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Home > Data Center > Nautilus closes $100 million capital partnership

Nautilus closes $100 million capital partnership

Nautilus announces the closing of a multi-draw, senior secured debt facility with Orion Energy Partners for the commissioning of a 6.0MW colocation data center.

Erdem Yasar by Erdem Yasar
May 28, 2020
in Cloud Computing, Data Center
1 min read
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Nautilus closes $100 million capital partnership
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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

Nautilus CEO James L. Connaughton
Nautilus CEO James L. Connaughton

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.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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