Edged

What Edged does

Edged Energy is a privately held US-based sustainable data center developer, founded in 2016 by Jakob Carnemark (formerly founder of Aligned) and operating as a portfolio company of infrastructure holding company Endeavour, headquartered in Darien, Connecticut. The company designs, builds, and operates AI-ready data center facilities for hyperscale and enterprise customers under build-to-suit long-term lease agreements, with operational and planned sites across the United States (Phoenix, Atlanta, Council Bluffs, Fort Worth, Austin), Spain, and Portugal. The company was founded in 2016 and currently maintains a lean headcount of 11–50 employees consistent with a capital-intensive project-execution model.

Edged's technical platform centers on waterless cooling technology developed by sister company ThermalWorks, enabling zero-water operation and a portfolio-wide target PUE of 1.15. Facilities support up to 400kW+ per rack with liquid cooling to accommodate high-density AI and GPU workloads. The Endeavour portfolio layers in complementary technology platforms — Pact Systems (hydrogen and solid-carbon co-production launched March 2026) and TurboCell (hybrid DC power systems co-developed with BorgWarner, production targeted for 2027 in Hendersonville, NC) — that address the energy supply stack for AI data centers. PowerSecure microgrid partnerships allow power access up to two years faster than traditional grid interconnection, which Edged cites as a primary speed-to-market differentiator.

Edged pursues an enterprise sales-led GTM targeting hyperscale cloud and AI operators and large enterprises, with pricing undisclosed and contracts structured as build-to-suit long-term leases. Revenue streams include data center leasing (subscription/recurring), build-to-suit development, and managed carbon-neutral services (e.g., the Lisbon campus delivered in partnership with Merlin Properties and EDP). Through 2026 the company has secured nearly $2 billion in cumulative financing, anchored by a $1.3 billion Senior Secured Notes offering in April 2026 arranged by Morgan Stanley, TD Securities, and Crédit Agricole CIB, to fund simultaneous multi-site development across major US markets.

Name

Edged

Legal name

Edged Energy

Website

https://edgedenergy.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Edged Energy is a privately held US sustainable data center developer serving hyperscale and enterprise customers with AI-ready build-to-suit facilities featuring proprietary waterless cooling, 400kW+ per-rack liquid cooling, and operations across the United States, Spain, and Portugal.

Ownership category

akta.pro rank

Product category

Data Center Infrastructure Services

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Computer Facilities Management Services (541513)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

HPC / AI-Optimized Data Center Facilities (HDABACAJ)

akta.pro secondary industries

Wholesale Colocation (Powered Shells / Suites) (HDABACAB), Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD), AI Datacenter Power, Cooling & Racks (liquid cooling, power delivery) (HDAAAAAH), Modular & Prefabricated Data Centers (HDABACAH), Power Distribution & Switchgear (UPS, PDUs, Busway) (HDABAKAA), Facilities Operations & Maintenance (Power/Cooling/Mechanical) (HDABANAC)

Keywords

• Sustainable data centers
• AI-ready infrastructure
• Waterless cooling technology
• Hyperscale colocation services
• Data center build-to-suit

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Technology or R&D, Operations, Personnel, Marketing or Sales

Revenue model

1. Data Center Leasing: Long-term lease agreements for build-to-suit AI-ready data center facilities to hyperscale and enterprise customers. Revenue generated through infrastructure rental under multi-year contracts.
2. Data Center Development: Build-to-suit development model where Edged constructs large-scale data center facilities for customers, with initial phases and expansion potential across multiple markets.
3. Carbon-Neutral Data Center Services: Portugal's first carbon-neutral data center campus featuring five facilities delivering 180MW of critical power, with clean energy supplied by EDP.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Edged designs, builds, and operates sustainable, AI-ready data center facilities delivered under build-to-suit, long-term lease arrangements to hyperscale and enterprise customers across the United States and Europe. Facilities leverage proprietary ThermalWorks zero-water cooling technology to deliver a target portfolio-wide PUE of 1.15 and support high-density AI workloads up to 400kW+ per rack via liquid cooling. The company complements its data centers with partner-integrated power technologies (TurboCell hybrid DC power, PowerSecure microgrids) to enable rapid, grid-independent deployment.

Product overview

Edged is a sustainable data center company (an Endeavour company) that designs, builds, and operates AI-ready data center facilities worldwide. The company offers a portfolio of data center products spanning multiple U.S. markets (Atlanta, Chicago, Council Bluffs, Phoenix, Fort Worth, Austin) and Europe (Spain, Portugal). Edged differentiates through proprietary waterless cooling technology (ThermalWorks) enabling zero-water cooling with a target PUE of 1.15, supporting high-density workloads up to 400kW+ per rack with liquid cooling. The company's parent Endeavour has also developed complementary power technologies including Pact Systems (hydrogen production) and TurboCell (hybrid DC power systems with BorgWarner). Facilities are offered under build-to-suit arrangements to hyperscale and enterprise customers under long-term lease agreements.

Differentiator

Problem solved

Functional benefit

Products and services

• PHX01-1 (Phoenix/Mesa Data Center)
• Atlanta 42MW Data Center
• Council Bluffs Campus
• Lisbon Carbon-Neutral Data Center Campus
• Maxwell/Austin Data Center Campus
• Edged Energy Outpost (Fort Worth)
• ThermalWorks Waterless Cooling Platform

Quantifiable outcome

• PUE ratio of 1.15 across portfolio
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core, flagship and minor.

• BorgWarnercoreStrategic or Co-development Partner · 1 November 2025Strategic partnership for development of TurboCell hybrid DC power system that integrates generator and energy storage functions for AI data centers. BorgWarner expects production to begin in Hendersonville, North Carolina in 2027 with initial capacity of 2GW.
• Merlin PropertiesflagshipStrategic or Co-development Partner · 1 March 2025Strategic partnership for development of Portugal's first carbon-neutral data center campus in Vila Franca de Xira. Merlin is building the data center campus with Edged Energy in Lisbon.
• EDPflagshipTechnology or Integration · 1 March 2025Portuguese utility supplying clean energy to Edged's Lisbon data center campus. EDP plans to implement the largest single-site decentralized solar energy project in its history with up to 100MWp capacity.
• ThermalWorkscoreTechnology or IntegrationSister company providing proprietary waterless cooling technology. Edged leverages ThermalWorks technology across all its data center facilities to enable zero water consumption cooling.
• EndeavourcoreStrategic or Co-development PartnerParent company of Edged. Founded by Aligned founder Jakob Carnemark. Endeavour has launched additional technology companies including Pact Systems for hydrogen production.
• PowerSecurecoreTechnology or IntegrationMicrogrid developer partnership enabling Edged to access power up to two years faster than traditional grid connections. Addresses grid interconnection delays for AI data center deployments.
• EbnerminorOEM/ Whitelabel/ Licensing PartnerGerman firm serving as the manufacturing partner for Pact Systems hydrogen and solid-carbon co-production technology.

Scale indicators14 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• Compass Datacenters: Hyperscale data center provider focused on modular, standardized, shovel-ready designs across multiple US markets. Comparable for standardized/modular build philosophy, hyperscale customer focus, and emphasis on speed-to-market.
• CyrusOne: Hyperscale-focused data center operator with major campuses across the US and Europe, now owned by KKR and GIP. Comparable for hyperscale build-to-suit model, AI-ready infrastructure, and large multi-MW deployments.
• Stack Infrastructure: Private wholesale data center platform (backed by IPI Partners) developing hyperscale campuses across the Americas. Comparable on build-to-suit wholesale model, focus on hyperscale customers, and scale of multi-MW deployments.
• EdgeConneX: Private data center operator specializing in build-to-suit hyperscale and edge facilities across 50+ markets. Comparable for build-to-suit wholesale model and emphasis on emerging markets and secondary metros similar to Edged's Council Bluffs, Fort Worth, and Austin expansions.
• Aligned Energy: Founded by the same founder (Jakob Carnemark), Aligned pioneered liquid-cooled, high-density data centers for hyperscale and AI customers with adaptive cooling technology. It is the most direct comparable given shared DNA, similar customer base, and emphasis on high-density AI workloads.
• Vantage Data Centers: Private wholesale data center provider backed by DigitalBridge, with large-scale campuses across North America and EMEA targeting hyperscalers. Closely comparable on customer base (hyperscalers), wholesale build-to-suit model, and AI-ready high-density facility design.

Broad incumbents

• Equinix: Global colocation and interconnection leader operating 260+ IBX data centers across 30+ markets. Comparable as a hyperscale-adjacent data center operator though broader in scope (retail colocation, interconnection) versus Edged's wholesale/AI-focused build-to-suit model.
• Iron Mountain Data Centers: Operates a global colocation and hyperscale data center portfolio across 20+ markets, with strong sustainability positioning including renewable-powered facilities. Comparable for sustainability-led positioning, hyperscale/enterprise customer mix, and build-to-suit capabilities.
• QTS Data Centers: Large hyperscale and enterprise data center operator (acquired by Blackstone in 2021) with massive campuses in Ashburn, Dallas, Phoenix, and other markets. Comparable for hyperscale build-to-suit and AI-density offerings, though now part of a much larger private platform.
• Digital Realty: Largest publicly traded data center REIT with 300+ facilities globally serving hyperscale and enterprise customers under colocation and build-to-suit leases. Competes for the same hyperscale build-to-suit opportunities Edged is targeting, though at much larger scale and with a broader service portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/edgedenergy
• LinkedInlinkedin.com/company/edgedenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Edged