Nautilus closes a $100 million capital partnership with Orion Energy Partners for the commissioning of a 6.0MW colocation data center located in Stockton, California and construction of additional data center projects in the Nautilus pipeline. Nautilus integrates maritime and industrial cooling technologies with data center infrastructure, using its patented TRUE cooling system.
5.0x more power density per rack
TRUE cooling system increases the energy efficiency of the operations, also reduce the overall cost of computing, and decrease greenhouse gases and air pollution, while consuming no water. Thus it produces no wastewater and using no water treatment chemicals or potent greenhouse gas and ozone-depleting refrigerants.
The company also stated that its innovative solution can deliver up to 5.0x more power density per rack with a smaller footprint, enabling the widespread availability and affordability of high-performance computing for artificial intelligence, machine learning, healthcare, gaming, and other compute-intensive applications, accelerating the substantial economic, social and environmental benefits they provide. Nautilus CEO James L. Connaughton said,
“Orion Energy is providing Nautilus with flexible capital to complete the commissioning of our Stockton I data center, strategically located in Northern California at the Port of Stockton. This capital will allow Nautilus to showcase and then rapidly expand our transformative approach to meeting the urgent business and community demand for higher performing and more sustainable data center solutions.”