Data Center Investment News — 22/05/2026

May 22, 2026

Written by Angela Cáceres, Ensar Aljimi

STACK Infrastructure Appoints Bobby Hollis as Americas Development Chief

STACK Infrastructure has named Bobby Hollis as its new Head of Development for the Americas, a strategic hire that underscores the company’s accelerating expansion across the region. Hollis brings extensive experience in data centre development and real estate, positioning STACK to move faster on its growing pipeline of hyperscale and colocation campuses from the US through Latin America.

The appointment reflects a broader industry trend of operators scaling leadership teams to match surging demand for AI and cloud infrastructure. As a senior development executive, Hollis will oversee site selection, design, construction, and delivery across a market that continues to attract record capital commitments from hyperscalers and institutional investors alike.

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NextEra Targets Virginia Data Centre Boom With $70 Billion Dominion Acquisition

NextEra Energy has set its sights on Dominion Energy in a potential $70 billion acquisition that would give it commanding control of the power grid serving Northern Virginia — the world’s largest data centre market. The deal, if completed, would position NextEra as the dominant utility underpinning the explosive growth of hyperscale campuses in Loudoun and Prince William counties, where demand for electricity is projected to double within the decade.

The proposed transaction carries significant implications for data centre operators, hyperscalers, and co-location providers that depend on Dominion for power delivery to their Virginia facilities. Regulatory scrutiny is expected to be intense, but the strategic logic is compelling: control of transmission infrastructure in Northern Virginia represents one of the most valuable energy assets in North America given the region’s unrivalled concentration of cloud and AI workloads.

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Equinix Plans $190 Million New Data Centre in Malaysia

Equinix has announced plans to invest $190 million in a new International Business Exchange data centre in Malaysia, further cementing the country’s emergence as a premier digital infrastructure hub in Southeast Asia. The facility will expand Equinix’s regional footprint at a time when hyperscalers and enterprises are rapidly increasing their presence in Kuala Lumpur and Johor, drawn by competitive land costs, renewable energy availability, and proximity to Singapore.

Malaysia has become one of the most sought-after data centre markets in Asia Pacific, with multiple global operators committing billions to new capacity. The Equinix investment signals continued confidence in the country’s regulatory environment and digital ambitions, while also intensifying competition for skilled technical and facilities management talent across the region.

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Blackstone and Google Launch $5 Billion AI Infrastructure Venture

Blackstone and Google have jointly launched a $5 billion venture aimed at accelerating the development of AI-ready data centre infrastructure across key markets. The partnership combines Blackstone’s capital deployment expertise and extensive real estate portfolio with Google’s technical requirements and hyperscale demand, creating a vehicle designed to fast-track the delivery of high-density compute facilities.

The joint venture is among the largest AI infrastructure commitments announced by a private equity firm alongside a hyperscaler, and signals the deepening relationship between institutional capital and big tech in building out the physical layer of the AI economy. For the data centre industry, it represents yet another signal that AI-driven demand will underpin years of sustained construction activity, and will intensify competition for development sites, power interconnects, and specialised engineering talent.

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Amazon to Spend $39 Billion in Southeast Asia Over Next 13 Years

Amazon Web Services has committed $39 billion to digital infrastructure investment across Southeast Asia over the next 13 years, one of the largest long-term capital pledges ever made by a hyperscaler in the region. The investment will span data centres, cloud infrastructure, and skills development programs across multiple countries, with particular focus on markets such as Malaysia, Indonesia, Thailand, and the Philippines.

The commitment reinforces Southeast Asia’s status as a critical battleground for cloud and AI market share, with AWS, Microsoft, Google, and a growing number of Chinese hyperscalers all racing to establish dominant infrastructure positions. For local governments, the investment translates into jobs, supply chain development, and digital sovereignty — while for the broader industry, it signals sustained demand for construction, engineering, operations, and security talent across the region for well over a decade.

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Global Data Center Capacity Under Construction Reached 31.7GW in 2025, More Than Double the Year Before

Global data centre capacity under construction reached 31.7 gigawatts in 2025, representing more than double the volume recorded just twelve months prior, according to a new industry report. The extraordinary pace of construction reflects the collision of AI compute demand, hyperscaler expansion, and institutional capital flowing into digital infrastructure at unprecedented scale.

The figure highlights the extraordinary transformation the industry is undergoing, with power and land constraints in established markets pushing developers into new geographies while forcing utilities and governments to accelerate grid upgrades. For workforce planning, the doubling of under-construction capacity implies a corresponding surge in demand for project managers, commissioning engineers, data centre technicians, and facilities professionals across every major region.

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Fleet Breaks Ground on Data Center Outside Reno, Nevada

Fleet, a data centre developer and operator, has broken ground on a new facility in the greater Reno, Nevada area, adding to the growing cluster of digital infrastructure assets in a market prized for its low energy costs, favourable tax environment, and relative proximity to California’s technology corridor. The project reflects continued operator confidence in secondary US markets as primary hubs like Northern Virginia and Silicon Valley face power and land constraints.

Reno has steadily attracted data centre investment from both established operators and newer entrants seeking to serve West Coast hyperscalers and enterprises with alternative colocation options. Fleet’s groundbreaking adds another development to a regional pipeline that is creating sustained demand for construction labour, electrical engineering expertise, and long-term operational staffing in Northern Nevada.

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STAK Energy Proposes 3GW Natural Gas-Powered Data Center in Alaska’s North Slope

STAK Energy has unveiled a proposal to develop a 3-gigawatt natural gas-powered data centre campus on Alaska’s North Slope, leveraging stranded gas reserves to power large-scale AI compute infrastructure in one of the most remote locations yet considered for a major data centre project. The proposal, if advanced, would represent one of the largest single-site capacity announcements in the industry’s history.

The initiative highlights the growing lengths to which developers are going to secure reliable, low-cost power for AI workloads at a time when grid capacity in established markets is severely constrained. While the North Slope’s logistics and climate present formidable development challenges, the availability of abundant gas reserves makes it an unconventional but potentially compelling solution for operators prioritising power security over geographic convenience.

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STACK Commits $7.35BN Investment Into Data Center Campus in Berry Hill, Virginia

STACK Infrastructure has committed $7.35 billion to a large-scale data centre campus development in Berry Hill, Virginia, one of the most significant capital investments in the state outside of the established Northern Virginia corridor. The campus will serve hyperscale customers seeking new capacity in a mid-Atlantic market with access to competitive power rates and available land for large footprint deployments.

The investment deepens STACK’s position as one of North America’s leading hyperscale developers and signals the continued geographic expansion of the data centre industry beyond saturated primary markets. Berry Hill’s emergence as a data centre destination will generate substantial demand for development, construction, and operations talent in a region that has not previously been a major focus of the industry’s workforce.

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Real Estate Developer Panattoni Takes Over Meta-Backed Data Center Proposal in Southern Wisconsin

Industrial real estate developer Panattoni has assumed control of a Meta-backed data centre proposal in southern Wisconsin, stepping in to advance a project that had been in planning as the social media giant reassesses its direct development approach in certain markets. The move is consistent with a broader trend of hyperscalers partnering with or handing off to specialist developers to accelerate delivery timelines.

Panattoni’s involvement brings deep industrial real estate expertise and an established track record of large-format logistics and data centre development to the Wisconsin project. For the regional economy, the transition keeps the project alive and maintains prospects for significant construction and operational employment, while for the industry it illustrates the increasingly collaborative dynamic between hyperscale tenants and third-party developer operators.

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Italy Plans to Build Europe’s Largest Data Center in Former Trino Power Plant

Italy has announced plans to develop what would become Europe’s largest data centre within the footprint of the former Trino nuclear power plant in Piedmont, a project that would dramatically reshape the country’s digital infrastructure landscape and its position within the European cloud and AI ecosystem. The site’s existing grid connections, cooling water access, and large-scale industrial footprint make it a compelling candidate for a hyperscale campus of continental significance.

The proposal represents the most ambitious European sovereign digital infrastructure initiative in recent memory and, if realised, would establish Italy as a tier-one data centre market capable of competing with established hubs in Frankfurt, Amsterdam, London, and Dublin. The scale of the project would require years of sustained investment in engineering, construction, and operational talent, creating a significant long-term employment opportunity in a region that has seen limited data centre activity to date.

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