New York Data Center Intel

Recent New York data center news

• Mar 19, 2026

  Fervo Energy Secures More Funding for Cape Station Geothermal Project

  Fervo Energy has announced it closed $421 million in non-recourse debt financing for the first phase of its flagship Cape Station geothermal project in Beaver County, Utah.

  • Financing and lenders: The oversubscribed package totals $421 million and includes a $309-million construction-to-term loan, a $61-million tax credit bridge loan, and a $51-million letter of credit facility; RBC Capital Markets served as financial advisor and coordinating lead arranger alongside Barclays, BBVA, HSBC, MUFG, and Société Générale, with additional participation from J.P. Morgan, Bank of America, and Sumitomo Mitsui Trust Bank, Limited (New York Branch).
  • Project scope and timeline: Cape Station is expected to deliver first power to the grid this year, reach about 100 MW of operating generation capacity by early next year, and is designed to eventually scale to 500 MW; the first-phase output is fully contracted under PPAs with Southern California Edison, Shell Energy, and community choice aggregators.
• Mar 19, 2026

  Project Stalled: Grid Bottlenecks Threaten the Fifth Industrial Revolution

  Data Center Frontier (Melissa Reali) warns that the primary constraint for contemporary AI data center deployment is deliverable power and multi‑year interconnection bottlenecks.

  • Main finding:multi‑year interconnection queues, transformer lead times (80–120+ weeks), and permitting/transmission delays are stalling AI campus deployments; concrete examples include PJM wait times beyond eight years, ERCOT large‑load queue ~226 GW (≈77% tied to large data centers), and NYISO 48 large‑load requests totaling ~12 GW. The article cites a $14.2M USD reported cost for a one‑month delay on a 60 MW facility and notes the Amazon–Talen Energy long‑term arrangement for up to 1,920 MW from Susquehanna nuclear as an example of a bring‑your‑own‑power approach.
  • Background and policy context: Federal rulemakings—FERC Order 2023 (generator interconnection reform) and RM26‑4 (large‑load interconnection standards)—are underway but will take years to implement; the Department of the Interior’s late‑2025 stop‑work orders paused multiple offshore wind projects (putting billions of dollars temporarily in limbo), and domestic transformer manufacturing still supplies only a fraction of demand (lead times and an ~80% import reliance for transformers were reported).
• Mar 19, 2026

  Tariffs Add Cost, but Component Shortages Dictate Data Center Timelines

  The article reports on fluctuating US tariffs and persistent component shortages affecting data center construction.

  • Key developments on tariffs (main announcement): The US Supreme Court in February 2026 invalidated portions of certain tariff measures, prompting the Trump administration to issue revised tariff measures while legal challenges continue; affected companies are suing to recover duties paid and litigation remains ongoing, creating uncertainty over import costs and duty recoveries.
  • Supply-chain and project-level details:DRAM and HBM are reported sold out through 2028, SSD and HDD availability is constrained (Western Digital capacity tight into 2027), and Micron has announced a planned $100 billion fabrication plant in New York; hyperscalers are absorbing most available accelerators and memory, and owners are shifting procurement (increase in OFCI — owner-furnished, contractor-installed) to manage extreme lead times.
• Mar 18, 2026

  United States Data Center Company T5 Data Centers to Raise $2 Billion Funding, Founded in 2008 by Pete Marin & Colleagues from The Staubach Company

  T5 Data Centers has announced it is raising $2 billion in funding.

  • Main announcement:T5 Data Centers has announced a fundraising effort to raise $2 billion (reported 18th March 2026). The company was founded in 2008 by Pete Marin & colleagues from The Staubach Company and the report is published by Caproasia (dateline: New York City; article dateline: Hong Kong).
  • Background and details:T5 offers build-to-suit data center solutions, development, construction, and facility management services, and positions itself to support companies working in AI and technology innovation; the article provides no specific timeline or use-of-proceeds details for the $2 billion raise.
• Mar 17, 2026

  United States Advanced Thermal Tech Company Frore Systems Raised $143 Million in Series D Funding Round at $1.64 Billion Valuation, Founded in 2018 by Seshu Madhavapeddy & Surya Ganti, Investors Include MVP Ventures, Fidelity Management & Research Company, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group & Alumni Ventures

  Frore Systems has raised $143 million in a Series D funding round at a $1.64 billion valuation (announced 17 March 2026, dateline Hong Kong).

  • Main announcement:Frore Systems has raised $143 million in a Series D round at a $1.64 billion valuation; the company was founded in 2018 by Seshu Madhavapeddy and Surya Ganti and the investors named include MVP Ventures, Fidelity Management & Research Company, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group, and Alumni Ventures.
  • Background and product details: Frore Systems is headquartered in Silicon Valley with manufacturing operations in Taiwan; flagship products include LiquidJet™, LiquidJet™ Nexus, and AirJet®, which are positioned for data center and edge cooling (claims include improved GPU performance, better PUE, and reduced TCO); the article is an announcement/press-style report published on Caproasia on 17 March 2026.
• Mar 16, 2026

  Dell AI Factory with NVIDIA: Driving Innovation Worldwide

  Dell Technologies highlights deployments and customer successes using the Dell AI Factory with NVIDIA, and notes NxtGen is building India’s first and largest AI factory.

  • Main announcement/action: Dell showcases customer deployments of the Dell AI Factory with NVIDIA (launched two years ago) and highlights concrete customer projects: Zoho powering enterprise AI for >150 million users, Lowe’s using AI across >1,700 stores, and NxtGen building India’s first and largest AI factory using Dell IRSS with liquid-cooled PowerEdge XE9685L servers and NVIDIA Blackwell GPUs.
  • Background and details: Examples include IREN’s Prince George data center as Canada’s first cluster with Dell IRSS and NVIDIA GB300 NVL72 (announced last year), Wellcome Sanger Institute sequencing a genome every seven hours on Dell PowerEdge XE servers, and The Guthrie Clinic reporting $7 million in operational savings in 2023 and a ~70% reduction in patient falls with injuries; deployment timelines referenced in press releases span 2024–2026.
• Mar 16, 2026

  AEP Ohio Default Supply Rate Projected to Rise $37 by June

  OHEnergyRatings.com warns AEP Ohio will likely raise its Price to Compare (PTC) supply rates, potentially increasing average monthly bills by about $37 for typical customers by June.

  • Main announcement: OHEnergyRatings.com says AEP Ohio may raise PTC rates on April 1 and a further increase tied to PJM capacity auction rules on June 1 could combine to raise average monthly bills by $37 (example: from current levels to ~14 cents/kWh). It notes AEP Ohio will change PTC rates three times between March 31 and July 4, with two of those likely increases.
  • Background and specifics:Winter Storm Fern drove natural gas demand and prices higher (Henry Hub $9.03 per mmBTU on Jan 28, NYMEX Feb contract $7.460 per mmBTU; some regional hubs spiked > $40 per mmBTU). Historical April PTC changes averaged ~2%; a minimum 2% April hike would set AEP Ohio to 12.678 cents/kWh (an 850 kWh monthly user would pay ~$17 more). A prior June 1, 2025 capacity change added ~2.2 cents/kWh; a repeat-sized June increase could add ~$20 more, yielding the combined $37 figure. The analysis cites data center development and LNG exports as contributing to higher gas-driven generation demand.
• Mar 16, 2026

  United States $744 Billion Private Equity Firm KKR Reviewing to Sell Canada AI & Data Centers Liquid Cooling Company CoolIT Systems for $3 Billion, CoolIT Systems Founded in 2001 by Brydon Gierl, Acquired by KKR in 2023

  KKR is reported to be reviewing a sale of CoolIT Systems for $3 billion.

  • Main announcement: KKR (a United States private equity firm with $744 billion AUM) is reviewing to sell Canada-based CoolIT Systems for $3 billion, per the report; the review concerns the sale of the AI & data-centre liquid cooling company.
  • Background/details:CoolIT Systems was founded in 2001 by Brydon Gierl, acquired by KKR in 2023, and specializes in modular Direct Liquid Cooling (Rack DLC™) for enterprise data centers, HPC and desktop markets. No transaction timeline or buyer named in the report.
• Mar 15, 2026

  Formula 1 (F1) Cancels Grands Prix Races in Bahrain (10th to 12th April 2026) & Saudi Arabia (17th to 19th April 2026) Due to Ongoing War Between United States-Israel & Middle East Country Iran

  Formula 1 has announced the cancellation of the Bahrain and Saudi Arabian Grands Prix scheduled for April 2026.

  • Main announcement: Formula 1 has cancelled the Bahrain Grand Prix (10–12 April 2026) and Saudi Arabian Grand Prix (17–19 April 2026) after evaluations; Formula 2, Formula 3 and F1 ACADEMY rounds scheduled for those dates will also not take place, and the decision was made in full consultation with the FIA and respective promoters.
  • Background and related actions (facts & timelines):United States International Development Finance Corporation announced a $20 billion reinsurance program for oil tankers and maritime traffic in the Strait of Hormuz (announcement dated 10 March 2026); Iran reportedly used drones to attack UAE-based Amazon data centers in March 2026 (causing disruptions to banks including Emirates NBD and ADCB, and payments platforms Alaan, Hubpay); major banks (Citigroup, Goldman Sachs, Morgan Stanley) allowed UAE staff to temporarily exit and work remotely; UAE stock exchanges reopened on 4 March 2026 after a 2-day suspension; UAE authorities covered hotel/meals for ~20,000 stranded travellers following airspace shutdown.
• Mar 13, 2026

  Dell Simplifies Storage for the AI Era

  Dell Technologies has outlined its AI-era storage strategy and promoted an AI-ready storage backbone featuring PowerStore, PowerScale, ObjectScale, the Dell Automation Platform and the Dell AI Data Platform, and emphasized integration with the Dell AI Factory with NVIDIA.

  • Main announcement/action: Dell positions its storage stack as a strategic, board-level decision: it highlights PowerStore for core/private-cloud workloads and PowerScale/ObjectScale plus the Dell AI Data Platform to feed GPUs at line rate; it also presents the Dell Automation Platform to manage compute, networking and storage across multi-hypervisor, multi-workload environments and references integration with the Dell AI Factory with NVIDIA (no monetary values or timelines stated).
  • Background and details: The article summarizes Arthur Lewis’s theCUBE interview at the New York Stock Exchange and cites customer examples—Oregon State University (petabyte-scale marine research data) and Kennedy Miller Mitchell (AI-assisted film production); it urges CIO actions: make storage the first AI design decision, move beyond HCI-only architectures, and standardize on an AI-ready storage backbone.