P206news.today206Tue 03 Nov14:46
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BUSINESS 6/9
Drax and Brookfield to build £20bn AI data centre in North Yorkshire
Energy firm Drax and investor Brookfield plan to build a major AI data centre at Drax Power Station in North Yorkshire.
Drax Group and investment firm Brookfield have signed an agreement to jointly develop an AI data centre on the Drax Power Station estate in North Yorkshire. Brookfield estimates total investment, including semiconductors, could exceed £20 billion, with an initial £2.5 billion in the first phase. The project aims to begin operations with 100 megawatts of capacity in the first quarter of 2028, expanding to 500 megawatts by 2031 and eventually exceeding 1 gigawatt. The initial phase is subject to planning approval, regulatory clearance and network approvals, as well as securing a commercial tenant.
From 4 outlets:
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Summary written by AI from these reports. See news.today/ai
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