What Sur Energy does

Sur Energy is a privately-held digital infrastructure development company, incorporated and headquartered in Argentina with operational ties to San Francisco via its founders' investment vehicles, that designs, finances, and delivers large-scale AI data center campuses in Latin America. The company combines advanced engineering, modular design, and renewable energy integration to build high-density compute facilities optimized for AI workloads, with the flagship Stargate Argentina project targeting up to 500MW of capacity and up to $25 billion in total investment at full scale, structured within Argentina's RIGI incentive regime for large investments.

The business operates as a B2B infrastructure developer that secures projects through direct enterprise engagement with hyperscale AI companies and top-tier cloud infrastructure developers, deploying capital via joint ventures and earning returns through project development, infrastructure deployment, and long-term power supply agreements with AI tenants. OpenAI has signed a Letter of Intent to serve as the anchor offtaker of Stargate Argentina and is also partnering with Sur Energy on the OpenAI for Countries initiative to drive AI adoption across Argentine government, administrative, and research institutions. The company was co-founded by Emiliano Kargieman (CEO of Nasdaq-listed Satellogic), Mat Travizano (founder of Sur Ventures and Grandata), and Stan Chudnovsky (former Meta and PayPal VP, co-founder of NFX), and remains an early-stage organization with 1–10 employees and no disclosed operating revenue.

Name

Sur Energy

Legal name

Sur Energy

Website

https://sur.energy

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Sur Energy is a privately-held Argentine digital infrastructure developer that designs, finances, and delivers large-scale, renewable-powered AI data center campuses in Latin America, anchored by the 500MW Stargate Argentina project and an OpenAI offtake LOI.

Ownership category

akta.pro rank

Product category

AI Data Center Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Electric Power Generation (22111)

SIC

Services-Computer Integrated Systems Design (7373), Electric Services (4911)

akta.pro primary industry

Renewable Integration & Energy Efficiency (PUE Optimization, Heat Reuse) (HDABAKAL)

akta.pro secondary industries

Renewable Energy Industrial Facilities Construction (Solar, Wind, Storage) (IMAFADAD), Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ), Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI)

Keywords

• AI data centers
• Digital infrastructure
• Renewable energy
• Data center development
• Energy infrastructure

Headquarters

HQ city

Argentina

HQ country

Argentina

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Data Center Development and Infrastructure Services: Sur Energy develops and finances large-scale AI data center projects in Latin America, structuring investments through joint ventures with cloud infrastructure developers. Revenue is generated through project development fees, infrastructure deployment, and long-term power supply agreements with AI computing tenants.
2. Joint Venture Partnerships: Investment deployment through joint ventures between Sur Energy and top-tier cloud infrastructure developers, with anchor customers like OpenAI as offtakers. Projects like Stargate Argentina involve up to $25 billion in investment at full scale.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Sur Energy develops and finances large-scale AI data center campuses in Latin America, combining advanced engineering, innovative modular design, and renewable energy integration to deliver infrastructure optimized for high-density computing and long-term resilience. The company structures projects through joint ventures with top-tier cloud infrastructure developers and signs long-term power supply offtake agreements with anchor customers such as OpenAI.

Product overview

Sur Energy is a digital infrastructure development company focused on Latin America that provides sustainable data center solutions for AI computing. The company operates a single core offering portfolio centered on developing and financing AI-focused data center infrastructure. The primary named product is Stargate Argentina (a 500MW AI data center project in Patagonia), complemented by general Data Center Development Services that combine advanced engineering with renewable energy integration for high-density AI computing environments.

Differentiator

Problem solved

Functional benefit

Products and services

• Stargate Argentina A large-scale AI data center project in Patagonia, Argentina, with up to 500MW capacity, designed to host next-generation AI computing workloads for major AI companies like OpenAI. The project is structured under Argentina's RIGI incentive regime with up to $25 billion investment at full scale.
• Data Center Development Services Development and long-term financing of data centers for AI infrastructure, combining advanced engineering, innovative design, and renewable energy integration to create environments optimized for high-density computing and long-term resilience. Offered to AI companies and cloud infrastructure developers across Latin America.

Quantifiable outcome

• 500 MW capacity for next-generation AI computing
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• OpenAIcoreStrategic or Co-development Partner · 10 October 2025Sur Energy and OpenAI have signed a Letter of Intent (LOI) to collaborate on Stargate Argentina, a pioneering AI infrastructure project. Sur Energy serves as the energy and infrastructure developer behind the project, leading implementation and ensuring the data center ecosystem is powered by secure, efficient, and sustainable sources. OpenAI welcomes the opportunity to become an offtaker of the planned 500MW facility. The partnership aims to drive AI-powered growth in Argentina while generating economic and social benefits, with OpenAI also seeking to enable its technology adoption across Argentine government institutions under the OpenAI for Countries initiative.
• Top-tier Cloud Infrastructure Developer (Joint Venture Partner)coreStrategic or Co-development Partner · 10 October 2025Sur Energy is deploying the $25 billion Stargate Argentina investment through a joint venture with a top-tier cloud infrastructure developer. Sur Energy leads project implementation while the partner contributes cloud infrastructure development expertise. This joint venture structure is key to executing one of the largest technology and energy-infrastructure initiatives in Argentina's history.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Aligned Energy: Developer of sustainable, scalable hyperscale data centers with adaptive cooling and efficiency focus; comparable in targeting AI-class high-density tenants with purpose-built infrastructure.
• IREN (Iris Energy): Renewable-powered data center operator that has pivoted from Bitcoin mining to AI/HPC compute, using behind-the-meter renewable generation — closely aligned with Sur Energy's renewable-energy-for-AI positioning.
• EdgeConneX: Private data center developer building large-scale, sustainable campuses for cloud and AI providers; relevant peer for Sur Energy's build-finance-operate model targeting hyperscaler tenants.
• Crusoe Energy: US-based developer of AI data centers powered by stranded and renewable energy; most directly comparable in combining modular AI compute campuses with renewable-energy sourcing and large hyperscaler customers.
• Vantage Data Centers: Global hyperscale data center developer with multi-hundred-MW campuses; comparable as a project-development platform delivering turnkey AI-suitable capacity to anchor tenants.
• Applied Digital: Designs, builds, and operates large-scale data centers optimized for HPC and AI workloads with long-term lease structures to anchor tenants — directly comparable business model to Sur Energy's project development with anchor offtake.

Broad incumbents

• Digital Realty: Global data center REIT operating 300+ facilities across multiple continents including LATAM; broader incumbent offering colocation and hyperscale capacity that overlaps with Sur Energy's target market.
• Equinix: Largest global colocation operator with extensive LATAM presence (e.g., Brazil, Mexico); comparable as a mature, broad incumbent against which Sur Energy's developer-led model must compete for hyperscaler workloads.

Regional players

• YPF Luz: Argentine renewable-energy subsidiary of YPF developing wind/solar generation in Patagonia; the closest in-country peer on the renewable-energy supply side of Sur Energy's AI campus project.

Emerging players

• CoreWeave: AI-native cloud infrastructure provider operating its own GPU clusters and data centers; partially overlapping with Sur Energy's AI-infrastructure mission though more vertically integrated into compute rather than energy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sur-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Sur Energy