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Home » STACK adds $3 billion in new financing to its data center expansions

STACK adds $3 billion in new financing to its data center expansions

August 6, 2024
in All, Data Centers
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STACK Infrastructure has announced an additional $3 billion in green financing for four key projects in the U.S. These projects, located on campuses either active or under development, collectively total 900MW. This funding follows recent global financing announcements of $3.3 billion and $1.3 billion, highlighting STACK’s commitment to environmental responsibility and innovation. With this latest funding, STACK has now secured over $15 billion to support the development of its global portfolio of scalable campuses. 

 The financing will support campuses in Prince William County, Virginia; Phoenix, Arizona; and Atlanta, Georgia. These projects aim to reduce environmental impact through water conservation, responsible resource utilization, and energy efficiency. 

Key sustainability features include zero potable water usage for cooling, construction with low-carbon materials, including recycled content in concrete, and high-performance design features for optimal Power Usage Effectiveness (PUE).

“Our clients prioritize minimizing environmental impacts, which parallels our mission to advance a sustainable digital future,” stated Brian Cox, CEO, STACK Americas. “Securing this financing is an added example of STACK’s efforts to combine sustainable development with responsible growth.”

Additional global developments for STACK include:

  • A 300MW south Dallas campus, spanning 100 acres strategically engineered to accommodate both shell and turnkey deployments.
  • A 48MW Santa Clara data center featuring immediately available space, 12MW of turnkey capacity, and rare committed power from SVP.
  • A 56MW Toronto campus, spanning 19 acres, includes an existing 8MW data center and 48MW expansion capacity, all supported by committed power.
  • A 200MW campus in Portland spanning 55 acres with 24MW of available capacity with committed power.
  • A 48MW build-to-suit opportunity in the Dallas/Fort Worth area, boasting abundant power and connectivity options.
  • A 58MW data center campus in New Albany, Ohio with build-to-suit expansion opportunities. A 250MW campus in Central Phoenix with a dedicated on-site substation.
  • A 72MW campus in Osaka, Japan with capacity across three planned buildings. A 48MW Seoul data center with power secured and onsite, available for pre-lease. A 30MW data center campus in Stockholm with 18MW under development.

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Jim Carroll

Jim Carroll

Editor and Publisher, Converge! Network Digest, Optical Networks Daily - Covering the full stack of network convergence from Silicon Valley

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