- Funds managed by Blue Owl Capital (NYSE:OWL), Chirisa Technology Parks and PowerHouse Data Centers has executed a joint venture development agreement focused on the development of large-scale AI/HPC data centers for CoreWeave.
- The agreement is intended as the first stage of a partnership with capacity to deploy up to $5B of capital for turnkey AI/HPC data center developments supporting CoreWeave and other hyperscale and enterprise data center customers.
- The initial 120MW of capacity under the program will be delivered for CoreWeave in 2025 and 2026 at CTP’s 350-acre campus near Richmond, VA.
- Further deployments in the pipeline include brownfield and greenfield campuses in New Jersey, Pennsylvania, Texas, Kentucky and Nevada.
- “By bringing our proven real estate leadership and cadre of acquisition, development, and power procurement experts to the JV, this partnership will redefine the landscape of precision hyperscale infrastructure,” said Doug Fleit, CEO and Co-founder of PowerHouse.
