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New York Data Center Intel
Latest data center news, projects, power and policy across New York — updated daily.
New York · Construction & power moves · 4
full tracker →Land, power, and interconnection moves across New York — each traced to primary filings.
Top JUST IN — New York
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Energy-intensive Projects in NYISO’s Interconnection Queue
Source: NYISO · Aug 26, 2025NYISO says the New York large-load interconnection queue has expanded sharply: “As of July 2025, there are 29 large load projects in the queue which would collectively add nearly 6,055 MW of load to the grid,” up from “six large load projects in the interconnection queue” totaling “1,045 MW” in 2022. NYISO adds that “The increase in forecasted demand poses a major challenge to grid reliability in New York” and that roughly “2,500 MW to 4,000 MW” of that demand could be on the system by 2035.
Backed by 1 primary filing — sign in or book a call to see all sources.
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Filing Description for Accession Number 20260727-3054
Source: Federal Energy Regulatory CommissionFERC’s eLibrary entry says it is a “Letter order accepting New York Independent System Operator, Inc.’s 04/15/2026 filing of an informational filing in response to the directive of an April 2024 Commission order under ER23-2040,” indicating a regulatory action tied to NYISO and the Commission’s prior directive.
Backed by 1 primary filing — sign in or book a call to see all sources.
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PRESS RELEASE | NYISO Report Highlights Need for New Generation and Transmission Investment to Meet Growing Demand and State Policy Targets
Source: New York Independent System Operator (NYISO) · Jul 23, 2026NYISO says New York will need substantial new investment in generation and transmission to serve rising demand, noting that “demand growth is outpacing resource additions” and that “emerging large loads” are increasing electricity needs and reshaping when and where demand occurs. The NYISO also highlights grid constraints and buildout priorities, including the need to “reduce congestion and increase transfer capability across the Central East interface” and support “bulk transmission upgrades” in Northern New York (NYISO, July 23, 2026).
Backed by 1 primary filing — sign in or book a call to see all sources.
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Commissioner Chang’s concurrence – New York Independent System Operator, Inc.
Source: FERCFERC says in these orders that it has initiated FPA section 206 proceedings to examine large-load growth and possible tariff reforms that could change how loads “procure, use, and pay for transmission service.” It also says it is launching an inquiry into cost shifting, including possible requirements to publish information on new large loads, upgrades, and costs, and to adopt a pro forma cost recovery agreement. FERC further says tariffs lack clear provisions for evaluating alternative transmission technologies, and that the Commission preliminarily would extend PJM co-location transmission services such as “Interim NITS, Firm Contract Demand, and Non-Firm Contract Demand” to new loads and regions.
Backed by 1 primary filing — sign in or book a call to see all sources.
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PRESS RELEASE | NYISO Releases Power Trends 2026
Source: New York Independent System Operator (NYISO) · Jun 09, 2026NYISO’s June 9, 2026 press release for Power Trends 2026 says that “the growth of large energy-intensive projects” is “accelerating demand and placing new strains on the grid,” and that “Large energy‑intensive projects and electrification are increasing demand and complicating forecasts.” The release frames this as a system-planning issue, not a specific project filing or regulatory action.
Backed by 1 primary filing — sign in or book a call to see all sources.
Recent New York data center news
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Milbank Cements Market Leadership with Over $125B in AI Infrastructure Deals and Launch of Digital Infrastructure Group
Milbank LLP has announced the creation of a multidisciplinary Digital Infrastructure Practice Group to support clients across the AI value chain, led by partners Dan Bartfeld, Erwin Dweck and Jaime Ramirez.
- Practice launch & focus: The new group is a formal, cross-disciplinary practice combining energy, infrastructure, finance and real estate expertise to serve the full digital ecosystem (GPUs/compute accelerators, data centers, fiber, towers, powered land and power solutions). The team led over $125 billion of digital-related transactions in 2025 and will span Milbank offices across the Americas, Europe and Asia.
- Background & recent deals: Milbank’s cross-practice team recently advised on a $27 billion Meta data-center financing (advising Morgan Stanley), Brookfield’s up to $5 billion strategic partnership with Bloom Energy, the consortium acquisition of Aligned Data Centers (Wren House), Nscale’s $1.1 billion Series B, and financings totaling over $9.5 billion for Switch. These are presented as representative, verifiable transactions the group has worked on.
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Beyond compute: Infrastructure that powers and cools AI data centers
McKinsey & Company projects AI-driven demand for data centers and the related capital and design implications.
- Main announcement/action: McKinsey & Company reports that AI-driven demand will expand data center capacity to 220 gigawatts by 2030 (a CAGR of 22%) and estimates $6.7 trillion in cumulative capital outlays worldwide by 2030 to meet compute demand; the report focuses on advances in power and cooling equipment and the need for codesigned systems.
- Background and details: The article emphasizes that power, cooling, and IT components must be codesigned, highlights opportunities for equipment manufacturers to pursue vertical integration and provide end-to-end services (repair, maintenance, commissioning), and notes time to market as a key buying preference for data center operators.
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GE Vernova Sees Gas Turbine Sales to Hyperscalers Surging
GE Vernova said hyperscalers are taking a rising share of its gas turbine reservations and confirmed it agreed to buy the remaining 50% stake in transformer-maker Prolec GE for around $5.3 billion.
- Market shift and order mix: GE Vernova reported ~90% of current turbine orders go to traditional customers and ~10% to hyperscalers, while paid reservations are about one-third for hyperscalers; turbines mostly sold out through 2028, the company is primarily taking 2029 orders now, and gas power backlog and reservations grew to 62 GW from 55 GW.
- Financials and deal specifics: The company agreed to buy 50% of Prolec GE for around $5.3 billion; reported power business orders +50% to $7.8 billion YoY and electrification orders +102% to $5.1 billion, and said many transformer 2027 slots have been sold.
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Alckmin: “A COP nos traz muitas oportunidades de investimento”
Geraldo Alckmin (acting president and Minister of Development, Industry, Commerce and Services) presented COP30 as a major opportunity to attract foreign investment, citing Brazil’s clean energy matrix and recent policy moves.
- Main announcement/action: Alckmin emphasized that COP30 in Belém is a chance to consolidate Brazil’s leadership and attract investment, highlighting that 80% of Brazil’s electricity is renewable, the country’s role in biofuels/SAF, and the target to achieve illegal deforestation zero by 2030; he also noted Brazil’s plan to be a SAF producer alongside India and the United States.
- Background and concrete details: He referenced concrete measures and deals: Petrobras’ contract of 6 million barrels of oil with India, launch of Redata to attract data centers, tariff negotiations and recent tariff reductions with the United States, and fiscal changes including income tax exemption for monthly incomes up to R$ 5,000 starting next year, a planned rise to 50% domestic pharmaceutical production next year and 70% by 2033, and the deforestation decrease of more than 50% to date.
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Pennsylvania’s $70 Billion Race for America’s Data Centers
Pennsylvania has announced an ambitious $70 billion state-led initiative to attract major AI data center investments and related infrastructure upgrades, unveiled in July at the Pennsylvania Energy and Innovation Summit at Carnegie Mellon University.
- Main announcement and projects:$70 billion initiative announced in July at the Pennsylvania Energy and Innovation Summit (Carnegie Mellon University, Pittsburgh). Key commitments include $25 billion Aliquippa steel mill redevelopment (Blackstone; joint venture with PPL Corp. on power generation), CoreWeave $6 billion for up to 300 MW in Lancaster, Energy Capital Partners $5 billion at York II Energy Center, PA Data Center Partners & Powerhouse $15 billion three-campus hub near Carlisle with 1.3 GW capacity, and Google/Brookfield 20-year repowering deal for Safe Harbor and Holtwood hydropower totaling 670 MW. The plan also includes workforce development via the Energy Innovation Center Infrastructure Academy and Meta’s $2.5 million investment to CMU’s Schwartz Center for Entrepreneurship.
- Background and implementation details: The plan is state-coordinated and privately funded (not federally backed like the CHIPS Act). It focuses primarily on power delivery and grid enhancements (rather than direct data center construction), leveraging Pennsylvania’s status as the 2nd-largest U.S. natural gas producer and a major coal producer. The Google-Brookfield arrangement is a 20-year repowering commitment; other projects are announced as multi-billion-dollar investments without explicit completion timelines. Industry sources quoted include Forrester Research (Alvin Nguyen), DVM Power + Control (Bob Ricci), and DataBank (Joe Minarik).
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NineDot Energy Announces $175 Million Corporate Debt Facility from Deutsche Bank
NineDot Energy completed a $175 million revolving debt financing with Deutsche Bank to scale community-scale battery energy storage in New York City.
- Main announcement: NineDot Energy closed a $175 million revolving debt facility from Deutsche Bank (NYSE:DB) to fund development activities across the project timeline — specifically grid interconnection deposits, equipment procurement, and project construction; the facility also enabled repayment of an existing revolver used for interconnection deposits with NY Green Bank.
- Background and details: NineDot currently has seven operating projects across four locations (The Bronx and Staten Island) that recently supported ~26,000 households; the company has >60 projects in development or construction and aims for 400 MW in development/construction/operation by end of 2026, aligned with New York State’s 6000 MW battery storage goal by 2030. Partners/backers named include Manulife and Carlyle.
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NineDot Energy Announces $175 Million Corporate Debt Facility from Deutsche Bank
NineDot Energy has completed a $175 million revolving debt financing facility with Deutsche Bank.
- Primary announcement: NineDot Energy completed a $175 million revolving debt facility from Deutsche Bank to fund development activities — including grid interconnection deposits, equipment procurement, and project construction — and used the facility to repay its existing revolver with NY Green Bank. The financing positions NineDot to scale community-scale BESS across New York City.
- Background and details: NineDot currently operates seven projects across four locations in The Bronx and Staten Island (supporting ~26,000 households on hot days), has >60 additional projects in development or construction, and is targeting 400 MW in development/construction/operation by end of 2026; this aligns with New York State’s 6,000 MW battery storage goal by 2030. Deutsche Bank’s statement also notes partnership support with Carlyle and Manulife.
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Energy Vault Closes $300 Million Preferred Equity Investment with Orion Infrastructure Capital (OIC), Officially Launching "Asset Vault" Platform in Move to Energy Asset Management and Long-Term Asset Development
Energy Vault has announced the closing of a $300 million preferred equity investment from OIC L.P. to launch Asset Vault, a fully consolidated subsidiary to develop, build, own and operate energy storage assets globally.
- Transaction and immediate deployment: The $300M preferred equity is non-dilutive to common shareholders and includes milestones for common equity participation; Energy Vault expects to draw nearly $200M over the next six months to start two late-stage projects in the U.S. and Australia, including the 125 MW / 1,000 MWh Stoney Creek BESS. The company states Asset Vault will accelerate deployment of +1.5 GW in priority markets and advance additional pipeline projects.
- Portfolio, financing and timeline: Asset Vault consolidates a portfolio of 3 GW and 12+ GWh of identified/acquired/operational projects across the U.S., Europe and Australia, including the 57 MW / 114 MWh Cross Trails BESS and the 8.5 MW / 293 MWh Calistoga Resiliency Center (CRC); projects are supported by long-term offtake agreements, ITC incentives, and project-level debt financing, with a targeted 15%+ levered IRR over a 20-year asset life. Energy Vault schedules a virtual Investor and Analyst Day on Wednesday, October 29, 2025 (virtual registration link provided).
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Soluna and KULR Technology Group Announce 3.3 MW Hosting Partnership at Project Sophie
Soluna announced a hosting partnership to operate Bitcoin mining capacity for KULR at its renewable-powered Project Sophie facility.
- Main announcement: Soluna will operate approximately 3.3 MW of Bitcoin mining capacity for KULR at Project Sophie in Kentucky; the deployment is expected to commence operations in Q4 2025, and the agreement uses a “Bitcoin Mining Lease” structure under which Soluna will deliver guaranteed hashrate and uptime targets and KULR will purchase, service, and manage mining hardware over the contract life.
- Background and details: The partnership expands Soluna’s customer base beyond traditional miners and hyperscalers; KULR committed up to 90% of its surplus cash reserves to Bitcoin earlier in the year; the announcement cites a Custom Market Insights projection that the global BBU Market will grow from 29.22 billion USD in 2025 to 43.64 billion USD by 2034. The press release is an official company announcement and contains forward-looking statements.
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Soluna and KULR Technology Group Announce 3.3 MW Hosting Partnership at Project Sophie
Soluna Holdings announced a hosting partnership with KULR Technology Group to operate approximately 3.3 MW of Bitcoin mining capacity at Project Sophie in Kentucky.
- Deal and implementation: Soluna will operate ~3.3 MW for KULR under a new “Bitcoin Mining Lease” structure that delivers guaranteed hashrate and uptime on daily and monthly bases; the deployment at Project Sophie is expected to commence operations in Q4 2025, and KULR will purchase, service, and manage its mining hardware over the life of the contract.
- Background and context: KULR has a Bitcoin Treasury Accumulation Strategy (committed up to 90% of its surplus cash to Bitcoin) and is expanding into Battery Backup Unit (BBU) solutions and AI hosting; a Custom Market Insights (July 2025) analysis cited in the release projects the global BBU market to grow from 29.22 billion USD in 2025 to 43.64 billion USD by 2034.