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NEWS ROUNDUP

ACQUISITION: Starwood agrees to $166.8 million data center site deal. Starwood Capital Group has agreed to pay $166.8 million for a 42-acre county-owned site in Chantilly, Virginia, where it plans future data center development. The deal values the land at about $4 million per acre, underscoring how expensive data center sites in Northern Virginia have become.

ENERGY: Google reaches 1GW milestone in utility demand-response deals. Google said it has integrated a total of 1GW of demand-response capacity into its long-term U.S. utility contracts, a move aimed at helping new data centers connect to local power grids more quickly. The company first signed agreements with Indiana Michigan Power and the Tennessee Valley Authority last year, and has since added similar deals with Entergy Arkansas, Minnesota Power, and DTE Energy in Michigan. These arrangements rely on flexibility, meaning Google can shift or reduce electricity demand when needed, making it easier for utilities to accommodate large new loads.

DEVELOPMENT: SoftBank plans massive Ohio campus with $500 billion investment. SoftBank Group is developing an enormous data center project in Ohio that CEO Masayoshi Son said could channel $500 billion into a single campus, potentially making it one of the largest AI infrastructure developments in the world. At full scale, the campus could reach 10GW of capacity, while the first phase is expected to total about 800MW, cost $30 billion to $40 billion, and be completed in early 2028.

INVESTMENT: CIA’s venture arm invests in Prometheus Hyperscale. In-Q-Tel, the venture firm backed by the CIA and focused on U.S. national security technology, has invested in data center developer Prometheus Hyperscale. CEO Trenton Thornock said the investment will support the company’s push to build data centers at the speed and scale needed for growing compute demand and U.S. AI capabilities. Sara A. Jones of In-Q-Tel will join the company’s board. Financial terms were not disclosed.

READ: Data center capital markets under senate scrutiny.

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