04/14/2024 What I Read Last Week
#DigitalInfrastructure news: DataBank, Vantage, EdgedEnergy, Microsoft, Google, Lumen
Weekly Edition of curated news about Digital Infrastructure
[Link] DataBank announced that it has established a new $725 million credit facility with which to finance its ongoing and future data center construction projects. Data Center Frontier also has a nice article on the Digital Bridge companies DataBank and Vantage, and the pace and scope of activities underway lately.
[Link] EdgedEnergy announced Edged Dallas, a new sustainable data center in Irving, Texas. Just last week we learned of the Ankeny, Iowa EdgedEnergy development. The new Edged Dallas facility will be a 24MW site, fitted with their ThermalWorks waterless cooling system.
[Link] Microsoft will invest $2.9 billion in data centers in Japan by 2025, its biggest investment in the country, President Brad Smith told Nikkei in an exclusive interview, in response to Tokyo's push for more computing power for artificial intelligence.
[Link] In partnership with KDDI, ARTERIA, Citadel Pacific, and the Commonwealth of the Northern Mariana Islands (CNMI) Google announced it is investing $1 billion in digital connectivity to Japan. The investment includes the expansion of the Pacific Connect initiative and delivers two new subsea cables, Proa and Taihei.
[Link] TSMC wins $11.6 billion worth of federal financing to build a third chip fab in Phoenix, Arizona.
[Link] Lumen announced it has been awarded a $73,616,904 contract to transform the U.S. Government Accountability Office's (GAO) network, data, voice and video connectivity. Lumen recently appeared on the Debtwire's latest Likely to Distress (LTD) scoreboard, as likely to become stressed or distressed or to enter a restructuring.
[Link] I thought this was an interesting article…. new research from Lawrence Berkeley National Laboratory shows that a backlog of new power generation and energy storage seeking transmission connections across the U.S. grew again in 2023, with nearly 2,600 GW of generation and storage capacity now actively seeking grid interconnection.
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