Five Point Infrastructure Launches PowerBridge LLC with $1 Billion Investment
Five Point Infrastructure LLC has unveiled plans to invest $1 billion in the establishment of a new data center development venture named PowerBridge LLC. The initiative is spearheaded by Alex Hernandez, former CEO of Cumulus Data, alongside a team of industry veterans previously associated with Cumulus.
Strategic Partnerships and Resources
PowerBridge LLC will benefit from collaboration with LandBridge, an affiliated company of Five Point. This partnership grants access to an impressive 275,000 acres of land earmarked for development, along with connections for natural gas—a critical resource for powering modern data centers.
In a statement, Hernandez expressed optimism about the venture, stating, “With Five Point’s institutional support, our collective energy infrastructure, power operations, data center development, and fiber experience, and the significant additional value that other Five Point portfolio companies can bring for customers, we look forward to providing hyperscale customers with turnkey data center campus solutions at scale.”
Focus on Gigawatt-Scale Campuses
The new company aims to specialize in the creation and development of data center campuses that achieve gigawatt-scale capacity throughout North America. In the face of booming demand driven by advancements in artificial intelligence, industry players have increasingly formed partnerships to tackle large-scale data center projects, including facilities exceeding 1 GW of capacity.
Previous Successes and Future Plans
This initiative follows a significant project executed by Hernandez and his former Cumulus colleagues, who developed a 1,200-acre data center campus linked to the 2.5-gigawatt Susquehanna Steam Electric Station in Pennsylvania. Amazon Web Services notably acquired this site for $650 million last year, highlighting the lucrative potential of such investments.
The launch of PowerBridge LLC stands as a testament to Five Point Infrastructure’s commitment to innovation and growth in the data center sector, aiming to meet the evolving needs of hyperscale customers.