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From coal plant to data center: Old power stations are being repurposed
Industrial sites have the large tracts of land and resources needed.
The tech industry has warned that electricity availability constraints threaten to hold back AI expansion, while other requirements, such as sufficient fiber connectivity, further shrink the pool of potential spots for a new data center. Virtus Data Centres, in which Macquarie Asset Management holds a minority stake, recently acquired two sites in the German capital of Berlin, part of which was previously a solar farm, as well as an old war-era munitions factory in the UK. Thor Equities Group recently acquired a former manufacturing plant in the US state of Georgia that chair Joe Sitt said was “equipped with transformers, water, sewer, and natural gas infrastructure” and “well-suited for data center development.”
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