STACK Infrastructure Secures Additional $3B Green Financing
STACK Infrastructure has announced an additional US$3bn of green financing for four key US projects, which are a part of active or under development campuses, that collectively total 900MW.
This news follows on closely from its recent US$3.3bn and US$1.3bn global financing announcements and reinforces STACK's dedication to environmental responsibility and data centre innovation. Building upon an already active year of financing,
STACK has now secured over US$15bn to expand its global portfolio of scalable campuses.
STACK’s green financing to develop new data centre campuses
STACK builds digital infrastructure for the world’s most innovative companies and provides a comprehensive suite of campus, build-to-suit, colocation and powered shell solutions across the Americas, EMEA and APAC regions. STACK offers the scale and geographic reach that rapidly growing hyperscale and enterprise companies need. Its 72MW KIX01 Campus for example, located in Osaka’s eastern suburb of Keihanna, offers multiple solution options, from colocation to custom build-to-suit, providing hyperscale, cloud, and large enterprise clients with the scalability to meet future growth demands.
This was why we included STACK in our Top 10 colocation providers in Asia.
In 2023, STACK Infrastructure announced the closing of a US$250mn structured debt financing deal.
“STACK has again proven itself a highly desirable partner and continues to leverage investor confidence to raise capital in a rapidly evolving interest rate environment,” commented Heather Paduck, Chief Financial Officer of STACK Americas. “This successful transaction affirms our position as an industry leader with a consistently proven growth strategy and shows our commitment to providing capacity to our clients when demand is at its highest.”
It seems that STACK has only continued to leverage investor confidence. The new green financing will develop campuses in:
- Prince William County, Virginia
- Phoenix, Arizona
- Atlanta, Georgia
These developments aim to minimise environmental impact through water conservation, responsible resource utilisation and energy efficiency. Key sustainability features include zero potable water usage for cooling, construction with low-carbon materials including recycled content in concrete, and high-performance design features for optimal Power Usage Effectiveness (PUE).
"Our clients prioritise minimising environmental impacts, which parallels our mission to advance a sustainable digital future," said Brian Cox, CEO of STACK Americas. “Securing this financing is an added example of STACK’s efforts to combine sustainable development with responsible growth."
STACK is a leading partner to cloud providers and related innovators committed to Environmental, Social, and Governance (ESG) principles. By fostering a culture of responsible growth and design, STACK ensures that agility and innovation contribute to a more sustainable and energy-efficient future.
STACK’s sustainable data centre mission
STACK’s Basis of Design boasts an overall PUE target of 1.3 or below, varying across global geographies based on client priorities and regional climate implications. The brand works with regional power providers and administrations to focus on smart and responsible delivery of critical capacity, ensuring any would-be wasted resources can be utilised and harnessed.
With water efficiency, power efficiency and optimal cooling systems foundational to STACK’s hyperscale portfolio, powered shells and finished data halls, the brand has ready-built energy efficiencies in STACK’s Basis of Design, including air-cooling or combined adiabatic cooling and rain-water harvesting, reducing its reliance on public water supplies.
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