Powerhouse Data Centers
PowerHouse Data Centers is a private hyperscale data center developer (division of AREP) that builds gigawatt-scale, AI/HPC-ready powered shell campuses across nine U.S. markets for cloud and GPU tenants including CoreWeave and CyrusOne, financed primarily through institutional joint ventures.
- Company typePrivate
- Founded2022
- HeadquartersMclean, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Powerhouse Data Centers does
PowerHouse Data Centers is a division of American Real Estate Partners (AREP) that develops hyperscale data center campuses for cloud computing and AI/HPC tenants. Founded in 2021 and headquartered in McLean, Virginia, the company has built a portfolio of 118 data center facilities totaling 8.1 GW of power capacity across 32.2 million square feet in nine U.S. markets including Northern Virginia, Texas, Nevada, North Carolina, Kentucky, Pennsylvania, Indiana, and Illinois. PowerHouse specializes in build-to-suit (BTS) powered shell and full turnkey deployment solutions engineered for high-density AI workloads, with specifications including High Density Power infrastructure, immersive cooling supporting up to 30 kW rack densities, and OCP-Ready and DGX-Ready certifications.
The company's business model rests on three revenue streams: long-term powered shell leases to hyperscale tenants (subscription recurring revenue), one-time full turnkey deployments, and joint-venture development with financial and strategic partners that generate fees, equity participation, and downstream lease revenue. PowerHouse develops exclusively through JVs with capital partners including Harrison Street ($1 billion), Blue Owl Capital and Chirisa Technology Parks ($5 billion), Town Lane, Poe Companies, Provident Data Centers, and Hillwood. Confirmed tenant relationships include CoreWeave (anchor in the Blue Owl JV), CyrusOne (ABX-1 powered shell lease), and potential hyperscale tenants (Google, Amazon, Microsoft) for the Louisville campus. The company also maintains utility partnerships with LG&E, Duke Energy, and Dominion Energy to secure power capacity ahead of site construction.
Go-to-market is direct enterprise sales led by co-founders and senior executives, targeting hyperscale operators with multi-megawatt to gigawatt requirements. Distribution is relationship-driven rather than transactional; speed to market (18-24 months from land acquisition to operational buildings) and pre-secured power capacity are the principal selling propositions. Leadership includes veterans from Equinix, AWS, Digital Realty, CoreSite, and Dominion Energy. PowerHouse operates as an unregulated, private division of AREP and has received institutional capital via AREP's own Fund IV ($309M, 80% allocated to PowerHouse) alongside external JV partners.
Powerhouse Data Centers firmographics
Firmographics- Name
- Powerhouse Data Centers
- Legal name
- PowerHouse Data Centers
- Website
- https://powerhousedata.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PowerHouse Data Centers is a private hyperscale data center developer (division of AREP) that builds gigawatt-scale, AI/HPC-ready powered shell campuses across nine U.S. markets for cloud and GPU tenants including CoreWeave and CyrusOne, financed primarily through institutional joint ventures.
- Ownership category
- akta.pro rank
Powerhouse Data Centers industry classification
Industry- Product category
- Hyperscale Data Center Development
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- akta.pro primary industry
- Hyperscale Data Center Campuses (Build-to-Suit) (HDABACAC)
- akta.pro secondary industries
- Modular & Prefabricated Data Centers (HDABACAH), HPC / AI-Optimized Data Center Facilities (HDABACAJ)
Keywords
Where Powerhouse Data Centers is headquartered
LocationHeadquarters
- HQ city
- Mclean
- HQ country
- United States
- HQ region
- North America
Offices12 records
Markets served
Powerhouse Data Centers business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Powered Shell Development: Development and lease of build-to-suit powered shell data center facilities to hyperscale tenants. Revenue generated through long-term lease agreements with major technology companies requiring large-scale data center capacity.
- Full Turnkey Deployments: Complete data center deployment services including design, construction, and fit-out for hyperscale operators seeking ready-to-operate facilities.
- Joint Venture Development: Strategic joint ventures with financial partners and other developers to co-develop data center campuses, generating returns through development fees, equity participation, and long-term lease revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quote-based pricing for hyperscale data center facilities |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels5 records
Powerhouse Data Centers product offering
Product offeringCore offering
PowerHouse Data Centers develops, owns, and leases hyperscale data center campuses under long-term agreements with cloud and AI tenants. The company delivers next-generation powered shell and full turnkey build-to-suit deployments, with designs optimized for High Performance Computing, High Density Power (up to gigawatt scale), and Immersive Cooling capabilities, across nine major U.S. markets totaling 118 facilities and 8.1 GW of utility capacity.
Product overview
PowerHouse Data Centers is a division of American Real Estate Partners (AREP) offering a platform of hyperscale data center campuses across nine major U.S. markets. The company provides technical real estate solutions and next-generation powered shell data centers for hyperscalers, featuring High Performance Computing (HPC), High Density Power (HDP), and Immersive Cooling capabilities. The portfolio includes 118 data centers representing over 8.1 GW of capacity across Northern Virginia, Texas, Pennsylvania, Kentucky, North Carolina, Nevada, Indiana, and Illinois. Key products include PowerHouse 95 (Spotsylvania, VA), PowerHouse Irving (Texas), PowerHouse Arcola (Virginia), PowerHouse Charlotte (North Carolina), PowerHouse Louisville (Kentucky), PowerHouse Grand Prairie (Texas), PowerHouse Reno (Nevada), PowerHouse Joliet (Illinois), PAX-1 (Pennsylvania), and powered shell solutions designed for OCP-Ready and DGX-Ready environments serving AI, cloud, and high-performance computing workloads.
Differentiator
Problem solved
Functional benefit
Products and services
- PowerHouse 95 800 MW data center campus in Spotsylvania County, Virginia with three 300 MW substations, serving hyperscale users in Northern Virginia. First 300 MW substation delivered by October 2025.
- PowerHouse Irving 201 MW data center campus in Irving, Texas developed in partnership with Harrison Street. Three buildings totaling nearly one million square feet.
- PowerHouse Arcola 120 MW campus in Loudoun County, Virginia featuring two two-story data center buildings totaling 615,000 square feet, equipped for AI, cloud, and high-performance computing workloads.
- PowerHouse Charlotte 315+ MW data center campus in Charlotte, North Carolina on 122 acres along University City Boulevard. Four buildings across two phases with advanced cooling systems for AI-driven workloads.
- PowerHouse Louisville 402 MW hyperscale data center campus in Louisville, Kentucky developed in partnership with Poe Companies. Kentucky's first large-scale data center, targeting Q4 2026 opening.
- PowerHouse Grand Prairie 500 MW hyperscale data center campus on 768-acre site in Grand Prairie, Texas developed in partnership with Provident Data Centers. First 500MW tranche approved through ERCOT.
- PowerHouse Reno 200 MW data center campus at Tahoe Reno Industrial Center in Storey County, Nevada. Three two-story buildings totaling 900,000 square feet on 49 acres.
- PowerHouse Joliet 1.8 GW data center campus in Joliet, Illinois developed in partnership with Hillwood. $20 billion investment on 795 acres with up to 24 buildings.
- PAX-1 (Pennsylvania Digital 1) 1.35 GW hyperscale data center campus in Carlisle, Pennsylvania developed by Pennsylvania Data Center Partners and PowerHouse Data Centers on 693 acres.
- PowerHouse ABX-1 265,000 square foot powered shell data center at Beaumeade in Ashburn, Virginia. Two-story facility leased to CyrusOne.
- PowerHouse Pacific Data center development at former AOL headquarters site on Pacific Boulevard in Ashburn, Virginia. Three state-of-the-art build-to-suit data centers for hyperscale tenants.
- 1600 Digital Drive Data center facility at 1600 Digital Drive in Richmond, Virginia (Chesterfield County) developed in partnership with Chirisa Technology Parks. Five AI-ready facilities totaling over 600,000 square feet.
- CTP-02 and CTP-03 Data center facilities at CTP (Chirisa Technology Parks) campus in Richmond, Virginia totaling 420 MW capacity.
- Powered Shell Data Centers Platform Build-to-suit powered shell data center solutions enabling hyperscale tenants to configure spaces with precision while accelerating deployment timelines. OCP-Ready and DGX-Ready environments with High Performance Computing, High Density Power, and Immersive Cooling capabilities.
Quantifiable outcome
- Speed to market: First buildings operational within 18-24 months of land acquisition
- +2 more outcomes
Companies that use Powerhouse Data Centers
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
Powerhouse Data Centers technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Powerhouse Data Centers partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Pennsylvania Data Center PartnerscoreJoint venture for $15 billion, 1.35 GW hyperscale data center campus in Carlisle, Pennsylvania. Partnership between local landowners and PowerHouse.
- Provident Data CenterscoreDallas-based data center developer. Joint venture for 1.8GW hyperscale campus on 768-acre site in Grand Prairie, Texas. First 500MW tranche approved through ERCOT with first building slated for May 2026.
- Quantum ConnectminorPartnership for Ashburn's first fiber hub designed for AI and high-density workloads. 20 MW critical power with initial availability late 2026. Quantum Connect developing facility at Quantum Park.
- Poe CompaniescoreLouisville-based real estate firm. Joint venture partner for Kentucky's first hyperscale data center campus. Poe Companies assembled 150+ acres at Camp Ground Road and provides local market expertise.
- Chirisa Technology ParkscoreTechnology parks developer. Co-developer in $5 billion JV for AI/HPC data centers. Existing 350-acre campus near Richmond, VA serves as initial development site for CoreWeave.
- CyrusOnecoreColocation provider. Lease agreement for ABX-1 data center powered shell in Ashburn, Virginia. First major lease tenant for PowerHouse Northern Virginia portfolio.
- HillwoodcoreInvestment properties firm. Partner for $20 billion Joliet Technology Center - 795-acre, 1.8GW data center campus in Illinois with up to 24 buildings across four phases.
- LG&E (Louisville Gas and Electric)coreUtility company building transmission substation to serve Louisville data center. Secured initial 335 MW power capacity with expansion to 402 MW for hyperscale campus.
- Duke EnergycoreBuilding additional substation at Charlotte campus to deliver incremental 500 MW of power. Duke can provide over 50% renewable energy through nuclear generation.
- CoreWeavecoreAI cloud provider and anchor tenant in Blue Owl/Chirisa/PowerHouse $5B JV. Initial 120MW capacity to be delivered in 2025-2026 for GPU cloud workloads.
Scale indicators10 records
Recent moves8 records
Expansion highlights6 records
Powerhouse Data Centers competitors and assessment
Company assessmentBroad incumbents
- Equinix: Equinix is the largest global colocation and interconnection provider with significant hyperscale exposure through xScale data centers. A broad incumbent with overlapping customer base and established Northern Virginia presence, competing for hyperscale build-to-suit mandates.
- Digital Realty: Digital Realty is one of the largest global data center REITs with a hyperscale-focused PlatformDIGITAL offering. A broader incumbent that competes for BTS mandates with deeper balance sheet and existing hyperscale relationships across PowerHouse's target markets.
Direct peers
- Vantage Data Centers: Vantage Data Centers is a hyperscale-focused data center developer with major campuses across North America and Europe. It is one of the most direct comparables to PowerHouse, both building large-scale powered shell and turnkey facilities for hyperscale tenants like AWS, Microsoft, and Meta, with multi-gigawatt pipelines.
- Chirisa Technology Parks: Chirisa Technology Parks is a technology parks developer partnering with PowerHouse on the $5B Blue Owl JV for AI/HPC data centers. Builds and operates data center campuses including the 350-acre CTP campus near Richmond, VA.
- CyrusOne: CyrusOne is a major hyperscale colocation and data center developer (now owned by KKR/Global Infrastructure Partners). Both a competitor in BTS development and a customer of PowerHouse (lease at ABX-1), making it a direct peer with overlapping Northern Virginia footprint.
- Stack Infrastructure: Stack Infrastructure develops and operates hyperscale data center campuses across the U.S. with a focus on build-to-suit powered shell solutions for cloud and AI customers. Highly comparable to PowerHouse in scale (gigawatt-class campuses), target customer base, and product offering.
- Provident Data Centers: Provident Data Centers is a Dallas-based hyperscale data center developer partnering with PowerHouse on the 1.8 GW Grand Prairie campus. Comparable in focus on Texas market BTS development for hyperscale tenants and similar powered shell delivery model.
- EdgeConneX: EdgeConneX specializes in hyperscale and edge data center solutions, building custom powered shell and turnkey facilities for cloud, content, and AI providers. Directly comparable business model to PowerHouse with similar target customers and BTS delivery approach.
- Aligned Energy: Aligned Energy (now part of Macquarie Asset Management) develops hyperscale and adaptive data center infrastructure with focus on high-density and liquid cooling for AI workloads. Directly comparable in targeting AI/HPC tenants with high-density power and cooling capabilities.
Emerging players
- Tract Capital / Tract Data Centers: Tract Capital Management is developing Tract Data Centers, a hyperscale data center platform with major campuses in Nevada and other markets. An emerging player pursuing gigawatt-scale development comparable to PowerHouse's Reno and other Western U.S. campuses.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Powerhouse Data Centers social profiles
Digital presencePowerhouse Data Centers financial estimates
Financial estimateRevenue estimate
Valuation estimate
Powerhouse Data Centers leadership team
Management profileNumber of profiles
Profiles10 records
Powerhouse Data Centers funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Powerhouse Data Centers M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Powerhouse Data Centers
What does Powerhouse Data Centers do?
PowerHouse Data Centers develops, owns, and leases hyperscale data center campuses under long-term agreements with cloud and AI tenants. The company delivers next-generation powered shell and full turnkey build-to-suit deployments, with designs optimized for High Performance Computing, High Density Power (up to gigawatt scale), and Immersive Cooling capabilities, across nine major U.S. markets totaling 118 facilities and 8.1 GW of utility capacity.
Is Powerhouse Data Centers a public or private company?
Powerhouse Data Centers is a private company. It is classified as corporate owned and is currently operating.
When was Powerhouse Data Centers founded?
Powerhouse Data Centers was founded in 2022. It employs 11 to 50 people.
Where is Powerhouse Data Centers based?
Powerhouse Data Centers is headquartered in Mclean, United States, in the North America region.
How does Powerhouse Data Centers make money?
Three revenue lines are on record. Powered Shell Development is the primary driver. The others are full Turnkey Deployments and joint Venture Development.
Who are Powerhouse Data Centers's main competitors?
Broad incumbents on record are Equinix and Digital Realty. Direct peers are Vantage Data Centers, Chirisa Technology Parks, CyrusOne, Stack Infrastructure, Provident Data Centers, EdgeConneX and Aligned Energy. Tract Capital / Tract Data Centers is listed as an emerging player.
Does Powerhouse Data Centers have an API?
No public API is recorded for Powerhouse Data Centers.
What industry is Powerhouse Data Centers in?
Powerhouse Data Centers's product category is Hyperscale Data Center Development. Its primary akta.pro industry code is HDABACAC, Hyperscale Data Center Campuses (Build-to-Suit), with a secondary code of HDABACAH, Modular & Prefabricated Data Centers. Its NAICS code is 5182.