BGO & Bulk Infrastructure Pioneer Sustainable Data Centres

BGO & Bulk Infrastructure can keep up with the sustainable data centre surge
Bulk Infrastructure has received a €350m investment by BGO, with plans for €1bn of investments by 2026 to strengthen AI-ready sustainable data centres

Sustainable data centre developer Bulk Infrastructure has revealed a €350m/US$380m equity investment by real estate investment management firm BGO. This will be used in Bulk’s growth plans and brings BGO’s total equity investment in Bulk to over €640m/USD$700m, from 2020. 

Sustainable data centre surge

The world's growing reliance on digital technologies has led to a rapid expansion of the data centre industry. While these facilities are essential for powering the digital economy, their energy-intensive operations have raised concerns about their environmental impact. Yet sustainable innovation is fighting back.

In Finland, Google’s Hamina data centre is reusing excess heat to provide carbon-free heating to 2,000 people, while Vertiv uses prefabricated mass timber solutions in its data centre construction. 

Bulk is utilising the Nordic region’s affordable, renewable energy to power its data centres. With data centre solutions across three sites in Norway and Denmark, Bulk provides its global data centre customers with the scalability they need and the sustainable credentials. 

BGO hopes for a long-term leadership role for Bulk, in Europe’s data centre industry. Its N01 Data Center Campus will have a power capacity of 400MW by 2026 from 100% renewable power.

Bulk has also opened a 12MW AI-ready facility at the N01 Data Center Campus and its next AI-ready centre is already under construction. It will provide 42MW of capacity from early 2025.

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Rising demand for sustainable data centres

According to Peder Naerboe, Founder and Executive Chairman in Bulk, there is an urgent demand for modern, large-scale AI-ready data centres from existing and new customers. 

“The latest investment by BGO will fuel our ambitions to shift the gravity for global and European large data loads to the cold and sustainable North,” he said. “BGO has been a reliable shareholder and partner to us since its first investment in 2020 enhancing our ability to deliver on our scalable, sustainable Nordic data centre platform.”

Jon Gravråk, Bulk CEO, shared that he was excited to announce this new investment as it would enhance Bulk’s ability to deliver on a scalable platform, meeting the growing AI demand from large existing and new customers. 

“This enables us to significantly expand our capacity going forward, ensuring we deliver high-performance solutions that drives both customer success and our growth as a company. We appreciate the continuing trust from our renowned partner BGO,” he said. 

BGO in Europe is at the forefront of modern, infrastructure-like industrial real estate investing and was an early mover in the sustainable data centre sector. For John Carrafiell, Co-CEO of BGO, today’s announcement with Bulk Infrastructure reaffirms BGO’s steadfast commitment to pursuing growth in data infrastructure that will play a critical role serving the industries of tomorrow. 

“Bulk’s range of industry-leading capabilities and technology, 100% green power, and its track record of successful delivery of modern, AI-ready data centres, is perfectly positioned to lead the way in this high growth sector,” John explained. “Going forward, BGO will continue to support Bulk and its management team with its expertise and capital to enable Bulk to realise the generational opportunities we see today for AI-ready, GPU-based data centres.”

 

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