Data Center Investment News — 23/01/2026

January 23, 2026

Written by Angela Cáceres, Ensar Alijmi

Equinix launches data center in San Jose, California

Equinix has launched a new data center in San Jose, California, after energizing its SV12x facility, the first to come online under a new power partnership between the City of San Jose and utility PG&E. The 20MW, 82,000 sq ft, two-story facility is located at Equinix’s campus at 123 Great Oaks Blvd and brings the site’s total capacity to 40MW, with PG&E expanding capacity at the nearby Santa Teresa substation through upgrades funded by Equinix. Equinix Americas president Arquelle Shaw said the collaboration matters “so much” because reliable energy access is “a community investment as much as it is a technological one,” marking the company’s first California facility under its xScale hyperscale-focused platform.

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DayOne targets 560MW data center campus outside Helsinki, Finland

DayOne is planning a third data center campus in Finland, announcing early-stage plans for a development in Klaukkala, Nurmijärvi, around 30km north of Helsinki. The proposed campus, located in the Sudentulli area, could scale to as much as 560MW, with the Municipality of Nurmijärvi having initiated preliminary land sale discussions and DayOne signing a grid connection agreement with energy firm Fortum, though development timelines have not yet been disclosed.

The Klaukkala project follows DayOne’s first two Finnish developments in Lahti and Kouvola, marking the company’s expansion beyond Asia after being spun out from Chinese operator GDS last year. DayOne currently has more than 500MW of capacity in service and under construction globally, with the Lahti site’s first 50MW building due online in 2027 and the Kouvola campus, developed with Hyperco, set to serve TikTok, as the company continues to grow its European footprint.

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CleanArc partners with Crow Holdings for 245MW campus in Dallas, Texas

CleanArc has partnered with real estate firm Crow Holdings to develop a 245MW turnkey data center campus in Dallas, Texas, marking CleanArc’s expansion into the state. The multi-building project will be built on a 40-acre site in the Stemmons Corridor, with an initial 70MW building targeted for delivery in late 2027 and supported by an on-site substation. Backed by majority owner Snowhawk and led by Vantage Data Centers founder Jim Trout, CleanArc is targeting large-scale hyperscale campuses, while Crow Holdings says the Dallas development forms part of a broader national digital infrastructure strategy with more than 3GW of potential data center capacity under evaluation across several US markets.

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Infrakey, City of Lacy Lakeview unveil 925MW data center district in McLennan County, Texas

Infrakey DC Parks and the City of Lacy Lakeview have unveiled the Lacy Lakeview Data District (L2D2), a 520-acre public-private data center district in McLennan County, Texas, planned to support up to 925MW of capacity. Developed in phases, the district is designed as a multi-tenant, infrastructure-ready platform for hyperscale and AI workloads, offering coordinated ERCOT grid interconnection, on-site substations, behind-the-meter power and storage, reclaimed water, multi-path fiber, and optional district cooling. Phase I will deliver 300MW of grid power, with 150MW available initially and another 150MW by the end of 2027, while full build-out is expected to represent more than $2bn in infrastructure investment.

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Goodman files to develop 90MW data center campus in Sydney, Australia

Goodman has filed plans to develop a new data center campus in Sydney, Australia, submitting a SEARS application to redevelop a 17-hectare site in Eastern Creek previously occupied by a former Coles distribution warehouse. Known as Project Atlas, the proposal includes two three-story data center buildings totaling around 1 million sq ft and up to 500MW of capacity, alongside an on-site substation, with potential investment of up to AU$5bn ($3.37bn). The site sits next to an existing data center campus operated by CDC and forms part of Goodman’s growing data center pipeline in Sydney, where the company is pursuing multiple redevelopments as it expands beyond its traditional logistics and industrial real estate focus.

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Google behind $1bn data center in Little Rock, Arkansas – report

Google is reportedly behind a $1bn data center planned at the Port of Little Rock, Arkansas, according to local press citing industry sources, ending months of speculation over the developer’s identity. The 300,000 sq ft facility was approved by the city’s board in April 2025 and is being filed under Willowbend Capital LLC, with officials declining to comment due to NDAs. The project mirrors another $1bn, 300,000 sq ft data center approved in Conway, north of Little Rock, linked to a related entity, and comes amid growing investment by Google in the state, including a recent 100MW PPA, a $4bn investment commitment announced in October 2025, and its confirmed Project Pyramid campus in West Memphis.

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NextDC receives development approval for M4 campus in Melbourne, Australia

NextDC has received development approval from the Victorian Government for its AU$2bn M4 data center campus in Melbourne, clearing the way for construction at 127 Todd Road in Port Melbourne. The 150MW, 50,000 sqm campus will host a liquid-cooled “AI Factory” designed for sovereign AI workloads, supporting Nvidia Blackwell and Rubin Ultra GPUs with rack densities exceeding 1,000kW. Phase one is expected to deliver around 10MW, and the project expands NextDC’s Melbourne footprint, where it already operates three large facilities, as the company accelerates major AI-driven infrastructure investments across Australia.

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Data center development company Vector Data Centers launches

Vector Data Centers has launched as a new data center development platform, claiming a pipeline of more than 24GW across 12 locations in the continental US, with around 10,000 acres of land under control. The company positions itself as a powered land developer focused on hyperscale customers, offering an “integrated, repeatable execution platform spanning site control, power infrastructure, datacenter delivery, and capital,” with campuses that could support up to 2GW each. Founded and led by former Stream Data Centers SVP Jose Ruiz, the firm’s footprint spans states including Wyoming, Pennsylvania, Ohio, Virginia, Texas, and Washington, with additional leadership drawn from the energy and clean infrastructure sectors.

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Thailand Board of Investment approves $3.1bn in data center projects

Thailand’s Thailand Board of Investment has approved around $3.1bn in new data center investments, backing projects from True Internet Data Center, GSA Data Center, Stellar DC, and Freyr Technology. The approvals include three True IDC facilities in Chonburi and Samut Prakan totaling 223MW, two GSA sites in Rayong and Samut Prakan with 120MW of IT load, a 25MW Bangkok project from Stellar DC, and smaller developments from Freyr Tech, underscoring Thailand’s accelerating push to position itself as a regional digital infrastructure hub after the board cleared $23bn worth of data center projects last year.

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Tract expands into Illinois with plans for 1GW data center park outside Chicago

Tract is expanding into Illinois with plans for a new 343-acre data center park in Morris, around 60 miles southwest of Chicago. Known as the Morris Technology Park, the fully zoned site has power capacity secured from Commonwealth Edison Company (ComEd) and could support up to 1GW at full build-out across roughly 2.9 million sq ft of data center space, with initial energization targeted for June 2028 and a full load ramp by 2032.

“The Morris Technology Park project is the result of several years of close collaboration with the City of Morris, ComEd, and the Illinois Economic Development Corporation,” said Graham Williams, president of Tract, while Morris mayor Chris Brown said the development will be “one of the largest data center developments in Illinois” and help position the community for long-term competitiveness in the digital infrastructure market.

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Keppel secures rights to 720MW data center campus outside Melbourne, Australia

Keppel has secured the rights to lease a 123-hectare site near Morwell, Victoria, outside Melbourne, with the potential to support up to 720MW of data center capacity. The site, leased from Lightwood Group and located near the former Hazelwood Power Station, is being positioned for large-scale AI-focused data center development, although Keppel has not disclosed details on the number or design of planned facilities.

“The site near Morwell offers significant scalability, with clear pathways to securing competitively priced green power, non-potable water for cooling, and low-latency fiber connectivity, making it a compelling location to site next-generation AI campuses,” said Manjot Singh Mann, CEO of Connectivity at Keppel, adding that the company is in “active discussions” with hyperscalers and neoclouds that have shown “keen interest” in Melbourne.

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