Cloverleaf Infrastructure secures $300 Million for clean-powered data centres
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Cloverleaf Infrastructure announced that it has secured $300 million to develop clean-powered data centre sites.
The capital commitment of $300 million was received from private equity investors NGP and Sandbrook Capital, along with contributions from the US-based company’s management team.
Leveraging knowledge about power and data centre industries, Cloverleaf plans to partner with local US utilities and data centre operators to provide expandable renewable energy through planned investments in transmission, grid connection, land, on-site power generation, and energy storage.
Also read: Danish startup secures $43 million to build full-scale decarbonisation plants
David Berry, Cloverleaf’s CEO, said, “The rapid growth in demand for electricity to power cloud computing and artificial intelligence poses a major climate risk if fueled by high-emission fossil fuels.”
He added, “However, it’s also a major opportunity to catalyse the modernization of the US grid and the transition to a smarter and more sustainable electricity system through a novel approach to development. Cloverleaf is committed to making this vision a reality with the support of leading climate investors like Sandbrook and NGP.”
Cloverleaf was recently established as a developer of “large-scale infrastructure sites powered by low-carbon electricity.”
The team consists of individuals with experience from well-known independent power developers like Pattern Energy and ConnectGen, as well as large data centre operators like Microsoft.
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