Business & Finance
Drax signs deal with Brookfield for AI data center at UK power station
Brookfield and Radiant plan to co-develop the project, which Brookfield estimates could exceed £20 billion, pending approvals and final investment decisions.
The short version
- Drax Group has signed an agreement with Brookfield and its Radiant platform to jointly develop an AI data center at Drax Power Station in North Yorkshire.[CNBC]
- Brookfield estimates total investment, including semiconductors, could exceed £20 billion, with an initial £2.5 billion for phase 1.[CNBC]
- Phase 1 targets up to 100 megawatts by the first quarter of 2028, but still needs planning, regulatory and network approvals, a tenant, and final investment decisions.[CNBC · The Guardian]
Key facts
- Drax Group, Brookfield and Radiant agreed to jointly develop an AI data center on the Drax Power Station estate in North Yorkshire.[CNBC]
- Brookfield estimates total investment, including semiconductors, could exceed £20 billion ($26.8 billion), with an initial £2.5 billion for phase 1.[CNBC]
- Phase 1 targets up to 100 megawatts of capacity operational from the first quarter of 2028.[CNBC · The Guardian]
- The initial phase requires planning, regulatory and network approvals and a secured tenant, and final investment decisions have not been made.[CNBC]
What remains uncertain
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.