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Released April 23, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking more than $12.7 billion worth of industrial projects under construction in Virginia. While the state is seeing activity across most industrial sectors, the data center segment accounts for nearly half of this spending, coming in at more than $6 billion. The state also is seeing development in its solar-power and pharmaceutical markets.
In other parts of the U.S., many of the largest data centers are being built by some of the most recognizable names in the tech sector such as Facebook and Instagram parent Meta Platforms Incorporated (NASDAQ:META) (Menlo Park, California) and Google's Alphabet Incorporated (NASDAQ:GOOGL) (Mountain View, California). But Virginia is seeing an influx of companies strictly dedicated to data centers, particularly around the busy Washington, D.C., area. CloudHQ LLC (San Francisco, California) and STACK Infrastructure (Denver, Colorado) are two of the high-profile data center-developers in the state.
CloudHQ's largest project is underway in Sterling, on the northwestern outskirts of Washington, where it is building a grassroot, three-story data center with 1.4 million square feet and 58 megawatts (MW) of power. CloudHQ also is developing a three-story, 585,500-square-foot data center in nearby Ashburn that will feature more than 90 MW of power. Both facilities are expected to be completed this summer, greatly enhancing CloudHQ's presence in the D.C. area. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can learn more by viewing the reports on the Sterling and Ashburn projects.
STACK also has a project in Ashburn, where it has launched three phases of Project Nova, a planned, 1.1 million-square-foot campus featuring more than 200 MW of power. The first phase includes a 372,000-square-foot data center building that is expected to be completed this summer. A little more than 20 miles south in Manassas, STACK has launched an even larger project, planned to be 4 million square feet with 250 MW of power. The first phase, which began in 2021, includes a 700,000-square-foot building with 72 MW of power. A third phase began in 2022 and is expected to be completed toward the end of this year, adding 281,000 square feet and another 36 MW of power. Subscribers can learn more by viewing the project reports on the Ashburn and Manassas projects.
Outside of the data center sector, Virginia's Pharmaceutical-Biotech Industry shows strength, with $1.4 billion worth of projects underway. Among the largest of these is a building addition for the biotechnology institute of the University of Virginia in Charlottesville. General contractor Faulconer Construction Company (Charlottesville) kicked off construction on the four-story, 350,000-square-foot building late last year. The Leadership in Environmental Design (LEED)-certified facility is expected to be completed in mid-2026 and will be home not only to university students and researchers, but to other life sciences companies in the Charlottesville area. Subscribers to Industrial Info's Pharmaceutical-Biotech Project Database can learn more by viewing the project report.
The Power Industry also shows strength in Virginia, with solar power accounting for more than $1.2 billion worth of projects. Among the top projects in this segment is Strata Clean Energy LLC's (Durham, North Carolina) Bookers Mill solar plant near Farnham. Strata began work on the grassroot solar farm in 2022, placing the first of an eventual 332,000 solar panels manufactured by First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) and mounted on a single-axis tracking system. When completed later this year, the plant will begin providing 127 MW of power. Subscribers can click here to learn more about the project.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
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) 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 over 200,000 current and future projects worth $17.8 trillion (USD).
In other parts of the U.S., many of the largest data centers are being built by some of the most recognizable names in the tech sector such as Facebook and Instagram parent Meta Platforms Incorporated (NASDAQ:META) (Menlo Park, California) and Google's Alphabet Incorporated (NASDAQ:GOOGL) (Mountain View, California). But Virginia is seeing an influx of companies strictly dedicated to data centers, particularly around the busy Washington, D.C., area. CloudHQ LLC (San Francisco, California) and STACK Infrastructure (Denver, Colorado) are two of the high-profile data center-developers in the state.
CloudHQ's largest project is underway in Sterling, on the northwestern outskirts of Washington, where it is building a grassroot, three-story data center with 1.4 million square feet and 58 megawatts (MW) of power. CloudHQ also is developing a three-story, 585,500-square-foot data center in nearby Ashburn that will feature more than 90 MW of power. Both facilities are expected to be completed this summer, greatly enhancing CloudHQ's presence in the D.C. area. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can learn more by viewing the reports on the Sterling and Ashburn projects.
STACK also has a project in Ashburn, where it has launched three phases of Project Nova, a planned, 1.1 million-square-foot campus featuring more than 200 MW of power. The first phase includes a 372,000-square-foot data center building that is expected to be completed this summer. A little more than 20 miles south in Manassas, STACK has launched an even larger project, planned to be 4 million square feet with 250 MW of power. The first phase, which began in 2021, includes a 700,000-square-foot building with 72 MW of power. A third phase began in 2022 and is expected to be completed toward the end of this year, adding 281,000 square feet and another 36 MW of power. Subscribers can learn more by viewing the project reports on the Ashburn and Manassas projects.
Outside of the data center sector, Virginia's Pharmaceutical-Biotech Industry shows strength, with $1.4 billion worth of projects underway. Among the largest of these is a building addition for the biotechnology institute of the University of Virginia in Charlottesville. General contractor Faulconer Construction Company (Charlottesville) kicked off construction on the four-story, 350,000-square-foot building late last year. The Leadership in Environmental Design (LEED)-certified facility is expected to be completed in mid-2026 and will be home not only to university students and researchers, but to other life sciences companies in the Charlottesville area. Subscribers to Industrial Info's Pharmaceutical-Biotech Project Database can learn more by viewing the project report.
The Power Industry also shows strength in Virginia, with solar power accounting for more than $1.2 billion worth of projects. Among the top projects in this segment is Strata Clean Energy LLC's (Durham, North Carolina) Bookers Mill solar plant near Farnham. Strata began work on the grassroot solar farm in 2022, placing the first of an eventual 332,000 solar panels manufactured by First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) and mounted on a single-axis tracking system. When completed later this year, the plant will begin providing 127 MW of power. Subscribers can click here to learn more about the project.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
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) 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 over 200,000 current and future projects worth $17.8 trillion (USD).
