✎ Contributed by Ty Griffin
Disseminated on behalf of SolarBank Corporation
- SolarBank is pursuing opportunities as a developer, owner and strategic partner in data center infrastructure, a major energy-hungry expansion market fed by the growing AI and general technology drive.
- The company aims to deliver energy-efficient, carbon-reducing data center solutions that support both immediate needs and long-term growth.
- The global data center market is seeing exponential growth, expected to reach $395 billion USD by 2030, propelled by surging demand for artificial intelligence, cloud computing, big data analytics, and IoT.
- SolarBank is joining global tech giants invested in expanding data center capacity, including Amazon, Microsoft, Google, Meta Platforms, and Apple, and building on the recent U.S. announcement of a $500 billion USD private sector investment over the next four years to expand artificial intelligence infrastructure.
SolarBank (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., is expanding into the rapidly growing data center market. The strategic move is seen as reconfirming the company’s commitment to harnessing clean energy technologies at a time when the U.S. is planning to invest heavily in the development of private sector artificial intelligence infrastructure.
The company is pursuing opportunities as a developer, owner and strategic partner in data center infrastructure, supporting the demand for high-performance, sustainable energy solutions within the sector (https://ibn.fm/kFmUd). By leveraging partnerships and ownership opportunities with…
There are several risks associated with the development of any data center. SolarBank is expanding into the data center industry but it does not currently have any data center projects under development or that it has secured rights to. SolarBank does not have any contracts with the parties mentioned in this news release. It is in discussions with various other parties regarding potential data center opportunities and will provide details in a future news release if an agreement to acquire or develop a data center is concluded. The development of any data center project is subject to identification of a suitable project site, receipt of required permits, entry into contracts for construction and the use of the data center, the availability of third-party financing arrangements for the company and the risks associated with the construction of a data center. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for renewable energy, which could result in future projects no longer being economic.
This report contains forward looking information. Please refer to https://ibn.fm/G76GJ for additional details.
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