Insights into Data Centre Investment & Market Growth

Verne appoints new COO

Verne, a provider of low-carbon, high-performance data centres across the Nordics, has appointed Wayne Louw as Chief Operating Officer (COO) - a development the business states strengthens its operational leadership as it enters a more complex, AI-intensive phase of growth and continues to scale its multi-site platform. The company says he brings extensive experience leading multi-site, mission-critical environments and will guide the next stage of Verne’s operational scale. Wayne most recently led large-scale, mission-critical operations across Europe and Africa for NTT Global Data Centers. As COO, he will oversee Verne’s operational strategy, performance and resilience across its multi-site infrastructure. Wider growth in Northern Europe His appointment comes as Verne supports increasingly power-intensive AI deployments across Northern Europe. The EUDCA State of European Data Centres 2025 identifies Northern Europe as one of Europe’s most active colocation markets, underpinned by renewable power availability and regulatory stability, with growth driven by hyperscalers, neoclouds, and enterprises seeking secure, scalable access to power. Wayne notes, “Verne operates in markets where access to secure, renewable power is a strategic advantage. That matters even more as AI workloads push density and cooling requirements higher. "I have spent my career operating complex, multi-country platforms at scale. What excites me about Verne is the opportunity to apply that operational discipline to a business entering a new level of technical intensity. That next stage demands disciplined execution at scale.” Praise from Verne With senior leadership experience at Gyron and NTT Global Data Centers, Wayne has managed large, distributed teams across multiple markets. He reportedly unified regional operations under a single model while supporting hyperscale customers through periods of significant capacity build-out. Commenting on the news, Dominic Ward, CEO of Verne, says, “Verne is entering a more technically demanding phase of growth, as our multi-site platform grows in both density and complexity. In this environment, operational discipline becomes a strategic differentiator. "Wayne brings experience leading multi-market, mission-critical platforms at scale. His appointment strengthens our ability to grow capacity while delivering the resilience, consistency, and performance our customers depend on.” Wayne has an electrical engineering background. He began his career in the banking sector, where he says he witnessed first hand the transition from enterprise-owned data centres to commercial colocation and hyperscale models. For more from Verne, click here.

'Rising power costs top data centre concern'

New research from UK colocation data centre provider Asanti shows that AI adoption, resilience pressures, and rising power costs are reshaping data centre strategies for UK organisations, with material implications for managed service providers (MSPs), cloud providers, and infrastructure partners. In a survey of 100 senior IT decision makers, nearly half (48%) said AI adoption will have a large influence on their IT infrastructure strategy over the next three years, ahead of regulatory change and hybrid or multi-cloud capabilities. IT leaders report average rack densities of 8kW per rack today, rising to 11kW within 12 months, as AI-heavy workloads and high-density compute drive up power and cooling requirements. Rising power costs are already the top concern regarding current data centre environments, cited by 52% of respondents, ahead of maintaining uptime (48%). Over the next three years, rising energy costs (34%) and sustainability commitments (33%) sit alongside AI, resilience, and regulatory change as core inputs to infrastructure strategy. Stewart Laing, CEO of Asanti, notes, “AI has moved from pilot projects to production workloads, and with it comes a step-change in rack density, power demand, and cooling requirements. Organisations are realising they need the right mix of facilities, partners, and architectures to deliver compute and storage requirements without compromising on resilience, sovereignty, or cost control.” Resilience and sovereignty drive hosting decisions Over the next 12 months, cybersecurity and resilience are the most common focus for infrastructure investment, cited by 51% of IT leaders. In response to cyberattacks and service disruptions in 2025, organisations are strengthening security controls (60%), creating backup strategies across multiple data centre providers/locations (50%), and reviewing business continuity planning (42%). A third (33%) plan to move more workloads into on-premise or colocation environments to strengthen their IT resilience. Location decisions are becoming more polarised, with 30% of organisations already using data centres outside the UK and a further 24% planning to do so, while 32% say they use only UK-based data centres. The research suggests a push‑pull between cost and sovereignty: high UK power costs draw some workloads overseas, but data protection obligations, regulatory exposure, and latency considerations keep others anchored in UK facilities. Stewart continues, “For MSPs and infrastructure partners, the opportunity is to help customers design architectures that balance the needs of today, sovereignty, compliance, and resilience with AI ambition. That increasingly means hybrid strategies that combine UK-based colocation for critical workloads with selective use of overseas capacity and public cloud where it makes sense.” Opportunity for MSPs and infrastructure partners The study shows strong and sustained demand for external expertise. More than half of organisations (54%) already use third parties for cybersecurity services, while around a third bring in external partners for infrastructure audits (35%), disaster recovery and business continuity planning (33%), and end-to-end solution deployment (35%). Looking ahead over the next 12 months, organisations expect to increase their use of external support for public cloud repatriation (32%) and technical scoping for new projects (31%), signalling a shift towards more intentional workload placement and right‑sizing. Stewart concludes, “As power, AI, and sovereignty concerns collide, few organisations can carry all the skills they need in‑house. MSPs, systems integrators, and specialist data centre providers have a critical role in helping enterprises architect for higher densities, navigate cross border data complexity, and build resilient, multi‑site infrastructure that can withstand disruption.” The full whitepaper, From Misconception to Momentum: 2026 Trends for the UK’s Data Centre Sector, is available by clicking here. For more from Asanti, click here.

Nostrum Group appoints new board member

Nostrum Group, a developer of sustainable data centre infrastructure across Spain and Europe, has appointed Les Dunkley as the newest Independent Member of its Board of Directors, coming as it expands its data centre infrastructure activities through its Nostrum Data Centers division. The appointment arrives as the group increases capacity to meet demand linked to data sovereignty requirements and AI-related workloads. Nostrum Group says the move strengthens its governance as it progresses international expansion plans. Les has more than 35 years’ experience in the data centre sector. He is a founding partner of The TLM Group, which has delivered more than 300 data centres across North America, Latin America, Europe, and the Nordics, with over two gigawatts of installed capacity in 11 countries. Supporting expansion plans Nostrum Group says Les’s background in mission-critical infrastructure design and delivery will support the development of current projects and the evaluation of new markets. Guy Auger, Partner at Andera Partners and fellow Board Member, says, “It is a true privilege for Nostrum Group to integrate a figure of Les Dunkley's calibre into our Board. His knowledge of the global market is unparalleled.” Santiago Rodriguez, Chairman of Nostrum Group, adds, “His arrival coincides with a period of unprecedented growth for Nostrum Data Centers. His expertise will be vital in ensuring our infrastructure not only grows in volume, but leads in innovation and resilience on a global scale.” The company also notes that the appointment reflects a focus on maintaining technical oversight and operational standards. For more from Nostrum Data Centers, click here.

CPP Investments, Equinix to acquire atNorth

Canada Pension Plan Investment Board (CPP Investments), a Canadian pension fund manager, and Equinix, a US global data centre and interconnection services provider, have agreed to acquire Nordic data centre operator atNorth from Partners Group in a $4 billion (£2.9 billion) enterprise value transaction. The deal is subject to customary closing conditions, including regulatory approvals. CPP Investments will invest approximately $1.6 billion (£1.18 billion) for a 60% controlling interest, while Equinix will hold a 40% stake. The companies have also provisionally agreed a $4.2 billion (£3.1 billion) financing package, underwritten by European and Canadian lenders, to fund the acquisition and future expansion. atNorth currently operates eight data centres across Denmark, Finland, Iceland, Norway, and Sweden, with additional sites under development. The company has around 800MW in its installed and active development pipeline due online over the next five years, alongside 1GW of secured power for further expansion. Nordic data centre expansion plans Several atNorth facilities are designed to support AI and high-performance computing workloads, including liquid cooling capability. The portfolio incorporates renewable energy sourcing, heat reuse, and modular design principles. Equinix currently operates eight data centres in the Nordics, five in Helsinki and three in Stockholm, as part of a wider European footprint of more than 100 facilities across 20 countries. Eyjólfur Magnús Kristinsson, CEO of atNorth, says, “This acquisition is a powerful validation of atNorth’s journey and its market position as the leading Nordics data centre platform. It further illustrates the strategic importance of the region as Europe’s rising AI powerhouse. "I’m extremely proud to announce the next step in our chapter, welcoming this investment from CPP Investments and Equinix, which will enable access to capital, global enterprise, and hyperscale relationships, and supply chain strength required to scale at pace. "Our strategy remains firmly rooted in the Nordics, and we will continue to operate independently under the atNorth brand, preserving our dedication to the communities where we operate and the culture and values that have defined our success to date.” Maximilian Biagosch, Senior Managing Director & Global Head of Real Assets at CPP Investments, comments, “This transaction builds on our long-standing and highly productive relationship with Equinix. It demonstrates our conviction and commitment to the data centre sector, where demand continues to accelerate, fuelled by continued strong enterprise demand as well as cloud and AI adoption. "The Nordics are an attractive market for data centre growth, and the opportunity to partner with Equinix on this acquisition allows us to deploy capital at scale into a high-quality platform, helping us deliver attractive, risk-adjusted returns for CPP contributors and beneficiaries.” Bruce Owen, President, EMEA at Equinix, adds, “The scalable sites of atNorth are very complementary to Equinix’s connectivity services and global footprint. Combined with our joint focus on sustainability, this acquisition is expected to enhance our ability to help customers unlock the full potential of the Nordics’ expanding digital landscape." For more from Equinix, click here.

Norton advises on €210m data centre financing for Berlin

Global law firm Norton Rose Fulbright has advised British multinational bank Standard Chartered and French international banking group Crédit Agricole on a €210 million (£183 million) development facility for Virtus Data Centres, a UK data centre owner-operator providing colocation services across the region. The facility will finance the development of a 19,000m² data centre campus in Marienpark, Berlin. Once fully operational, the campus will deliver 57.6MW of IT capacity to meet the needs of hyperscale, government, and enterprise customers. Investment in Germany's infrastructure market The multi-disciplinary Norton Rose Fulbright team was led by London-based partners Jennie Dorsaint and Jonathan Crookes, and included partners Veit Sahlfeld (Hamburg), Holger Wolf (Frankfurt), Simon Weppner (Düsseldorf), Head of Real Estate Finance EMEA Sarah Cullen (London), counsels Michael-Alexander Volks (Hamburg) and Tobias Block (Hamburg), Senior Associate Anne-Sophie Wilhelmy (Frankfurt), and associates Symone Malcolm (London) and Jakob Kramer (Hamburg). Jonathan Crookes comments, “This financing is a landmark transaction, representing a significant investment in Germany’s rapidly growing digital infrastructure market. The deal showcases not only the breadth of our cross-border network but also the depth of our capability in the sector.”

Echelon secures €1.7bn loan financing for European expansion

Echelon Data Centres, an Irish-headquartered developer and operator of large-scale data centre infrastructure, has announced the successful closing of an initial €1.7 billion (£1.4 billion) in loan financing provided by investment bank and financial services company Morgan Stanley. The data centre operator says the financing "further strengthens [its] capital base to continue its planned expansion across Europe." Echelon now has eight campuses across Europe, totalling 1.2 GW of capacity, of which 400MW is operational or under development. The company notes that this "new multi-billion-euro financing facility enhances [its] ability to scale [its] development pipeline, invest in enabling power infrastructure, and grow [its] campus portfolio across Ireland, the UK, Spain, and Italy." David Smith, Deputy CEO of Echelon Data Centres, comments, “Ireland is one of Europe’s most important and supply-constrained data centre markets, and we have established the leading position in the Irish market through the delivery of large-scale campus developments supported by innovative power solutions developed in partnership with customers, regulators, and grid stakeholders. “Over the past 15 months, we have expanded into Spain - in joint venture with Europe’s largest utility, Iberdrola - and into Italy, extending our development model into new strategic markets. “We are incredibly proud of the growth Echelon has achieved over the past several years and [we are] excited for the opportunity ahead. "Demand for digital infrastructure across Europe is substantial and long term, and our ambition is to continue expanding our platform to support the growth of our customers in key strategic markets.” Continuing growth Charlie Etheridge, Head of Investments at Echelon Data Centres, adds, “This €1.7 billion financing strengthens our capital position and provides the flexibility to execute on our pipeline at scale and at pace. “It reflects the quality of our platform and the strong institutional support behind our strategy. We are pleased to continue our valued partnership with Morgan Stanley as we advance the next phase of our European expansion.” Echelon was advised by A&O Shearman and Arthur Cox. For more from Echelon, click here.

Johnson Controls to acquire Alloy Enterprises

Johnson Controls, a global provider of smart building technologies, has signed an agreement to acquire Alloy Enterprises, a developer of liquid cooling technology for high performance data centres and industrial facilities. Founded in 2020 and based in Boston, USA, Alloy Enterprises develops direct liquid cooling components designed to improve heat removal and reduce pressure drop in cooling loops. The company states the approach can improve thermal efficiency by up to 35% while lowering cooling system energy use. The acquisition is intended to expand Johnson Controls’ data centre cooling portfolio, which already includes chillers, coolant distribution units, and waste heat recovery systems. Liquid cooling capability expansion Johnson Controls says Alloy’s manufacturing and materials engineering capabilities will complement its existing cooling equipment, including chillers and liquid cooling distribution platforms. The technology is designed to support cooling of GPUs, CPUs, memory, and network interfaces in high density computing environments. Lei Schlitz, President, Global Products & Solutions at Johnson Controls, says, “This acquisition is about enabling our customers to stay ahead of fast-changing compute demands by adding another core technology that enables us to optimise the overall thermal management architecture of a data centre. "It will also strengthen our core technology capabilities that can scale across the Johnson Controls portfolio and reinforces our long-term commitment to lead more broadly in advanced thermal management solutions for mission critical applications.” Alison Forsyth, co-founder and CEO of Alloy Enterprises, says, “We’ll continue to work closely to solve the industry's most urgent challenges in data centres and other mission-critical environments. "We look forward to this new chapter and continuing to scale with one of the world's most respected and experienced leaders in thermal management innovation.” The transaction is expected to complete in the company’s fiscal third quarter, subject to regulatory approvals. Financial terms were not disclosed. For more from Johnson Controls, click here.

New hyperscaler capacity to outpace colocation in Europe

Data centre capacity owned and operated exclusively by hyperscalers, also known as 'self-builds', in Europe is expected to outpace the growth of colocation supply in 2026, according to new research from real estate services company CBRE. The latest research shows that hyperscaler self-build capacity across Europe is expected to reach 4.2GW this year, representing 24% year-on-year growth compared to 2025. This new supply will be delivered across nine European countries, marking the seventeenth consecutive year of double-digit expansion for the segment. Hyperscalers are set to deliver a record level of self-build capacity this year as they expand cloud regions and support increasing volumes of equipment dedicated to artificial intelligence workloads. As of Q4 2025, approximately 60% of Europe's operational hyperscaler self-build capacity is located in Ireland, the Netherlands, Sweden, and Belgium. By comparison, the top 15 European colocation data centre markets are expected to grow 19% year-on-year. Despite slower growth relative to new hyperscaler self-builds, the European colocation segment will remain significantly larger. Strong demand endures CBRE notes that demand for colocation facilities remains robust across Europe. Hyperscalers and neocloud providers continue to rely on developer-operators for rapid delivery, flexible design options, and the ability to secure capacity on shorter timelines. Andrew Jay, Head of Data Centre Solutions, Europe at CBRE, says, "The hyperscaler self-build segment is growing as hyperscalers are looking to build facilities at scale and control more of the supply chain, the design of the facility, and ensure they have the power necessary." Kevin Restivo, Director, European Data Centre Research at CBRE, adds, "Traditionally, the fastest route to market for hyperscalers in need of data centre capacity delivered are the developer-operators. We expect this to remain true for the foreseeable future. Hyperscalers will, in some instances, build their own facilities though." For more from CBRE, click here.

'UK cannot delay action on power and infrastructure'

The UK must take urgent action to fix systemic issues in energy and infrastructure to sustain its ambition to lead the global digital economy and become an AI superpower, according to a new report published by trade association techUK. The report, Powering Digital Infrastructure, warns that while demand for data centres and compute infrastructure is accelerating rapidly - driven by AI, cloud, and edge computing - the UK’s energy system is struggling to keep pace. Without reform, rising electricity costs, grid connection delays, and fragmented policy could force investment overseas, undermining economic growth, innovation, and national resilience. The current problems Data centres are now critical national infrastructure (CNI), underpinning everything from financial services and healthcare to research, manufacturing, and public services, all while supporting the Clean Power 2030 Action Plan through Power Purchase Agreements (PPAs) and decarbonised heat. techUK's 2024 report highlights that the UK data centre sector already contributes billions to the economy and supports tens of thousands of jobs, with the potential to add an additional £44 billion in Gross Value Added between 2025 and 2035, if growth accelerates. The UK aims to triple compute capacity to around 6GW by 2030; however, this is colliding with structural constraints. Electricity prices for UK data centres are among the highest in the developed world - roughly four times those in the United States and about 46% above the median of 31 International Energy Agency (IEA) countries - while grid connection delays of up to eight years are becoming commonplace. As a result, techUK’s report identifies several interconnected risks for the UK if the situation remains unchanged, including loss of global competitiveness, grid bottlenecks and delays, and risks to the country's energy security and resilience, which could be compounded by growing geopolitical shocks and tensions. If left unaddressed, the report warns that the UK will struggle to meet its ambition of being an “AI maker”, weakening sovereignty and long-term economic control. The proposed solutions The report sets out a clear programme of solutions to minimise these risks: • Reform the grid connections process to prioritise committed, non-speculative projects; provide greater transparency over the queue; and offer phased connection agreements that reflect how data centres are actually built. • Reduce electricity costs for digital infrastructure through levy reform, targeted exemptions, and improved access to long-term power contracts, restoring international competitiveness. • Accelerate planning and delivery by enabling nationally significant data centre projects to move faster through the planning system and clarifying eligibility for prioritisation schemes. • Unlock private investment in networks by allowing the private sector to help build and finance grid infrastructure where it can reduce delays and costs. • Align digital growth with clean power by supporting renewable PPAs, co-location with generation, energy storage, and, where appropriate, nuclear and small modular reactors (SMRs). • Maximise local benefits by embedding data centres into regional growth strategies, supporting skills development, waste-heat reuse, and supply-chain expansion. Data centres can be part of the solution, acting as anchor customers for new renewable generation, supporting grid investment, and helping spread fixed system costs across a larger base of electricity demand. Matthew Evans, COO and Director of Markets for techUK, says, “Economic growth is directly linked to power and our country’s ability to digitise. If the UK is serious about unlocking economic growth, it needs to move decisively to fix energy costs, grid access, and regulatory fragmentation. "The results will unlock new cycles of investment and support the country’s decarbonisation efforts, as well as both national and regional growth. If we don’t, the UK risks falling behind at the very moment global competition is accelerating.”

Trane to acquire LiquidStack

Trane Technologies, a US manufacturer of heating, ventilation, and air conditioning (HVAC) systems, has entered into a definitive agreement to acquire LiquidStack, a US-based provider of liquid cooling technology for data centres. LiquidStack, headquartered in Carrollton, Texas, develops direct-to-chip and immersion cooling systems for high-density and hyperscale computing environments. The company’s technology is used to support generative AI and other compute-intensive workloads. Trane Technologies made a minority investment in LiquidStack in 2023. The proposed acquisition expands its data centre thermal management portfolio, which includes chillers, heat rejection systems, controls, liquid distribution, and on-chip cooling. Expanding liquid cooling capabilities The deal includes LiquidStack’s manufacturing, engineering, and research and development operations in Texas and Hong Kong. Following completion, the business will operate within the Commercial HVAC unit of Trane Technologies’ Americas segment. Holly Paeper, President, Commercial HVAC Americas, Trane Technologies, says, “Rising chip-level power and heat densities, combined with increasingly variable workloads, are redefining thermal management requirements inside modern data centres. "Customers need integrated cooling solutions that scale from the central plant to the chip and can adapt as performance demands continue to evolve. "LiquidStack’s direct-to-chip and immersion cooling capabilities and talent, combined with Trane’s systems expertise and global footprint, strengthen our ability to deliver end-to-end, future-ready thermal management across the entire data centre ecosystem.” LiquidStack co-founder and CEO Joe Capes will join Trane Technologies in a leadership role and will continue to lead the business. Joe says, “LiquidStack has been on a mission to innovate and deliver the most advanced, powerful, and sustainable liquid cooling solutions. "Joining Trane Technologies enables us to accelerate that mission with the resources, scale, and global reach needed to power next-generation AI workloads in the most demanding compute environments." The transaction is expected to close in early 2026, subject to customary conditions. Financial terms have not been disclosed. Trane Technologies also recently announced the acquisition of Stellar Energy, which is expected to complete in the first quarter of 2026. For more from Trane Technologies, click here.