Quantum Loophole Inc, a Texan data centre startup, and TPG Real Estate Partners (TREP), the real estate investment arm of global alternative asset firm TPG, announced that they have formed a joint venture. As part of the JV TREP has acquired a minority stake in Quantum Loophole and will help to fund the site acquisition.
The JV’s first major project is the development of a 1GW data centre campus in Frederick County, Maryland, United States.
The 2100 acre Maryland site, which previously housed an aluminium production plant, was acquired by the JV from Alcoa for $100 million earlier this year. Frederick County is less than one millisecond by fibre from the centre of the Northern Virginia Internet ecosystem. The site has a 1,000MVA utility feed and it is anticipated that between 30-120MW capacity data centre modules can be deployed in less than nine months. At full build out, the campus could be home to more than 1GW of data centre load.
“This project marks the first comprehensive approach to data center development inclusive of environmental impact, efficiency in power use and distribution, fiber connectivity, and a streamlined approach to construction.” commented Josh Snowhorn, Founder & CEO of Quantum Loophole.
Quantum Loophole will also construct a fibre ring with regional interconnection points on order to enable large-scale traffic flows for high bandwidth users.