New York Data Center Intel

Recent New York data center news

• May 18, 2026

  Non-lithium players Eos and ESS lean on future of US LDES deployment in Q1 2026 financials

  Eos Energy Enterprises released Q1 2026 financial results on 13 May and announced the formation of Frontier Power USA with Cerberus Capital Management plus a 2GWh firm capacity reservation; ESS Tech Inc released Q1 2026 results on 7 May and highlighted Project New Horizon with SRP and Google and a US$9.9 million contract with the US Air Force Research Laboratory.

  • Main announcement: Eos reported Q1 2026 revenue of US$56.9 million, adjusted EBITDA loss of US$68 million, reaffirmed 2026 revenue guidance of US$300–US$400 million, and said it and Cerberus will capitalise Frontier Power USA with a 2GWh firm capacity reservation for deployments across utility-scale, AI data centres, and C&I segments (announcement dated 13 May 2026).
  • Additional details & background: ESS reported Q1 2026 revenue of US$128,000 and net loss of US$15.9 million (announced 7 May 2026), highlighted Project New Horizon (5MW/50MWh) with SRP and Google (manufacturing planned in 2026; delivery aimed December 2027), and noted a US$9.9 million US Air Force Research Laboratory contract to deploy up to 27MWh; Eos referenced prior US$315 million Cerberus financing (mid-2024) and a planned US$352.9 million investment in new production lines with ~US$22 million state support.
• May 15, 2026

  ERock Announces Public Filing of Registration Statement for Proposed Initial Public Offering

  ERock has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A common stock.

  • Filed action: ERock publicly filed a registration statement on Form S-1 with the SEC relating to a proposed initial public offering; the number of shares and price range have not been determined, and the offering is subject to market and other conditions. The Company intends to list its Class A common stock on the New York Stock Exchange under the ticker “EROC”.
  • Underwriting and process details:Morgan Stanley and J.P. Morgan are acting as joint lead bookrunning managers; Barclays and BofA Securities are joint bookrunning managers; Evercore ISI, Guggenheim Securities, Wolfe | Nomura Alliance, and BNP Paribas are acting as bookrunners. A preliminary prospectus will be available from Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC (c/o Broadridge Financial Solutions). The registration statement has been filed but is not yet effective, and no sales/offers may occur prior to effectiveness or required qualifications under applicable securities laws.
• May 14, 2026

  Record Power Burn Expected This Summer as Coal Retirements and Data Centers Drive Gas Demand

  The Natural Gas Supply Association (NGSA) released its Summer Outlook on May 13, forecasting record U.S. natural gas supply of 117 Bcf/d while warning that rising LNG exports, data center load, industrial activity, and power generation will tighten storage and push power burn to record levels.

  • Main announcement: NGSA/EVA projects total U.S. supply of 117 Bcf/d (including 111.7 Bcf/d dry gas) and total demand of 108.7 Bcf/d this summer; power burn is forecast at 40.3 Bcf/d (up 2.0 Bcf/d), and end-of-summer storage is projected near 3,662 Bcf (about 106 Bcf below the five-year average). The report was issued as the Summer 2026 Natural Gas Market Outlook (May 13) prepared by EVA for NGSA.
  • Background and details: The outlook identifies LNG exports rising 4.3 Bcf/d to 19.9 Bcf/d (new capacity including Plaquemines LNG, Corpus Christi Stage 3, Golden Pass Train 1), notes data center capacity growing from 44 GW (2025) to 55 GW (2026) and to 74 GW (2027) (Oracle 1.2-GW Stargate, Meta 1-GW Prometheus, Google $40B Texas commitment), and documents industrial project additions (63 completed projects ~1.99 Bcf/d and $104.3 billion investment; 20 planned projects adding ~1.98 Bcf/d and $44.3 billion investment through 2030). The note highlights permitting and infrastructure policy actions (Trump July 2025 executive order, DOE site openings, SPEED Act House passage Dec 18, 2025, FERC rule changes Oct 2025) and recent pipeline developments (Williams NESE FERC reauthorization Aug 2025; ground-breaking April 2026).
• May 14, 2026

  Stream Data Centers Names New CFO and New EVP of Construction

  Dallas-based Stream Data Centers has named Murray Woolcock as chief financial officer and Scott Greubel as EVP of construction.

  • Main announcement: Stream appointed Murray Woolcock (CFO) and Scott Greubel (EVP of Construction) to support hyperscale growth; the two bring more than 50 years of combined experience. Woolcock (25+ years) previously served as an operating executive at Apollo and will lead capital strategy, financial operations, reporting, procurement, and investment underwriting to scale for accelerating demand. Greubel (25 years at DPR Construction) will scale construction capabilities and replicable design/construction standards, having completed data center projects for Intel, Colo.com, Yahoo, T-Mobile, Intuit, Adobe, and Meta and helped grow DPR revenue from $650 million to over $10 billion.
  • Background/other details: In August (prior year), Apollo acquired a majority interest in Stream Data Centers from Stream Realty Partners; with Apollo backing Stream is positioned to execute on a multi-gigawatt pipeline, and Apollo Funds and affiliates may potentially deploy “billions of dollars” into next-generation digital infrastructure. No specific deployment timelines or dollar amounts were announced in this article.
• May 14, 2026

  Land and Expand: NVIDIA, IREN, Coatue, Microsoft, Switch, Cerebras, Core Scientific

  NVIDIA announced two major partnerships to accelerate industrial-scale AI infrastructure deployment with IREN and Corning Incorporated.

  • Main announcement: NVIDIA partnered with IREN to target deployment of up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure (focus on IREN’s 2-gigawatt Sweetwater campus in Texas) and separately partnered with Corning Incorporated to expand U.S. optical connectivity manufacturing (10x optical connectivity capacity increase; >50% domestic fiber production increase; construction of three new advanced manufacturing facilities in North Carolina and Texas). The IREN deal includes a five-year right for IREN to sell NVIDIA up to 30 million ordinary shares at $70 per share (potential consideration up to $2.1 billion).
  • Background and details: The article details additional industry moves into powered land, gigawatt campuses, crypto-to-AI conversions, and domestic supply-chain expansion, including Coatue/Next Frontier & Fluidstack’s 430 MW Indiana campus backed by $5.7 billion in senior secured notes (first 65 MW online by July 2027), Digi Power X’s 10-year MSA with Cerebras for a 40 MW Columbiana, AL campus (initial contract ~$1.1 billion, potential $2.5 billion, Phase 1 ready-for-service targeted Dec. 15, 2026), CloudBurst’s Texas campus ($14.5 billion investment; 1.2 GW planned), and Core Scientific’s acquisitions and campus expansions (e.g., $421 million cash acquisition of Polaris DS LLC; Muskogee and Pecos expansions to ~1.5 GW gross power).
• May 14, 2026

  Policymakers Consider Temporary Pause on AI Data Center Construction: What Stakeholders Need to Know

  On March 25, 2026, Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez announced the Artificial Intelligence Data Center Moratorium Act.

  • Main announcement: The Artificial Intelligence Data Center Moratorium Act, introduced by Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez on March 25, 2026, would impose a nationwide halt on constructing or upgrading new or existing data centers with a power demand of 20 megawatts (MW) or more until “strong national safeguards” are in place; the Act also seeks to bar government subsidies, require union labor/prevailing wages, and give affected communities ability to approve or reject projects.
  • Background and related measures: Multiple state and local actions are cited including New York Senate Bill 9144 (prohibits permits for data centers capable of using 20 MW or more until new regulations), indefinite local moratoriums (e.g., Oldham County, KY), over 100 localities with moratoria, a reported $156 billion across 48 projects blocked or delayed in 2025, and the Port Washington, WI referendum requiring voter approval for tax-increment financing for projects with base value or project costs over $10 million; Virginia legislative action (Senate Bill 30) would end a sales/use tax exemption for certain data center equipment on January 1, 2027.
• May 14, 2026

  US annual electricity consumption to grow 55% by 2050: NEMA

  NEMA published an updated forecast announcing that U.S. net electricity consumption will grow from 3,936 TWh in 2024 to 6,130 TWh by 2050, with the steepest growth concentrated in the current decade.

  • Main announcement: NEMA’s update projects more than 55% electricity consumption growth by 2050, cites a 300% jump in data center energy consumption over the next 10 years, a 2,000% increase from the electric transportation sector through 2050, and states data centers may account for 38% of net consumption through 2037.
  • Background and details: The report updates an April 2025 study (previously forecasting 50% growth), provides regional projections (largest data center demand growth in mid-Atlantic and Texas through 2035; greatest EV growth in the Northeast and West through midcentury), and lists generation and storage capacity outlooks (e.g., 303 GW standalone battery storage, 568 GW solar, 408 GW wind by 2043).
• May 13, 2026

  AI Infrastructure’s Next Bottleneck May Be Public Acceptance

  Melissa Farney (Data Center Frontier) argues that AI data center expansion has become a first‑order political and permitting constraint, citing recent legislative and local actions including the “Artificial Intelligence Data Center Moratorium Act” proposal and Maine’s LD 307 veto.

  • Main point: The article states that AI‑oriented data center growth is now a core political and permitting risk for operators, not just a siting or PR issue, citing industry forecasts such as JLL’s ~$710 billion North America capex projection to 2026 and project‑level impact estimates from Data Center Watch (approximately $18B blocked and $46B delayed, totalling $64B) and a New York Times compilation of $156B across 48 AI projects disrupted in 2025.
  • Key supporting facts & recent actions: Federal and state moves are already concrete: Sen. Bernie Sanders and Rep. Alexandria Ocasio‑Cortez unveiled the “Artificial Intelligence Data Center Moratorium Act”; Maine’s LD 307 (would have paused data centers >20 MW through Nov 1, 2027) was vetoed by Gov. Janet Mills; local utilities like the Ypsilanti Community Utilities Authority (YCUA) imposed a 12‑month moratorium on new water/sewer hookups in April 2026. The article also highlights New Jersey bill S731/A796 (require 85% of requested service for 10 years for very large loads) as an example of state-level cost‑allocation tools.
• May 11, 2026

  INNIO Group Announces Filing of Registration Statement for Proposed Initial Public Offering 

  INNIO Group has announced it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common shares.

  • Filing and listing: INNIO has filed a Form S-1 with the U.S. SEC for a proposed IPO and has applied to list its common shares on the Nasdaq Global Select Market under the ticker “INIO”; timing, number of shares and price range have not been determined and the offering is subject to market and other conditions.
  • Underwriters, prospectus and offering details:Goldman Sachs, J.P. Morgan and Morgan Stanley are named as joint lead book-running managers; additional bookrunners and co-managers (BofA Securities, Barclays, Citigroup, Baird, BNP Paribas, Deutsche Bank Securities, RBC Capital Markets, UBS Investment Bank, Credit Agricole CIB, Erste Group, UniCredit, Academy Securities, Drexel Hamilton) are listed; preliminary prospectus copies will be available from the named banks and the offering will be made only by means of a prospectus.
• May 11, 2026

  NTIA to BEAD Winners: ‘Know Your Rights’

  The Commerce Department’s NTIA issued a memo instructing ISPs and state broadband offices not to alter required contract language for BEAD subgrants and telling subgrantees to notify their Federal Program Officer if required language is omitted or changed.

  • Main action: NTIA’s memo (posted by the Benton Institute) warns that altering or omitting required BEAD contract language will put the $42.45 billion Broadband Equity, Access, and Deployment (BEAD) subgrant — and the state’s award — at risk; NTIA told ISPs to notify a Federal Program Officer if a proposed contract attempts to “alter a subgrantee’s rights or fails to include required language.” The agency publicly discussed the guidance at an April 27 NTCA event (Arielle Roth speaking).
  • Background and implementation details: The memo reiterates a June 2026 NTIA rule requiring states to agree not to enforce net neutrality or broadband rate laws on BEAD participants (applies statewide); it mandates states commit to a 90-day permitting approval/denial process including a single point of contact, streamlined permitting processes, tracking and publicly posting unresolved permitting disputes, and exploring use of non-deployment funding (guidance on that funding was due in March but is delayed). The memo followed a April 27 press release from New York Gov. Kathy Hochul and references actions by ISPs such as SpaceX (which sought looser performance monitoring).