Latest from Nicole Cappella

Blackstone to invest in Northumberland data centre

A Britishvolt gigafactory in Northumberland may be repurposed as a data centre, due to an investment from alternative asset manager, Blackstone. The BBC reported the Northumberland city council may exercise the buy-back option for the site, thanks to a £110 million ($137.1 million) investment from private equity firm Blackstone. This initial Blackstone investment is part… Read More

Spanish energy company Iberdrola seeks data centre partner

Spanish renewable energy company, Iberdrola, is looking for a partner to help the company step into the data centre industry. According to a report from Bloomberg Law, Iberdrola is looking for a partnership to build out 200MW of data centre capacity by 2030, with an ultimate goal of a data centre empire totalling 1.2GW. Iberdrola wants… Read More

AI boom fuels Singapore investment in data centres

Data centres are becoming a focus for investors in Asia, as interest in artificial intelligence (AI) applications has revealed the importance of infrastructure to support advancing technology. This has caused what some see as a race to take advantage of the opportunity to build, manage, and acquire data centres. A study by CBRE found data centres… Read More

Data centre energy consumption may double by 2026, finds report

A recent report from the International Energy Agency (IEA) has found data centre energy consumption could double by 2026, attributed to the increase in the adoption of artificial intelligence (AI) and cryptocurrency. Global electricity consumption in 2023 slowed year-over-year, with a 2.2% change in demand compared to 2.4% in 2022. Despite electricity demand growing by… Read More

Google announces Axion ARM-based data centre CPU

Google has revealed the creation of its Axion processors, the company’s first custom ARM-based data centre central processing units (CPUs). Google Axion Processors were created to deliver ‘industry-leading performance and energy efficiency’, and will be available to developers by the end of 2024. Currently, it does not appear that the Axion CPUs will be offered… Read More

Schneider Electric and Digital Realty join forces on data centre sustainability initiative

Schneider Electric has announced a partnership with Digital Realty on an innovative initiative supporting the circular economy at Digital Realty’s Paris5 (PAR5) data centre. Using PAR5 as a testing ground, Digital Realty intends to create a roadmap that can be scaled to improve circularity initiatives across all data centre sites. Currently, Digital Realty has more… Read More

$100B data centre planned for Microsoft and OpenAI

Microsoft and OpenAI are partnering on a £78.9 billion ($100 billion) data centre project, planned to be operational in 2028. Sources from inside OpenAI, including CEO Sam Altman, along with those who have viewed Microsoft cost estimates provided the outline of the data centre strategy to The Information. It is believed that Microsoft with finance… Read More

Amazon to invest £119B in data centres to support AI demand

Amazon plans to invest £119 billion ($150 billion) in data centres over the next 15 years to support artificial intelligence (AI) demand. The investment will be split between expanding capacity in existing service areas and moving into new ones. For example, the company plans to grow capacity in existing markets in the US, including Oregon… Read More

Amazon to invest additional £2.18B in OpenAI competitor Anthropic

Amazon has announced it will invest an additional £2.18 billion ($2.75 billion) in the generative artificial intelligence (AI) company, Anthropic. This amount, added to the £1.79 billion ($2.25 billion) invested last September, will bring Amazon’s total stake in the company to £3.1 billion ($4 billion). In return for the investment, Amazon will obtain a minority… Read More

EMEA report from JLL predicts strong data centre growth in secondary markets

Global real estate and investment firm, JLL, has found that secondary markets will drive data centre growth in EMEA. In the report titled ‘Secondary markets to drive data centre growth in Europe in 2024’, the primary FLAPD markets (Frankfurt, London, Amsterdam, Paris, and Dublin) will see continued growth of 16% in 2024. However, the real… Read More

PIMCO launches £257M European data centre fund

Fixed income asset management firm, PIMCO, has reportedly raised £257.3 million ($325 million) for a Europe-focused data centre fund. The figure includes seed funding from PIMCO’s parent company Allianz Group, and brings the fund halfway to its targeted total amount of £643.7 million ($813 million). Mobile Europe reported the fund will be focused on investments… Read More

Top data centre investment opportunities for Scotland revealed in new study

A new study by Host in Scotland has highlighted Scotland as an ideal location for data centre construction. Some factors leading to this conclusion are the temperate climate, the renewable energy capability of the country, and its cost-competitive location. Specialist consultants FarrPoint and TechRE, operating on behalf of Host in Scotland, reviewed data from its… Read More

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