ACS closes global data center deal with a hyperscaler and launches the Coravel brand
Key Points
- ACS signed its first long-term global contract with a hyperscaler at the Dallas-Fort Worth campus.
- The agreement includes 140 megawatts of IT capacity and an additional expansion right of approximately 100 megawatts.
- Coravel, the new data center brand that is a joint venture of ACS and BlackRock's GIP, has officially started its operations.
- Turner, which undertakes the company's construction process, has a global development portfolio of 1.2 gigawatts.
By the Numbers
Spanish construction giant ACS group has signed its first global hyperscaler agreement for the data center platform it developed together with Global Infrastructure Partners (GIP). The company announced that it finalized this significant commercial step at the Dallas-Fort Worth campus in Texas, and on the same day, officially launched its new operational brand, Coravel. This move is considered a strategic indicator of the strong demand for digital infrastructures.
Within the scope of the signed long-term contract, a total of approximately 140 megawatts of IT capacity will be allocated across three facilities specially designed for the customer in question. In addition, the agreement includes the right to expand up to 100 megawatts in two other facilities. This joint venture, in which ACS holds a 50 percent partnership, targets hyperscalers, artificial intelligence companies, and organizations requiring scalable technological capacity.
The construction process of the project will be carried out by Turner, a subsidiary of the ACS group and considered one of the world's largest data center developers. Within the Coravel platform, there is currently a 1.2 gigawatt data center portfolio under development across Europe, the USA, and Australia.
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Frequently Asked Questions
- What is Coravel and who owns it?
- Coravel is a next-generation data center operational brand jointly established with a 50 percent partnership by ACS and Global Infrastructure Partners (GIP), which is under the BlackRock umbrella.
- What are the details of the agreement signed between ACS and the hyperscaler?
- The agreement made at the Dallas-Fort Worth campus covers 140 megawatts of IT capacity spread across three facilities and grants an additional expansion right of approximately 100 megawatts.
- How large is Coravel's current project portfolio?
- The current portfolio consolidated under the new brand includes data center projects with an approximate 1.2 gigawatt IT capacity under development in Europe, the USA, and Australia.
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