CAPRE’s Data Center Industry Round Up for Aug 2, 2019

Check out the latest in deals, development and disruptive technology in the data center space for Aug 2, 2019:

  • 20 MW Fuel Cell-Powered Data Center Secures $55 Million Tax Break from State of CT: Connecticut Innovations has approved a ten-year sales-and-use tax exemption for the new fuel cell-powered data center to be built by Energy Innovation Park, LLC (EIP) and ThunderbirdCHP in New Britain. The $55.2 Million USD tax break will be the largest exemption of its kind in the ten years since the tax incentive program was conceived. The project will be housed in a 45,000 square foot former factory. EIP plans to likely infuse $1 Billion USD into the data center development, which will consist of 20 megawatt micro grid powered by 44 trailer-sized fuel cells. EIP also expects that the data center will generate over $200 million USD in state tax revenue and $45 million USD in local tax revenue over the next 20-years.
  • CoreSite Delivers SDN Inter-Site Connectivity between Markets: CoreSite is now offering SDN inter-site connectivity between seven of its edge markets. With the CoreSite Inter-Site Connectivity solution customers can secure their distributed IT infrastructure with private SDN connections, versus accessing data over the internet, simplify hybrid cloud architectures for multi-cloud and multi-site network capabilities, improve performance and greatly reduce network provisioning times, and obtain access to more than 775 network, cloud and IT service providers.
  • Digital Realty To Enter South Korea: Digital Realty has entered into a definitive agreement to acquire land in Seoul, South Korea for the development of a new, carrier-neutral data center facility.  The site is located within the Sangam Digital Media City in northwest Seoul, a newly developed urban planning zone focused on technology and media companies, designed to promote South Korea’s digital economy.  The 22,000 square foot land parcel is being sold by the Seoul Metropolitan Government and will support the development of up to 12 megawatts of critical IT capacity.  Construction is expected to commence within the coming months and to be complete in 2021.
  • STACK INFRASTRUCTURE Announces Headquarters Location in Denver:  STACK INFRASTRUCTURE will establish its corporate headquarters at 1600 Broadway in Denver’s central business district. The headquarters, planned to open September 1, 2019, will centralize STACK’s executive leadership and provide a geographically and strategically well-placed platform to enable the Company’s continued corporate growth.

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