As demand for data centers demand intensifies, thanks to AI, their development has expanded to unexpected places.
Dominion Energy, the utility in northern Virginia, the world’s largest data center market, told builders last year that the grid was struggling to add capacity and that new projects could take years to power up, according to a spokesman. In 2022, Novva raised $355 million from the real estate investment and development firm CIM Group to build “1,000 mega-watts of designed data center capacity by 2027.”
