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

September 21, 2022--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. Alphabet Incorporated (NASDAQ:GOOGL) (Mountain View, California), the parent company of Google, is among the companies developing related projects, as well as Facebook parent company Meta Platforms Incorporated's (NASDAQ:META), Microsoft Corporation (NASDAQ:MSFT) and Greenidge Generation Holdings Incorporated (NASDAQ:GREE).