U.S. Data Centers Set for Up to $11 Billion in 4Q Project Starts

Researched by Industrial Info Resources (Sugar Land, Texas)--With the COVID-19 pandemic now in the rearview mirror for most U.S. households and workplaces, tech giants are expanding their data-center capacities as demand continues to climb for 5G, teleconferencing and online-streaming technology. Cloud computing--the use of internet-based servers to store and process data--also is unlikely to slow, spurring the development of hyperscale data centers. Industrial Info is tracking more than $11 billion worth of data-center projects that are set to begin construction before the end of the year.

Click on the image at right for a graph detailing the top 10 parent companies for U.S. data center projects slated to kick off from October through December.

Alphabet Incorporated (NASDAQ:GOOGL) (Mountain View, California), the parent company of Google, is preparing to begin construction on a $600 million data center campus in Kansas City, Missouri, the first of a multi-phase development in the North Arlington Business Park. Alphabet showed its confidence in the project last December, when it upped its purchased land from about 80 to 236 acres, according to a local Fox affiliate. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can read more in a detailed project report.

"The largest investments in the second quarter were in servers, followed by data centers and office facilities," said Ruth Porat, the chief financial officer of Alphabet, in a recent quarterly earnings-related conference call. "After several large transactions closed in the first quarter, investment in office facilities was once again focused on fit-outs and ground-up construction on existing projects."

Alphabet is exploring other proposed data-center projects that could make strides in the fourth quarter. The tech giant, which announced last year it would spend $7 billion on growing its offices and data centers across the U.S., said earlier this year it would expand its data center in Moncks Corner, South Carolina, with an estimated $500 million investment. Other areas of potential growth include data centers in Midlothian, Texas, and Papillion, Nebraska. Subscribers can read detailed reports on the Moncks Corner, Midlothian and Papillion projects.

The Papillion area also is home to one of Facebook parent company Meta Platforms Incorporated's (NASDAQ:META) (Menlo Park, California) proposed developments: the Papillion Data Center in neighboring Springfield, where Meta plans to add a pair of buildings. Like Alphabet, Meta is growing its footprint across the U.S. Midwest with data-center projects, including proposed facilities in De Kalb, Illinois, and Altoona, Iowa. Subscribers can read detailed reports on the Springfield, De Kalb and Altoona projects.

Not to be outdone, tech evergreen Microsoft Corporation (NASDAQ:MSFT) (Redmond, Washington) is preparing to begin work on its "SAT15" data center in San Antonio, Texas, adjacent to the "SAT14" site, which began construction in April. Both facilities are intended to address the growing need for cloud services in the area. Subscribers can read detailed reports on the SAT15 and SAT14 projects.

Cryptocurrency took a significant hit in the recent market downturn, but Greenidge Generation Holdings Incorporated (NASDAQ:GREE) (Fairfield, Connecticut) is pushing forward on the renovation of its cryptocurrency data center in Spartanburg, South Carolina, which includes the installation of more than 22,000 new cryptocurrency mining machines. Subscribers can read more in a detailed project report.

Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.

Subscribers can click here for a full list of U.S. data-center projects that are set to begin construction before the end of the year.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).