Brookfield and Drax Group Partner for $27 Billion AI Data Center Project in UK
Asset manager Brookfield, through its neocloud platform Radiant, has signed an agreement with Drax Group to develop a massive artificial intelligence data center at the Drax Power Station estate in North Yorkshire. The project aims to eventually reach over 1 gigawatt of capacity, with total estimated investments exceeding £20 billion ($26.8 billion). The development will be executed in phases, starting with an initial 100 MW capacity targeted for operation in early 2028, followed by a 500 MW expansion through 2031. This initiative seeks to bolster the UK's AI infrastructure, which has previously struggled to compete with the U.S. and Nordic regions due to high energy costs and grid connection delays. Drax Group shares rose approximately 8.8% following the announcement. While the project represents a significant potential boost for the UK's tech ecosystem, final investment decisions remain pending subject to regulatory approvals and securing a primary tenant.
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Topics: AI Compute Artificial Intelligence Data Center Energy Infrastructure Investment
Part of the story Brookfield Asset Management and QIA to Invest $3.4 Billion in UK Data Center Project (2 articles)