Volta lands $10 billion AI contract before Norway capacity comes online
London-based Volta has raised $300m at a $2.4bn valuation and announced a six-year cloud contract worth $10bn. The agreement covers a 133 MW Norwegian data centre using Nvidia systems, although the customer was not named by Volta. The project shows how AI companies are contracting for power and computing infrastructure before construction is complete. Seven […]
National Grid Ventures makes $1.75 billion bet on data centre power
National Grid Ventures will invest $1.75 billion for a 35% stake in Joulent, a US energy platform building 2.67 GW of gas-fired capacity in West Texas to power AI data centres. The project, known as Project Kilby, will be jointly owned with Chevron and is backed by a 20-year power purchase agreement (PPA) with a […]