Powerhouse Data Centers

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.

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

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

• Hyperscale data centers
• Build-to-suit real estate
• Powered shell solutions
• Data center development
• AI infrastructure

Headquarters

HQ city

Mclean

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. 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.
2. Full Turnkey Deployments: Complete data center deployment services including design, construction, and fit-out for hyperscale operators seeking ready-to-operate facilities.
3. 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

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core 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

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Pennsylvania Data Center PartnerscoreStrategic or Co-development Partner · 1 July 2025Joint venture for $15 billion, 1.35 GW hyperscale data center campus in Carlisle, Pennsylvania. Partnership between local landowners and PowerHouse.
• Provident Data CenterscoreStrategic or Co-development Partner · 25 February 2025Dallas-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 ConnectminorStrategic or Co-development Partner · 17 January 2025Partnership 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 CompaniescoreStrategic or Co-development Partner · 16 January 2025Louisville-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 ParkscoreStrategic or Co-development Partner · 29 August 2024Technology 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.
• CyrusOnecoreChannel Partner/ Reseller/ Distributor · 12 May 2023Colocation provider. Lease agreement for ABX-1 data center powered shell in Ashburn, Virginia. First major lease tenant for PowerHouse Northern Virginia portfolio.
• HillwoodcoreStrategic or Co-development PartnerInvestment 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)coreOthersUtility company building transmission substation to serve Louisville data center. Secured initial 335 MW power capacity with expansion to 402 MW for hyperscale campus.
• Duke EnergycoreOthersBuilding additional substation at Charlotte campus to deliver incremental 500 MW of power. Duke can provide over 50% renewable energy through nuclear generation.
• CoreWeavecoreChannel Partner/ Reseller/ DistributorAI 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

Broad 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

• LinkedInlinkedin.com/company/powerhousedatacenters
• Xx.com/PowerHouse_Data

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Powerhouse Data Centers