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Where are data centres finding net-new power?

Utilities, grid operators and power providers are increasingly partnering directly with data centre operators and hyperscalers to unlock new sources of power, reshaping how and where digital infrastructure gets built across Europe.


 

As data centre demand accelerates, driven by AI, cloud expansion and high-density compute, access to power has become the primary constraint on growth. In many markets, existing generation and distribution capacity is no longer sufficient, with long lead times, capacity shortages and regulatory limits slowing new developments.

In response, a new class of partnerships is emerging. Data centre operators and hyperscalers are working directly with utilities, generators and infrastructure owners to secure net-new power: through dedicated generation, new grid capacity, allocation contracts, joint ventures, and site-specific energy solutions, including grid-free power. These arrangements go beyond conventional power purchase agreements designed to offset consumption, instead tying data centre growth directly to new sources of supply.

This page tracks the most significant examples of these deals across the world.

Data centre power

Map of deals around the world (press play to explore)

Discover the net-new power projects shaping the market

The Datacloud team has launched a service to track the most important examples of behind-the-meter deals around the world, where data centre operators are launching creative solutions to beat the grid-gridlock.

The deal tracking data includes:

  • Details on every major behind-the-meter/BYOP deal announced around the world
  • Information on power quantities, deal value and structure, partners, deal length and more
  • Commentary and analysis on trends and how deal structures are evolving

Complete the form to the right for free access to the data.

Want to include your deal or project? Tell us about it here.

Europe

April 2026: Pantheon AI and Greenvolt International, Croatia 

  • Scale: 1GW campus with 500MW of onsite solar power

The 1GW AI data centre and innovation campus facility in Croatia will be powered by a 500MW solar farm built onsite at the data centre, with connections to Croatia's national grid. Construction will begin in 2027 with launch slated for 2029.

Sep 2025: Data4 & EDF (France) — Nuclear Allocation 

  • Companies involved: Data4; EDF
  • Status: Signed allocation contract
  • Scale: 40 MW nuclear power
  • Length: 12 years (from 2026)
  • Announced: September 4, 2025

 

The deal is a nuclear production allocation contract, so while not strictly net-new power, it is an example of a data centre developer negotiating directly with power suppliers for a specific slice of power generation over a long time horizon. Data4 is an example of a DC developer moving aggressively into power diversification, with previous solar and wind-based PPAs signed with French generators in 2024.

Aug 2025: Equinix & ULC-Energy (Netherlands)

  • Companies involved: Equinix; ULC-Energy 
  • Status: Letter of Intent 
  • Scale: Up to 250 MWe next-gen nuclear PPA 
  • Length: Long-term framework 
  • Announced: August 14, 2025 

 

One of the first deals in the European market to specifically focus on small modular reactor (SMR)-generated power. ULC-Energy signed its own deal with Rolls-Royce in 2022 to develop SMR technology. This Equinix-ULC-Energy deal is an example of a data centre operator specifically looking to diversify the power sources to their data centres.

Jul 2025: Iberdrola & Echelon Data Centres

  • Companies involved: Iberdrola; Echelon Data Centres 
  • Status: Signed joint venture 
  • Scale: 230 MW electricity connection + planned on-site solar (approx.) 
  • Length: Long-term JV development 
  • Announced: July 28, 2025 

 

The largest DC-power company agreement in Europe at the time. Iperdrola will hold a 20% stake in the data centres through the joint venture, the first time in Europe that a utility provider has gained a financial stake in a DC project rather than just powering it. 

Jun 2025: CyrusOne & E.ON 

  • Companies involved: CyrusOne; E.ON 
  • Status: Signed preferred partnership 
  • Scale: ~61 MW localized generation plan 
  • Length: Multi-year implementation (target ~2029) 
  • Announced: June 2025 

 

This partnership develops 61MW of onsite generation for FRA07 in Griesheim, complementing the existing grid-based supply.

Mar 2025: Data4 & Westinghouse Electric

  • Companies involved: Data4; Westinghouse Electric 
  • Status: MoU (exploratory) 
  • Scale: To be determined (AP300 SMR evaluation) 
  • Length: Exploratory / evaluation stage 
  • Announced: March 11, 2025 

 

A MoU to provide small modular reactors to Data4's European projects. Currently at a very early stage, with the SMRs expected to be operational in the early 2030s.

North America

Apr 2026: Stratos and the Ruby pipeline operators

  • Status: Signed agreement
  • Scale: 9GW
  • Power type:  Natural gas

The proposed Stratos campus will be supplied by dedicated natural gas generation connected directly to the Ruby Pipeline which will power onsite generators, enabling the data centre to operate off‑grid and bypass utility capacity constraints. The project is currently making its way through various rounds of state approval.

Apr 2026: Meta and Overview Energy

  • Status: Signed agreement
  • Scale: 1GW
  • Power type:  Solar

One of the few examples of space-based opwer and processing resulting in a deal, this partnership between Meta and Overview Energy aims to provide up to 1GW of capacity. The technology is at an early stage, with development and testing currently underway with a view to orbital demonstration in 2028, and energy supply by 2030.

Apr 2026: Certarus and unnamed DC operator

  • Status: Supply contract
  • Scale: 135MW
  • Power type:  Natural gas
  • Announced: 22 April 2026

This two-and-a-half-year agreement between Certarus (a subsidiary of Superior Plus) and an unnamed data centre operator supports a site currently under development at an undisclosed location, with operations expected to commence in mid-2027. The project relies on Certarus’ “virtual pipeline” model, using around 200 CNG transport trailers alongside mobile compression and pressure reduction systems to deliver fuel without requiring permanent pipeline infrastructure.

Apr 2026: Meta and Noon Energy

  • Status: Supply agreement
  • Scale: Up to 1GW
  • Power type:  Solid oxide fuel cells
  • Announced: 21 April 2026

Noon Energy will supply energy storage systems to Meta's data centre projects in a phased pattern, with an initial 25MW due for delivery in 2028. Noon offers modular solid oxide fuel cells for long-term battery energy deployment to data centres. The agreement marks Noon Energy's first commercial deployment of the technology, which the company claims can deliver up to 200 hours of storage.

Apr 2026: Oracle and Bloom Energy

  • Status: Expansion of an initial agreement
  • Scale: Initial 1.2GW agreement extended to 2.8GW
  • Power type:  Solid oxide fuel cells
  • Announced: 13 April 2026

 

One of the largest deals in the sector in 2026 so far, this tie-up represents an expansion on an initial agreement between the two companies to deliver 2.8GW of fuel cells to Oracle data centres. Delivery is already underway. The deal follows a similar tie-up with Equinix in early 2025.

Apr 2026: Global Power Solutions, NADCAP

  • Status: Letter of Intent
  • Scale: Proposed 100MW data centre
  • Power type:  Natural gas, hydrogen, potential other renewable
  • Announced: 8 April 2026

 

Vancouver-based Global Power Solutions, a develop of hydrogen systems, signed a lteer of intent to examine developing decentralised power infrastructure for an upcoming 100MW data centre campus development. The project is at a very early stage, with no site yet selected for the data centre development. The power system would be based on modular systems that can either contribute to the grid or operate independently of it.

Apr 2026: Soluna, Briscoe Wind Farm

  • Companies involved: Nodiac Corp, PowerBank
  • Status: Acquisition
  • Scale: 150MW of renewable power
  • Length: N/A
  • Announced: April 2026

 

This deal is an example of data centre companies entering directly into the M&A space in power, with the DC operator spending $53m to buy the 150MW wind farm outright - betting on owning power rather than purchasing it.

Apr 2026: Nodiac Corp and PowerBank Corporation

  • Companies involved: Nodiac Corp, PowerBank
  • Status: Letter of intent
  • Scale: TBC
  • Length: Unconfirmed
  • Announced: April 2026

 

The two companies agree a letter of intent for PowerBank to supply its solar and battery sites as possible co-locations for modular data centres - one of the first examples of digital infrastructure locating itself exactly where existing energy infrastructure is hosted, rather than close to it on the grid. Nodiac as a company bases itself on this model, calling it 'speed to power'.

Apr 2026: Energy Dome and New Era Energy & Digital

  • Companies involved: Energy Dome and New Era Energy & Digital
  • Status: MOA
  • Scale: TBC
  • Length: Unconfirmed
  • Announced: April 6, 2026

 

T'his deal centres on NUAI deploying Energy Dome's CO2 Battery Plus technology at its planned 1GW facility in Odessa, Texas. The technology is used in combination with gas-fired generation to combine energy storage with waste heat recovery, storing and compressing the CO2 emitted and using it for energy.

Mar 2026: NextEra, unconfirmed data centre partner

  • Companies involved: NextEra; unconfirmed data centre company
  • Status: Land purchase
  • Scale: 5GW
  • Length: Unconfirmed
  • Announced: March 2026

 

At a very early stage, this deal involves NextEra securing the land to build a gas-fired power plant specifically for a data centre campus. The deal follows federal approval of 10GW of gas power in Pennsylvania and Texas earmarked specifically for data centre capacity.

Mar 2026: Crusoe & Form Energy

  • Companies involved: Crusoe, Form Energy
  • Status: Strategic Partnership
  • Scale: 65GwH
  • Length: Unconfirmed
  • Announced: March 2026

 

With the partnership to commence from 2027 onwards, this deal sees Form Energy supply 12GWH of iron-air battery solutions to Crusoe's AI data centres.

Mar 2026: Crusoe & Redwood Materials

  • Companies involved: Crusoe, Redwood Materials
  • Status: Strategic Partnership
  • Scale: 20MW
  • Length: Unconfirmed
  • Announced: March 2026/li>

 

This deal expands on an earlier deployment of a microgrid system at one of Crusoe's modular data centres, with deployment expanding to 24 sites. The microgrid system works on a combination of solar panels and repurposed electric vehicle batteries.

Feb 2026: Iron Mountain & Calibrant

  • Companies involved: Iron Mountain; Calibrant 
  • Status: Partnership announced 
  • Scale: 23 MW BESS + 7.2 MW rooftop solar 
  • Length: Long-term on-site deployment 
  • Announced: February 2026 

 

Iron Mountain partnered with Calibrant to deploy a 23 MW battery system alongside a 7.2 MW rooftop solar installation. The combination provides firm, on-site capacity that reduces grid dependence and supports incremental load growth.

Jan 2026: Meta & Oklo

  • Companies involved: Meta, Oklo
  • Status: Signed agreement 
  • Scale: 1.2 GW nuclear power campus 
  • Announced: January 2026 

 

This agreements involves Meta funding the intitial project costs of Okla's Aurora deployment in Ohio, delivering 1.2 GW of dedicated behind-the-meter power. The purchase of the land was facilitated by a local non-profit organisation in Ohio that reuses land to encourage local development, making the project an example of how engaging local organisations and structures early in the build process can bring local communities onside rather than pitting against them.

Oct 2025: Aligned Data Centers & Calibrant

  • Companies involved: Aligned Data Centers; Calibrant; Portland General Electric; Gridcare 
  • Status: Partnership announced 
  • Scale: 31 MW battery energy storage system 
  • Length: Long-term infrastructure deployment 
  • Announced: October 2025 

 

This project marked the first U.S. deployment of a battery system purpose-built to accelerate data center interconnection. The 31 MW BESS enables Aligned’s facility to come online faster by unlocking underutilised grid capacity identified using Gridcare’s AI tools.

Sept 2025: CyrusOne & Ameresco

  • Companies involved: CyrusOne; Ameresco 
  • Status: Signed agreement 
  • Scale: ~100 MW on-site microgrid 
  • Length: Long-term energy services contract 
  • Announced: September 2025 

 

Ameresco will develop a 100 MW on-site microgrid for CyrusOne, combining firm generation and advanced energy management. The project supports new AI workloads without waiting for regional grid reinforcement.

Aug 2025: Homer City Redevelopment & Kiewit

  • Companies involved: Homer City Redevelopment; Kiewit; Knighthead Capital 
  • Status: Development partnership announced 
  • Scale: Up to 4.5 GW natural gas generation 
  • Length: Long-term redevelopment project 
  • Announced: August 2025 

 

A former coal-fired power station in Pennsylvania is being redeveloped into a gas-powered AI data center campus. The project repurposes legacy energy infrastructure to deliver large volumes of net-new power directly alongside compute.

May 2025: AEP Ohio, Bloom Energy & AWS / Cologix

  • Companies involved: AEP Ohio; Bloom Energy; Amazon Web Services; Cologix 
  • Status: Public Utilities Commission approved 
  • Scale: Undisclosed MW on-site fuel cell generation 
  • Length: 6-year (AWS) and 15-year (Cologix) contracts 
  • Announced: May 2025 

 

AEP Ohio received regulatory approval to deploy Bloom Energy solid-oxide fuel cells directly at AWS and Cologix data centers. The systems add new on-site generation, enabling expansion without drawing additional capacity from an already constrained regional grid.

Mar 2025: Crusoe & Engine No. 1

  • Companies involved: Crusoe; Engine No. 1; Chevron; GE Vernova 
  • Status: Joint venture secured 
  • Scale: Up to 4.5 GW natural gas generation 
  • Length: Long-term power access 
  • Announced: March 17, 2025 

 

Crusoe secured access to multi-gigawatt gas generation through a joint venture with Engine No. 1, using seven GE Vernova turbines purchased alongside Chevron. Power is delivered directly to co-located AI data center campuses, bypassing transmission constraints.

Feb 2025: Vantage Data Centers & VoltaGrid

  • Companies involved: Vantage Data Centers; VoltaGrid 
  • Status: Signed strategic partnership 
  • Scale: >1 GW on-site gas microgrid capacity 
  • Length: Multi-site, multi-year deployment 
  • Announced: February 11, 2025 

 

This partnership formalised a portfolio-wide approach to on-site power. VoltaGrid will deploy over 1 GW of rapidly installable gas microgrids across Vantage’s North American campuses, targeting constrained markets where grid timelines no longer match AI demand.

Dec 2024: Meta & Entergy Louisiana

  • Companies involved: Meta; Entergy Louisiana 
  • Status: Utility-led generation build approved 
  • Scale: 2.26 GW combined-cycle natural gas generation 
  • Length: Long-term utility service arrangement 
  • Announced: December 2024 

 

Meta’s $10bn Richland Parish AI campus triggered the construction of three new combined-cycle gas plants by Entergy Louisiana. Rather than relying on offsets or existing supply, the project adds large-scale net-new generation to support Meta’s growing compute footprint.

Dec 2024: ExxonMobil and various data centre developers

  • Companies involved: ExxonMobil; undisclosed data center customers 
  • Status: Project in development 
  • Scale: ~1.5 GW per gas plant (design phase) 
  • Length: Long-term bilateral supply model 
  • Announced: December 2024 

 

ExxonMobil revealed plans to build large, off-grid natural gas power plants dedicated to serving data centers, paired with carbon capture technology. The facilities are designed to operate independently of the grid, accelerating deployment while delivering firm, net-new capacity.

Jun 2024: xAI & VoltaGrid

  • Companies involved: xAI; VoltaGrid 
  • Status: Deployed on-site generation contract 
  • Scale: ~35–70 MW initial on-site gas generation 
  • Length: Interim deployment with expansion potential 
  • Announced: June 2024 

 

VoltaGrid deployed mobile natural gas generators directly at xAI’s Colossus AI supercomputer campus in Memphis, allowing the site to come online in months rather than years. The project quickly became a reference point for “speed-to-power” strategies, showing how on-site generation can bypass grid queues entirely.

South America

Feb 2026: Casa dos Ventos and Ascenty 

  • Companies involved: Casa dos Ventos and Ascenty 
  • Status: Signed partnership 
  • Scale: 110 MWm, 1.5GW installed capacity 
  • Length: 2027 onwards 
  • Announced: February 2026 

 

The largest renewable energy contract for data centres in Latin America. Casa dos Ventos is a renewable-only company and will avoid 5 million tonnes of CO2 emissions annually.  

Asia

Apr 2026: PT Telkom Indonesia, PT Perusahaan Gas Negara

  • Status: MoU 
  • Power type: Biomethane
  • Announced: April 16, 2026

 

At a relatively early stage, this deal between national telco Telkom Indonesia and gas distributor Perusahaan Gas Negara will examine the use of biomethane to power Indonesian data centres, using waste from indonesia's huge palm oil industry to generate the gas. Biomethane is also in the data centre power pipeline in other markets, with PGN sining a similar deal in Singapore in late 2025 and the UK's first unsubsidised biomethane plant opening in the same year, with data centre power supply in its sights.

Apr 2026: LS Electric, unnamed US energy infra company

  • Companies involved: LS Electric
  • Status: MoU 
  • Scale: $70m deal, 
  • Length: Multi-year
  • Announced: April 6, 2026

 

The Korean company LS Electric sealed a deal to supply 345-KV transformers for a microgrid intended to supply a central US data centre project. The actual data centre power deal is at an early stage, with delivery of the units expected in the first half of 2028.

Mar 2026: Yovole International and Greenlyzer Materials

  • Companies involved: Yovole International and Greenlyzer Materials
  • Status: MoU 
  • Scale: Unknown 
  • Length: Multi-year
  • March 6, 2026

 

The MoU involves developing a hydrogen-powered mobile grid system for data centres in Singapore. The work is at a very early stage. 

Jul 2025: FuelCell Energy & Inuverse (South Korea)

  • Companies involved: Inuverse; FuelCell Energy 
  • Status: Signed Memorandum of Understanding (MoU) 
  • Scale: Up to 100MW fuel cell-based power (phased) 
  • Length: Phased increments starting in 2027 (term not disclosed) 
  • Announced: July 10, 2025 

 

The first FuelCell Energy deal with a data centre customer.

Jun 2025: DayOne & Tenaga Nasional Berhad (TNB)

  • Companies involved: DayOne Data Centers; Tenaga Nasional Berhad (TNB); TNB Renewables 
  • Status: Signed CRESS agreement / Bilateral Energy Supply Contract framework 
  • Scale: Up to 500MW renewable energy (solar-backed) 
  • Length: 21-year term 
  • Announced: June 12, 2025 

 

Malaysia’s first CRESS agreement, this deal enables up to 500MW of renewable energy backed by new solar generation.

Oct 2024: Keppel & Woodside (Singapore)

  • Companies involved: Keppel; Woodside Energy 
  • Status: Signed conditional offtake term sheet 
  • Scale: Not disclosed (liquid hydrogen supply) 
  • Length: Term sheet; potential supply from ~2030 
  • Announced: October 21, 2024 

 

Keppel and Woodside signed a conditional term sheet for liquid hydrogen supply aimed at powering Keppel’s data centres in Singapore.