Headquartered in Albany, New York, EcoChain is a wholly-owned subsidiary of Mechanical Technology, Incorporated - a publicly-traded company.
The company said it plans to build a green data centre that will fulfil the company's goal of becoming an ultra-capital efficient data centre operator.
EcoChain anticipates that the site represents a critical step in its strategic roadmap to grow its EcoChain business.
The company has set an objective to complete construction of the 25MW data centre by the fourth quarter of 2021.
"We are excited to be executing on our plan to build out at least 50MW by years end," said, CEO, Michael Toporek.
"We very specifically have set a target to have under our control and ramp up operations of 50MW of green-powered ultra-low-cost data centre capacity by the end of the year.
"It was important for us to begin executing on our 2021 objectives early. Our team continues to work to meet or beat its targets."
The company also said it expects the site will be the template for future greenfield and brownfield site builds, with a focus on operating and capital efficiency.
“In cooperation with our technical partners at Soluna, MTI continues to build a robust pipeline of green-powered ultra-low-cost locations. Our pipeline incorporates a blend of greenfield, brownfield and ready to operate projects,” said the company in a written release.
Last year, Toporek revealed that the company’s immediate objective for early 2021 was to secure a 5MW facility that will enable the firm to expand its footprint. The company is targeting at least 50MW operating or under contract by the end of 2021.
