Pioneer and Davidson Kempner enter a partnership with Irish Data Centre Platform Echelon for a €1 billion investment program. Pioneer announced that Echelon is the ideal partner in Ireland due to its two developed large-scale projects, and also for its pipeline and the strength of its management team. The €1 billion investment program across two sites in Ireland totaling 184MW in capacity.
Grid infrastructure, renewable energy projects, and backup power generation
According to the announcement, the investment will be focussed on the delivery of the energy infrastructure required for the data centers, which includes grid infrastructure, renewable energy projects, and backup power generation.
The company also announced that significant change driven by the exponential growth in data usage and storage in the data center sector leads to needs for projects on a larger scale. Pioneer also stated that Ireland is a priority due to its strategic importance as one of the largest technology hubs in Europe.
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