Cloverleaf raises USD 300m to develop clean-powered data centres

Private equity firms NGP and Sandbrook Capital have jointly injected more than USD 300 million (EUR 274.3m) into Cloverleaf Infrastructure, a US company developing clean-powered data centre sites.

The capital commitments were made alongside contributions from the digital infrastructure provider’s management team, according to a press release on Wednesday. Details about each party’s participation in the funding round were not available.

The fresh funds will enable Cloverleaf to develop a new generation of large-scale, clean-powered data centres at home.

Cloverleaf was set up recently to develop clean-powered, ready-to-build sites for large electric loads in the US. It partners with regional US utilities and data center operators and delivers scalable clean electricity through investments in transmission, grid interconnection, land, onsite power generation, and electricity storage. The Houston and Seattle-based company is led by a team of executives who have worked for major independent power developers, including Pattern Energy and ConnectGen, and data centre operators such as Microsoft.

(USD 1.0 = EUR 0.914)

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