Brookfield Asset Management and the Qatar Investment Authority have agreed to invest $3.4 billion in a data center project with UK power generator Drax Group Plc. The initial phase, potentially operational by Q1 2028, will produce up to 100 megawatts using an existing grid connection at Drax's power station in northern England. Subsequent phases will draw power directly from Drax's 2.6 gigawatt biomass generators.
The initial funding will be provided by Brookfield and QIA. The partnership highlights the growing convergence between energy infrastructure and AI-driven computing demands, leveraging Drax's renewable power assets to support sustainable data center operations.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing