Shortlist announced for The Tech Capital Global Awards 2023
London, UK, Apr. 18, 2023 – The Tech Capital, a digital media, reports, and events platform providing valuable daily content and data covering investment and...
Initial investment round secures construction works that are set to start before the end of June, with the site expected to be fully built by 2025.
Founder and Editor, The Tech Capital
2 Mins
June 14, 2021 | 9:53 AM BST
Romanian cloud service provider ClusterPower has unveiled plans to build what will be one of the largest data centres in Europe at full capacity.
The hyperscale campus, to be located in Craiova, Romania’s 6th largest city, will have up to 4500 racks and 200MW capacity and be powered with natural gas.
Five builsings are planned to be built in the village of Mischii, on a 273,400 sqf plot of land owned by the company.
The buildings are set to have a PUE of 1.1 and be designed to Tier III levels, which will make the infrastructure “the only Uptime Institute Tier III fully certified data centre in Southeastern Europe”, the company claimed.
ClusterPower was founded in 2019 by Romanian entrepreneurs Cosmin Georgescu, Vladimir Ester, and Carmen Ursa Georgescu.
Georgescu, who serves as the business CEO, said: “We consider that our vision and strategy are in line with those of the EU and Romania in terms of stimulating economic growth, creating long-term value, both for the company and society, as well as supporting innovation and performance.”
ClusterPower has closed an initial investment round of RON 172 million (US$42.5 million) to finance the project.
Of that cash, RON 82 million ($20.2 million) was provided under a state aid granted last year by the Ministry of Finance. The remainder of the cash has been invested by other sources of financing and company funds.
Vladimir Ester, CTO of ClusterPower, said: “Our project is the first large data center in Romania and the first hyper-scale in Southeast Europe, and through this we will increase Romania’s competitiveness in the global IT infrastructure, thus consolidating the image established by top IT experts.
“What we offer to our customers, beyond a centre of excellence for artificial intelligence, is trust, data security and disaster resilience.”
Founder and Editor, The Tech Capital
Welcome to The Tech Capital’s 60 Seconds daily news brief with your host, João Marques Lima. It...
One of the most active investors in digital infrastructure at the moment, Digital Colony, has raise...
Record quarter after record quarter, hyperscalers continue to pour billions of Dollars in capital e...