Drax Group has signed an agreement with Brookfield and Brookfield’s neocloud platform Radiant to jointly develop an artificial intelligence data center at the Drax power station site in North Yorkshire, England. The first phase targets 100 megawatts of capacity by the first quarter of 2028. The partners then plan to add another 500 megawatts between 2028 and 2031, with the site ultimately aiming for more than 1 gigawatt of capacity. Brookfield estimates total investment, including semiconductors, could exceed £20 billion, or about $26.8 billion. Initial investment for the first phase is set at £2.5 billion. Following the announcement, shares of London-listed Drax rose 8.2% in early trading. CNBC was cited as the source for the report.
Drax Group has signed an agreement with asset manager Brookfield and Brookfield’s neocloud platform Radiant to jointly develop an artificial intelligence data center at the Drax power station site in North Yorkshire, England.
The project’s initial target is to bring 100 megawatts of capacity online by the first quarter of 2028. From 2028 to 2031, the plan calls for another 500 megawatts to be added, with the site ultimately targeting more than 1 gigawatt of capacity.
Brookfield estimates the total investment, including semiconductors, could exceed £20 billion, or about $26.8 billion. The initial investment for the first phase is £2.5 billion.
After the news, shares of London-listed Drax rose 8.2% in early trading. CNBC was cited in the report.
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