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Wisconsin Data Center Intel
Latest data center news, projects, power and policy across Wisconsin — updated daily.
Recent Wisconsin data center news
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Fluor profits fall, data center and nuclear offer upside
Fluor reports Q3 2024 results with focus on data center construction and nuclear energy projects, including small modular reactors, despite project delays affecting earnings. The company has earned $54 million in Q3 2024 (down from $206 million year ago) with revenue of $4.09 billion and backlog of $31.32 billion, while developing innovative solutions like offsite modularization for data centers and expanding its nuclear portfolio to meet rising power demands.
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Data center vacancy rate hits record low in H1 2024 as power supply challenges persist: CBRE
In H1 2024, data center supply rose but vacancy rates hit record lows due to power supply challenges, reports CBRE. Atlanta led a 26% pricing increase. Significant activity boosts were seen in Austin, San Antonio, and tertiary markets like Mt. Pleasant, Boise, and Cheyenne. Rental rates forecast to rise amid ongoing demand.
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Data center vacancy rate hits record low in H1 2024 as power supply challenges persist
In H1 2024, data center vacancy rates hit record lows due to power supply challenges and longer electrical infrastructure lead times, per CBRE. Atlanta’s under-construction activity rose 76%, leading primary markets. Rental rates are expected to climb. Hyperscale data development is notable in tertiary markets like Mt. Pleasant, Wisconsin; Boise, Idaho; and Cheyenne, Wyoming.
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Fluor expects growth in data center, semiconductor construction
Fluor CEO David Constable highlighted growth in data center and semiconductor construction driven by cloud technology and AI. The company is involved in major projects, including Northvolt’s battery facility in Germany. Fluor’s Q2 2024 earnings rose to $169M, with revenue at $4.2B. Fluor’s backlog reached $32.3B.
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Microsoft plows $3.3B into data center at former Foxconn site
Microsoft is investing $3.3 billion in a data center at a former Foxconn site in Mount Pleasant. The project aims to create 2,300 jobs by 2025. To address power constraints, Microsoft is partnering with National Grid Renewables to build a 250-megawatt solar project in Wisconsin. The data center will utilize a closed-loop cooling system to recycle water, addressing environmental concerns. Builders and contractors like MasTec and Jacobs Solutions are eyeing opportunities in this expanding sector.
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Microsoft plows $3.3B into data center at former Foxconn site
Microsoft is investing $3.3 billion in a data center project at a former Foxconn site in Mount Pleasant, expected to create 2,300 construction jobs by 2025. To address power constraints, Microsoft will collaborate with National Grid Renewables on a 250-megawatt solar project in Wisconsin. The data center will utilize a closed-loop cooling system to conserve water. Builders are optimistic about the growth potential in the data center industry.
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Fluor sees opportunity in data center boom
Fluor Corporation is capitalizing on the data center boom, with CEO Constable highlighting a surge in construction akin to onshoring manufacturing. The company’s earnings skyrocketed to $59 million, and its backlog reached a promising $32.7 billion. New contracts, like the $409 million deal with the Air Force, are propelling Fluor’s growth.
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Oracle, Google and Meta lead data center construction surge
Data center construction surged in the second half of 2023, with companies like Oracle, Google, and Meta leading the way. Larry Ellison of Oracle emphasized improving construction efficiency. Meta chose Turner Construction for an $800 million data center in Indiana, while Microsoft’s $1 billion data center in Wisconsin is underway.