this explosive growth in data center power demand a real and sustainable trend, or is it another instance of industry hype? #DataCenters #EnergyDemand #BigTech #UtilityInfrastructure #ConsumerProtection #AIBoom #EnergyEfficiency #DistributedEnergy #Sustainability #PowerGrid https://lnkd.in/g5p9fcrZ

Latin America presents an untapped opportunity for data center expansion, boasting prime locations with unique advantages. Our proposal focuses on promoting data center sites in Latin America that offer 100% renewable energy, extensive lands, and unlimited water resources for cooling. Leveraging these natural assets, we aim to position Latin America as the ideal destination for sustainable and scalable data infrastructure. 1. **Renewable Energy:** Latin America is at the forefront of renewable energy production. With abundant sunlight and rivers, the region offers consistent access to solar and hydro power. Data centers located here can operate on 100% renewable energy, ensuring sustainability and environmental responsibility. This aligns with the growing global demand for eco-friendly data solutions. 2. **Extensive Lands:** Our data center locations in Latin America provide vast expanses of land, offering flexibility for expansion and development. With ample space available, businesses can scale their operations without constraints, accommodating future growth and technological advancements. This scalability minimizes the risk of land scarcity and allows for efficient infrastructure planning. 3. **Unlimited River and underground Water Resources for Cooling:** The presence of rivers and aquifers in Latin America presents a natural advantage for data center cooling. Water is a highly efficient and cost-effective cooling solution, and our locations offer unlimited access to river resources. This ensures optimal operating conditions for servers, enhancing performance and reliability while reducing energy consumption. Additionally, water-based cooling systems contribute to lower operational costs and carbon emissions compared to traditional air-cooled facilities. 4.** Fast Track Government approvals: governmental support to technological initiatives including preferable taxation and incentives, fast track approvals, safe and friendly foreign investment environment. Stable economy. Latin America offers a compelling proposition for businesses seeking sustainable, scalable, and reliable data center solutions. With 100% renewable energy, extensive lands, and unlimited water resources for cooling, our locations provide a strategic advantage in today's data-driven world. By positioning Latin America as the premier destination for data infrastructure investment, we aim to drive innovation, economic growth, and environmental stewardship in the region and beyond. See our locations in www.mcastallion.com #datacenter #colocation #AI #renewableenergy #LATAM

𝗗𝗼 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘄𝗵𝗲𝗿𝗲 𝗘𝘂𝗿𝗼𝗽𝗲’𝘀 𝗹𝗮𝗿𝗴𝗲𝘀𝘁 𝗱𝗮𝘁𝗮 𝗰𝗲𝗻𝘁𝗲𝗿 𝗶𝘀 𝗹𝗼𝗰𝗮𝘁𝗲𝗱? 𝗜𝘁’𝘀 Start Campus 𝗼𝗻 𝘁𝗵𝗲 𝗰𝗼𝗮𝘀𝘁 𝗼𝗳 𝗣𝗼𝗿𝘁𝘂𝗴𝗮𝗹 𝗶𝗻 𝗦𝗶𝗻𝗲𝘀, 𝗰. 𝟵𝟬𝗸𝗺 𝗳𝗿𝗼𝗺 𝗟𝗶𝘀𝗯𝗼𝗻, 𝗣𝗼𝗿𝘁𝘂𝗴𝗮𝗹, 𝗮𝗻𝗱 𝗶𝘁’𝘀 𝗻𝗼𝘄 𝗺𝗮𝗸𝗶𝗻𝗴 𝗵𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀 𝘄𝗶𝘁𝗵 𝗮𝗻 𝗶𝗺𝗽𝗿𝗲𝘀𝘀𝗶𝘃𝗲 𝟭.𝟮𝗚𝗪 𝗼𝗳 𝗽𝗼𝘄𝗲𝗿 𝗰𝗮𝗽𝗮𝗰𝗶𝘁𝘆. ✔ 𝗙𝘂𝗹𝗹𝘆 𝘀𝗲𝗰𝘂𝗿𝗲𝗱 𝗽𝗼𝘄𝗲𝗿: Now the top colocation site in Europe with guaranteed grid power. ✔𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝘃𝗲 𝗴𝗿𝗼𝘄𝘁𝗵: Six buildings planned; first to be operational by Q4 2024 with a 14MW IT capacity, expandable to 26MW. ✔🌊 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗰𝗼𝗼𝗹𝗶𝗻𝗴: Uses #Nautilustechnology to cool with seawater for eco-friendly operations. ✔ 𝗙𝘂𝘁𝘂𝗿𝗲 𝘃𝗶𝘀𝗶𝗼𝗻: All six buildings set to be operational by 2030, with each supporting up to 240MW. ✔ 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝘂𝗽𝗱𝗮𝘁𝗲: Robert Dunn appointed as permanent CEO. https://lnkd.in/gEjBhyGa #datacenters #techinnovation #sustainability #europeantech #energyefficiency #datacenternews

New investment in Australian Data Centre capacity is forecast to top $26 billion by 2030, according to Mandala. Mandala’s latest research, commissioned by AirTrunk, AWS, CDC, Microsoft, and NEXTDC, reveals that investment in Australian data centre capacity is driving innovation, creating jobs, enhancing essential services, and supporting the clean energy transition. Forecasts indicate that new investment in Australian data center capacity will exceed $26 billion by 2030, fueled by the rising digital demand from internet-connected devices, cloud computing, and artificial intelligence. These data centres are vital to Australia’s digital infrastructure, powering everything from daily internet use and streaming services to critical services like emergency response and disease surveillance. Deployable capacity is projected to more than double from 1,350 MW in 2024 to 3,100 MW by 2030, alongside an increase of 8,300 jobs, reaching a total workforce of 17,900 by 2030. Major operators are committed to using 100% renewable energy by 2030, with renewable energy Power Purchase Agreements (PPAs) accounting for 45% of global contracts involving data centers. To seize the opportunity presented by this growth, our report emphasises the need for collaboration between governments and industry. Together, we can build a thriving, sustainable tech landscape in Australia! #DataCenters #Innovation #Sustainability #UnifyRecruitment

While data centers are considered critical infrastructure for many services, they are under close scrutiny for their high energy consumption. Here's how developers are looking for new ways to meet demand and source energy sustainably: https://ow.ly/G3gY50Smf7E #construction #datacenters #energy #sustainability

Latin American Data Center Locations Latin America presents an untapped opportunity for data center expansion, boasting prime locations with unique advantages. Our proposal focuses on promoting data center sites in Latin America that offer 100% renewable energy, extensive lands, and unlimited water resources for cooling. Leveraging these natural assets, we aim to position Latin America as the ideal destination for sustainable and scalable data infrastructure. 1. **Renewable Energy:** Latin America is at the forefront of renewable energy production. With abundant sunlight and rivers, the region offers consistent access to solar and hydro power. Data centers located here can operate on 100% renewable energy, ensuring sustainability and environmental responsibility. This aligns with the growing global demand for eco-friendly data solutions. 2. **Extensive Lands:** Our data center locations in Latin America provide vast expanses of land, offering flexibility for expansion and development. With ample space available, businesses can scale their operations without constraints, accommodating future growth and technological advancements. This scalability minimizes the risk of land scarcity and allows for efficient infrastructure planning. 3. **Unlimited River and underground Water Resources for Cooling:** The presence of rivers and aquifers in Latin America presents a natural advantage for data center cooling. Water is a highly efficient and cost-effective cooling solution, and our locations offer unlimited access to river resources. This ensures optimal operating conditions for servers, enhancing performance and reliability while reducing energy consumption. Additionally, water-based cooling systems contribute to lower operational costs and carbon emissions compared to traditional air-cooled facilities. Latin America offers a compelling proposition for businesses seeking sustainable, scalable, and reliable data center solutions. With 100% renewable energy, extensive lands, and unlimited water resources for cooling, our locations provide a strategic advantage in today's data-driven world. By positioning Latin America as the premier destination for data infrastructure investment, we aim to drive innovation, economic growth, and environmental stewardship in the region and beyond. #datacenter #AI #renewableenergy #colocation #cloudcomputing

While data centers are considered critical infrastructure for many services, they are under close scrutiny for their high energy consumption. Here's how developers are looking for new ways to meet demand and source energy sustainably: https://ow.ly/uSiZ50SlSCH #construction #datacenters #energy #sustainability