Weekly Data Centre News - 01/11/2024

Weekly Update! Welcome to the newsletter that proves data centers are cooler than they sound! First up, for those who can’t get enough of servers and socializing, Data Centre Club Nights hits Zurich on November 19th.

In Q3 news, cloud giants Google, Microsoft, Amazon, and Meta are all seeing strong earnings, with Meta cashing in on AI hype, though falling just a hair short of the mark. And around the globe, massive projects are popping up: Google Cloud’s setting up an AI hub in Saudi Arabia, the U.S. Navy’s building in Guam, and—because Earth isn’t enough—Lumen Orbit’s even looking at data centers in space.

With all this action, one thing’s clear: data centers are taking over, one megawatt at a time. Dive in for the full rundown!

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Data Centre Club Nights

DCC are heading to Zurich. 19th November. Dupont - Brassierie & Bar.

Report

Data centers account for half of US clean energy procurement but only 20% in Europe. Read here.

Q3 Cloud results

Google: Q3 earnings call: CEO’s remarks. Read here.

Microsoft reported better than expected results. Read here.

Meta rides AI boom to stellar quarterly earnings, but slightly less than expected. Read here.

Amazon shares pop on earnings beat, cloud growth. Read here.

Europe

DigitalBridge to buy Yondr in major data centre development deal. Read here.

Bain Capital and Aquila Group partner to build a leading sustainable data center platform across Europe. Read here.

NTT plans to build new data centre in Nierstein (Germany) in 2026. Read here.

Iberdrola on precipice of signing data center joint venture in Spain. Read here.

Global Switch could raise £1.5bn by selling stake in UK business. Read here.

Major new data centre set for Norwich Research Park. Read here.

German data center firm Envia Tel is expanding its data center in Leipzig. Read here.

Soben announced senior leadership promotions to support continued global growth. Read here.

Wycombe Film Studios plans data centre amid 'uncertainty'. Read here.

UK data center investment hampered by interconnection delays: Segro CEO. Read here.

Project Clover Update: Data migration to TikTok's Norwegian data centre has begun. Read here.

CVC DIF to acquire leading data centre operator Adam Ecotech. Read here.

CORD to acquire stakes in two Belgian data centre providers. Read here.

Schneider Electric opens new Leeds critical power and cooling hub to address data centre skills shortage. Read here.

Middle East & Africa

Google Cloud to develop AI Hub in Saudi Arabia with PIF. Read here.

Oxagon — NEOM’s industrial city and the site of Saudi Arabia’s $8.5 billion green hydrogen project — is in talks to build a one-gigawatt artificial intelligence data center. Read here.

APAC

Equinix to invest US$500m in Thailand over next decade. Read here.

China officially launched a new pilot program that allows 100 percent foreign ownership of data centers and value-added telecom services in Beijing, Shanghai, Hainan, and Shenzhen. Read here.

GDS raised $1 Billion for Data Center Operations outside China. Read here.

STT GDC set to launch Philippines' largest data centre. Read here.

Saigontel Plans New Data Center in Ho Chi Minh City. Read here.

Bridge DC signs 200MW data center JV with Malaysia’s Mah Sing. Read here.

Johor: From 10MW to 1,500MW in three years. Read here.

US Navy to build data center at Camp Blaz base in Guam. Read here.

Thailand's Board of Investment said it had approved US$2 billion worth of new investments in data centres and electronics manufacturing. Read here.

Macquarie Bets on AI Data-Center Boom Even After AirTrunk Sale. Read here.

SunCon Eyeing 4 More Data Centre Projects. Read here.

RackBank announces 80MW Madya Pradesh data center in India. Read here.

North America

KKR and Energy Capital Partners announced a $50 billion strategic partnership to accelerate the development of data center and power generation and transmission infrastructure for the rapid expansion of artificial intelligence and cloud computing globally. Read here.

Equinix posted revenues of US$2.2 billion for the third quarter of 2024, a 2% increase from the previous quarter. Read here.

Equinix Touts Major Shift In Data Center Development Strategy. Read here.

A developer looking to build a $1.5 billion data center near Niagara Falls, New York, wants to change zoning requirements to help push the 140MW project forward. Read here.

Vantage Data Centers broke ground on a 192MW Campus in Ohio. Read here.

New $750M data centre to be built in Calgary area, the largest in Alberta. Read here.

$5B data center campus on former Landover Mall footprint could break ground by 2026. Read here.

COPT Defense Properties is planning a gigawatt-scale campus in Iowa. Read here.

Microsoft to invest $1bn in data center campuses in Central Ohio. Read here.

Microsoft builds first datacenters with wood to slash carbon emissions. Read here.

Green light for a data center campus outside Richmond in Powhatan County, Virginia. Read here.

Goldman Institute calls for ‘data center diplomacy’ as U.S. competes in global AI race. Read here.

Peter Thiel’s VC leads Crusoe Energy’s $500M round. Read here.

TECfusions Secures Landmark 1 GW Capacity Commitment from TensorWave for AI-Ready Infrastructure. Read here.

Exelon sees 80% increase in Data Center spending. Read here.

South America

Hosting firm G2K plans data center in Buenos Aires, Argentina. Read here.

Space

Lumen Orbit wants to deploy data centers in space. Read here.

Other interesting articles

The Convergence of Data Centers and Power: A Generational Investment Opportunity | The Connection. Read here.

UK data centre investment stalled by lack of electricity supply. Read here.

AI power: Expanding data center capacity to meet growing demand. Read here.

AI Data Centers And The New Era Of Unprecedented Demand. Read here.

Data centre industry may double in S Europe but hurdles remain. Read here.

Why the rise of data centres is good news for the industrial & logistics sector. Read here.

AI and data centres will transform US power market dynamics. Read here.

Data Centre Club

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Have a great week.