Data center colocation, cloud, and connectivity provider, Flexential, has announced the planned development of the company’s latest sustainable data center. It’s a new 18MW facility in Raleigh, North Carolina’s fast developing research and development area.
The project is a significant step forward in the company’s strategic plan to expand its FlexAnywhere platform across the country in order to supply geo-diverse capacity to both existing and growing data center markets.
In addition, the business launched a $150 million asset-backed securities (ABS) offering through private placements. Flexential’s highly sustainable data center projects would benefit from the new securitization funding, which will be built to the compan’s fifth generation energy and water-efficient design. Flexential’s first $2.1 billion securitization financing – one of the industry’s largest green data center ABS financing ventures to date – preceded this new financing and green investment.
Flexing the Data Center Platform into Raleigh, NC
The Research Triangle corridor, home to three major universities and a highly skilled workforce, is taking on increasing importance as an innovation zone, offering attractive amenities coupled with lower costs of living and doing business.
The new development initiative would align closely to Flexential’s key objectives to provide scalable and flexible data center capacity in strategic edge markets to address customers’ hybrid requirements for the convergence of enterprise IT and SaaS platforms.
The new Gen 5-designed Raleigh data center, which will offer a total capacity of 18MW and 120,000 square feet of IT space when fully built out, will be a crucial milestone in the company’s national platform and FlexAnywhere solutions development plan. Clients should be able to access the first phase of 4.5MW by the third quarter of 2023.
“Flexential is committed to providing scalable, reliable data center options to flex with our customers’ broad range of capacity needs, with a keen focus on sustainability practices and environmental considerations,” said Ryan Mallory, Chief Operating Officer at Flexential. “This additional investment in our green data center infrastructure underpins our customers’ ability to scale their critical infrastructure at the heart of rapidly-growing markets, such as the 18-hour Raleigh-Durham-Chapel Hill metro area and foster sustainable growth.”
Over 220MW of Capacity Available
Raleigh will join Flexentia’s recent data center expansions in Atlanta, Dallas, Denver, Minneapolis, Nashville, and Portland as a crucial element of the company’s recent U.S. platform growth, which includes ambitions to add 33MW of new, sustainable data center construction projects by 2022. By the end of 2022, the FlexAnywhere platform, which was established to answer the requirement for quick deployment of essential infrastructure, is expected to have grown significantly, with clients having access to more than 220MW and 3 million square feet of capacity across 19 markets.
Under Flexential’s Green Financing Framework, all new planned data center projects, including the new Raleigh data center construction, will conform to the company’s newest energy- and water-efficient designs, which aim a Power Usage Efficiency (PUE) figure of 1.4 or less and zero Water Usage Efficiency (WUE).