CleanArc Data Centers, a US developer and operator of renewables-focused hyperscale data center campuses, received an investment from Snowhawk.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate its growth to expand its team, develop its first data center campus in Virginia, and consolidate partnerships with customers.
Founded by James Trout, CleanArc is a provider of sustainability-focused data center development and operation solutions. With decades of experience in both the data center and energy sectors, it has assembled the critical components (scalability, renewable energy, and strategic data center production) for hyperscalers seeking to expand quickly, sustainably, and cost-effectively.
Supported by Snowhawk’s investment, CleanArc recently acquired land along Interstate 95 strategically located between Ashburn, Virginia, and Richmond, Virginia, with plans to deliver 600MW of data center capacity on land already zoned for data center use within a 650-acre campus. In addition, CleanArc and Rappahannock Electric Cooperative have executed an agreement to begin construction on the property’s first substation, and CleanArc plans to have 300MW of data center capacity ready for service in 2027.
FinSMEs
18/09/2024