Major Venture Partners Blue Owl and PowerHouse Expand AI Capacity
Blue Owl, Chirisa Technology Parks and PowerHouse Data Centers Partner for Growth
Leading financial entity, Blue Owl Capital, along with Chirisa Technology Parks (CTP) and PowerHouse Data Centers, recently announced a pivotal development in their joint venture, successfully closing a substantial transaction valued at $750 million. This partnership, initiated in the previous year, is set to deploy an impressive total of $5 billion towards constructing advanced AI and high-performance computing (HPC) data center facilities, catering to the needs of companies like CoreWeave and others in the hyperscale data landscape.
Innovative Developments in Infrastructure
The construction progress at CTP's expansive 350-acre land is a testament to the venture's determination. In 2024, the groundwork commenced for the establishment of 120 megawatts of cutting-edge critical infrastructure, with anticipations for completion stretching into 2025 and 2026. The new developments play a vital role in enhancing CoreWeave's expanding cloud infrastructure, ensuring it meets the surging demand for AI-driven workloads.
Commitment to Sustainability and Efficiency
CTP's campus has been designed with innovation and efficiency in mind, focusing on accommodating dense GPU clusters and other technologies essential for providing optimum services to AI enterprises. Notably, the facility adopts CTP's proprietary 'direct-on-chip' liquid cooling technology, which significantly enhances energy efficiency compared to conventional air-cooled systems. This eco-friendly approach not only lowers energy consumption but also supports the overarching sustainability ethos of hyperscale data center operations.
Statements from Leadership
Speaking on this crucial phase of the collaboration, Lee Hayes, President & CEO of CTP, shared, "This next stage of the partnership between Blue Owl, CTP, and PowerHouse represents another groundbreaking transaction focused on rapidly delivering large scale capacity for the AI ecosystem." Doug Fleit, CEO of PowerHouse, echoed this sentiment, emphasizing the team’s shared commitment to building scalable and sustainable data centers.
Strategic Advantages of the Campus
Located within a well-connected area, the campus boasts excellent access to crucial resources such as power and fiber optics, along with a regulatory framework that nurtures innovation. As part of this transformative endeavor, sustainability remains a core principle, harmonizing advanced cooling systems and high-density compute infrastructures with renewable energy initiatives.
Fortifying the AI Ecosystem
Marc Zahr from Blue Owl spoke highly of the initiative, stating, "This is another pivotal milestone in our $5 billion strategic partnership with CTP and PowerHouse. With the closing of this second $750 million tranche, we're delivering on our vision to create foundational infrastructure for the next generation of AI-native cloud companies like CoreWeave." This robust partnership blends PowerHouse's and CTP's expertise in infrastructure development with Blue Owl's financial capabilities, establishing a formidable force in the sector.
About the Collaborating Entities
About Blue Owl
Blue Owl (NYSE: OWL) stands at the forefront of alternative asset management, uniquely redefining standards in the investment landscape. With a substantial capital base amounting to $273 billion in assets under management, the organization excels in providing tailored financial solutions aimed at fostering growth and delivering performance-driven investment opportunities.
About Chirisa Technology Parks
Chirisa Technology Parks is dedicated to the rapid construction and delivery of state-of-the-art facilities tailored to meet the rising demands of hyperscale, HPC, and AI sectors across North America and Europe. With a legacy of over 25 years in digital infrastructure, CTP remains committed to sustainability and innovative practices, processing an impressive project pipeline to ensure efficient and effective solutions for the industry.
About PowerHouse Data Centers
PowerHouse Data Centers, wholly owned by American Real Estate Partners, is distinguished as a leader in developing advanced data center solutions that align with the needs of prominent hyperscalers. Since its inception in 2021, PowerHouse has swiftly expanded, operating numerous data center projects across significant markets in the United States. The firm emphasizes a sustainable approach while leveraging strategic partnerships to enhance development practices.
Frequently Asked Questions
What is the main goal of the partnership between Blue Owl, CTP, and PowerHouse?
The partnership aims to invest up to $5 billion in advanced AI and HPC data center developments using cutting-edge technology.
Where are the major construction sites located?
The initial construction is taking place at CTP's expansive 350-acre campus.
What technology is being used to enhance energy efficiency at the facilities?
The facilities utilize CTP's proprietary 'direct-on-chip' liquid cooling design, improving energy efficiency significantly over traditional cooling systems.
When is the expected delivery of the new facilities?
The new critical facilities are projected to be delivered in 2025 and 2026.
How does this partnership impact the AI ecosystem?
This partnership strengthens the infrastructure landscape necessary for supporting the rapidly growing AI ecosystem and facilitates large-scale deployments for AI-driven businesses.
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