Data Center View - February 17, 2025 - VoltaGrid to power Vantage's data center portfolio

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NEWS ROUNDUP

PARTNERSHIP: VoltaGrid to provide 1GW of power to Vantage’s data center portfolio. VoltaGrid has partnered with Vantage Data Centers to deploy 1GW of off-grid natural gas generation across Vantage’s North American portfolio. The partnership will integrate VoltaGrid’s natural gas microgrid as the primary power source for Vantage data centers, ensuring rapid scalability for hyperscale customers. Dana Adams, President of North America at Vantage, emphasized the critical role of fast power solutions. A key advantage of the partnership is speed to market. VoltaGrid’s microgrid solutions are designed for quick deployment within months, bypassing long grid connection wait times. “Our ability to rapidly deploy scalable energy solutions will redefine industry expectations and provide AI hyperscalers with the means and confidence to continue to scale their operations,” said Nathan Ough, President & CEO of VoltaGrid.

ACQUISITION: Amazon acquires 590 acres for $102 million. Amazon has acquired 590 acres in Ohio for just over $102 million. Local filings suggest the data center could go live in 2026.

DEVELOPMENT: Ryan Companies to build 400MW campus in Phoenix, AZ. Ryan Companies has filed for rezoning approval to develop Southwest Crossing Data Center, a 400MW, 1.25 million SF data center campus in Arizona. The real estate firm is seeking to modify the site’s zoning from General Industrial to General Industrial with a Planned Area Development Overlay to accommodate data center development. The Eloy Planning and Zoning Commission recommended approval of the rezoning request during its January 15 meeting, following a staff recommendation with conditions.

FUNDRAISING: Harrison Street raises $600 million for its data center fund. Harrison Street has successfully closed $600 million in capital commitments for its HS Digital Fund and associated vehicles, marking the investment firm’s first dedicated fund for data centers. “For two decades, we have identified and invested in needs-based assets that address key demands of the shifting global market, and the growth of our digital asset platform builds on our legacy of being a first mover and industry leader across alternative sectors,” said Christopher Merrill, co-founder, chairman, and CEO of Harrison Street. “With our strong partnerships with top-tier operators and developers, our deep understanding of the evolving primary and secondary markets, and the confidence investors place in our platform, we feel we are well positioned to capitalize on the investment opportunities ahead,” said Michael Hochanadel, managing director and head of digital at Harrison Street.

PEOPLE MOVES: TigerDC brings in new head of AI data center project development. TigerDC has appointed Joshua Crass as Head of AI Data Center Project Development. "I'm excited to join TigerDC and contribute to its mission of delivering efficient, AI-purpose built data centers," said Joshua Crass. Jerry Tang, CEO of TigerDC, emphasized Crass’s impact on the company’s AI-focused growth. “We are excited to bring Joshua into TigerDC. His keen eye for data center development, operations, and leadership will be instrumental in scaling our AI-focused operations.”

READ: Gartner forecasts $202 billion spend on AI servers in 2025.

DATA CENTER PROPERTY FOR SALE 

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62,336 SF | Fully Equipped | Scalable Power | Redundant Power Distribution via 4,000 AMP Feeds to Redundant 750KW UPS in a 2N Configuration

~120K SF Building Area, 50K SF Data Center | Build in 2016 | Fully Redundant Mechanical and Electrical Systems With Approximately 1.2MW of Critical Power | Built to Withstand Category 5 Hurricanes

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