March 14, 2024 Keppel Data Center REIT
Keppel is expanding into Japan with plans to build and buy facilities in the country. In this regard, the company has siged a Memorandum of Understanding (MoU) with Mitsui Fudosan Co. Ltd. (Mitsui Fudosan) to ‘jointly explore data center development and investment opportunities’ in Japan and...
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January 11, 2024 Keppel Data Center REIT
GlobalFoundries has signed a multi-year 150MW Power Purchase Agreement with Keppel to procure renewable energy for the chip manufacturer’s Singapore site. Following this agreement, Keppel will provide GlobalFoundries with between 150 and 180MW of energy from May 2024. The companies said in a...
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January 06, 2024 Keppel Data Center REIT
Keppel has filed with the Fingal and South Dublin County Councils as it seeks to install battery energy storage at its data centers in the Irish capital. These storage systems for both facilities are to be provided by Grid Beyond Limited, which provides grid-connected battery technologies and...
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September 28, 2023 Keppel Data Center REIT
The Keppel DC REIT Management Pte. Ltd. Board of Directors announced that one of its DC campuses recently secured a S$120 million (US$87.7m) sustainability-linked Islamic credit facility. The company didn’t reveal details relating to the loan providers, intended loan uses, or sustainability...
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September 08, 2023 Meta
The University of Minnesota (UoM) Board of Regents has authorized the $39.7 million land sale to Meta. The 280-acre tract of land in UMore Park has been sold to Jimnist LLC, a subsidiary of Meta, for a data center. The land that comprises UMore Park is located in Rosemount and is bordered by...
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September 05, 2023 Meta
Social network Meta is supporting a new Minneapolis data center project. Late last week, a Minnesota Public Utilities Commission document confirmed Meta's $700 million Minneapolis data center project. Xcel Energy announced an 'enterprise data center' project with a Fortune 100 company in November...
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July 28, 2023 Meta
In the last quarter, Meta's capital expenditures reached $6.4 billion due to investments in data centers, servers, and network infrastructure. This is a decrease from the $7.1 billion the company spent in the previous quarter, but the Facebook proprietor is now done with a data center...
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May 25, 2023 Meta
After announcing that it was canceling or pausing data center projects that were in mid-development last year, Meta has finally revealed some details on its AI-optimized data centers. The giant has shared that it is working on a custom chip "family" to bolster the efficiency of its data centers,...
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May 24, 2023 Meta
rPlus Energies has announced that it has signed a 200MW power purchase agreement (PPA) with Idaho Power, which has a special energy services agreement with Meta; output from the project will go into the same grid supporting Meta's new Kuna data center. The Ada County, Idaho solar farm, known as...
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May 23, 2023 Keppel Data Center REIT
The Keppel Corporation is requesting that authorities develop environmentally friendly data centers. According to Nikkei Asia, Wong Wai Meng, the chief executive officer of Keppel's data center division, warned that the nation's capacity limitation is insufficient to meet current demand. The...
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May 18, 2023 Meta
Details regarding Meta's water consumption at a planned data center in Toledo have been released, revealing that yearly the facility will guzzle an estimated 660 million gallons of water. The facility was given the green light by Castilla-La Mancha back in March as a PSI, due to the economic...
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April 28, 2023 Keppel Data Center REIT
Keppel Corporation has signed an agreement with Australia's Woodside Energy, which could see it supply 1,000 tonnes (1,100 tons) of liquid hydrogen a day from Woodside's portfolio of planned production facilities, to Keppel's data center in Singapore. This deal follows a series of successful...
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April 27, 2023 Meta
In an effort to curb construction waste, Meta has announced a new project that is using mushrooms to help mitigate some of the 660 million tons of waste sent to landfills and incinerators each year. The giant has been working with Mycocycle, a tech company in the zero-waste market, to pilot the...
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April 26, 2023 Meta
Reuters reports that Meta abandoned plans to release its own artificial intelligence processor and instead adopted Nvidia GPUs. Initial use of CPUs for AI training and chips for inference caused the company to fall behind in AI development. The switch to GPUs necessitated the redesign of its data...
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March 23, 2023 Meta
Meta has announced that it has signed a new PPA for solar energy. The PPA, with Avangrid, will see the giant source 240MW of energy from the True North solar farm which is currently under development in Falls County, Texas, the former's first in the state. The solar farm is set to launch in early...
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March 15, 2023 Meta
After letting go of around 11,000 workers in the latter part of last year, Meta aims to let go of about 10,000 individuals. As part of CEO Mark Zuckerberg's 'Year of Efficiency' appeal to investors to improve a falling share price, the corporation will also eliminate 5,000 unfilled positions....
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March 13, 2023 Meta
Meta's job cuts continue, with the announcement last week that the giant is driving forward with its so-called "year of efficiency." CEO Mark Zuckerberg first announced massive cuts back in November; now, thousands more are set to be laid off. According to experts, while the first cuts were a...
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March 07, 2023 Keppel Data Center REIT
The DC REIT group of Keppel has received a new credit facility of over $70 million, guaranteed by the financial services firm Perpetual. Keppel DC REIT Fin. Company Pte. Ltd., a wholly-owned subsidiary of Keppel DC REIT, has procured the Loan Facility guaranteed by Perpetual Ltd (Asia) in its...
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February 24, 2023 Meta
Meta has sold a property in Mesa, Arizona, to the developer of data centers, EdgeCore Internet Real Estate, for $1.2 million. The lot, situated at 3856 S. Everton Terrace and comprising approximately 15 acres of land, has been acquired by EdgeCore as part of its substantial investment in the...
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February 08, 2023 Meta
In a cost-cutting effort, Meta claims to have rebuilt its data centers to be less expensive and quicker to build. Meta canceled or paused data centers worldwide and redesigned them for additional artificial intelligence demands late last year. Facebook's Danish data center development and Texas,...
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