Echelon adds to 500MW portfolio with new $250m project
Irish-owned Echelon Data Centres is developing its second UK facility,LCY20, in Chesham, Buckinghamshire, UK.
Planned as a 30MW facility, power has already been connected putting it on track for a late 2022 launch.
The plot was secured as a joint acquisition following a $250 million agreement with an affiliate of Starwood Capital Group.
Niall Molloy, CEO of Echelon Data Centres said: “Data centres are essential infrastructure – now, post-pandemic, more than ever. If we are to continue to benefit from low-cost, reliable and time-saving tech such as Zoom and Teams, if we’re to enjoy the speed of 5G, if we are to stream on-demand and if we are to look forward to the future of AI and the IoT, then increasing data centre capacity is a given."
Launched in 2019, Echelon Data Centres now has six sites across Ireland and the UK with a total potential capacity of up to 500MW. Its first two sites in Ireland – DUB10 (Clondalkin - pictured) and DUB20, in Arklow – with capacities of 90MW and 100MW respectively, will be the subject of investment in the region of €1bn, and will create more than 1,000 jobs. Its third and fourth sites – DUB30 (Arklow) and DUB40 (Grange Castle) – will have similar capacities and represent similar levels of investment.
It was reported in July that Echelon's Clondalkin campus would host TikTok, with it and parent company ByteDance using the campus as a primary European data centre.