Ecodatacennter, a Swedish company that builds eco-friendly data centers used by key calculation providers to handle their traffic, has raised nearly half a billion dollars-$ 478 million (€ 450m) to be accurate-with more demand.
Capital financing, which comes from a group of nameless institutional investors, will be used to continue the development of new technologies for more “green” data centers and build those structures.
The news comes just two days after one of the leading Coreweave calculation giant’s giant presented an IPO in the United States.
The EDC has now raised € 910m ($ 966 million) in capital so far. Areim, the holding company that owns it, refused to say what the company’s appraisal is. The company confirmed that the EDC rotation is not on the cards.
“We are focused on escalating the ecodatacer and distributing long -term value, supported by the strong support of our investors,” said Robert Björk, an investment manager for the Ecodatacenentr. “While we are constantly assessing strategic opportunities for the company, including potential future financing options, an IPO is not something we are actively following at this stage.”
The focus of the ecodatacencent has been to build data centers – specifically, collocation spaces where customers bring some or all their servers and connected equipment – that are more durable. A timely effort is: Research by the International Energy Agency has shown how much hungry energy can be large data centers.
IEA has found that these data centers have 100 MW power requirements or more, “with an annual electricity consumption equivalent to the demand of electricity from about 350,000 to 400,000 electric cars.” IEA also estimated that data centers collectively make up 1% of all global electricity consumption.
In that context, the EDC is evident not only to help meet the seemingly unsaturated demand for the account of calculation, but to try to make it in an eco-friendly way-one that is now affecting others.
“We were the first company in the world to start construction in what is called the non-Islamic timber,” said CEO of Peter Michelson Edc in an interview. “Now, Microsoft is following.” The EDC also uses renewable energy to empower its buildings, and continues to work on new access and materials for more efficient operations and operations.
Other ecodatacenter customers include DEEPL and the so -called “hyperscalers”. The latest companies build their own database, but they also charge balance by taking up space in those built by third parties, such as EDC.
While there are a number of clients stretching out of technology such as BMW, the EDC is probably best known as the Coreweave partner. Also, the prominent reception provider for a project in collaboration with Coreweave and Nvidia to build the first Blackwell group in Europe, in the Swedish city of Falun, created to bring more calculations to Europe.
The size of the EDC fund collection underlines how valuable data centers – especially the collocation centers that compensate for Major Capex spend on its customers – are made in the current hype cycle for it.
This is a global growth. Most importantly, the US in January announced Stargate, a $ 500 billion project that the US launched with support from Openai, Softbank and others to build Mega Data Centers. (The plan is just that at this point: announced days after Trump took office, it served to drive home an idealized view of the new administration as not only technology friendly but aggressively so.)
“There is a lot of infrastructure type capital in the database space, given that it is the real estate infrastructure that now becomes more technology -oriented,” Michelson said.
This real estate anchor can provide a data on how the current administration, and especially President Trump – whose professional life began in real estate – were sold in their great duty center effort.
