US-based data center provider Stack Infrastructure has secured a significant $900 million in green financing to support the construction of its latest data center campus, NVA05, located in Manassas, Virginia. The financing marks a major step in the development of this state-of-the-art facility, designed with sustainability and efficiency at its core.
Overview of the NVA05 Campus
The NVA05 campus will span 62 acres in the heart of Northern Virginia’s Prince William County. With a projected capacity of 200 megawatts (MW), the site is positioned for expansion and operational scalability. The campus will be strategically located next to high-voltage transmission lines connected to a Novec substation, which will be expanded to accommodate the facility’s energy needs.
This green financing will fund the development of a data center powered by 100% renewable energy, reflecting Stack’s commitment to sustainability. The data center will also incorporate an efficient, low-water-use design, further contributing to its environmental goals.
A Shift in Scope: From 84MW to 200MW
Initially planned with a capacity of 84MW, the NVA05 project has seen a significant expansion following the announcement of the green financing. The project’s scope has grown to more than double the original size, with plans now calling for a 200MW capacity across multiple buildings. While the project’s development timeline and updated capacity figures are being finalized, Stack’s ability to scale the facility demonstrates its flexibility in meeting growing demand in the data center market.
Comments from Key Stakeholders
Tim Hughes, Chief Development Officer at Stack, highlighted the importance of this financing in enabling the company to meet increasing demand for data center infrastructure. “By fully funding this project, we reassure our clients and partners of our ability to deliver digital infrastructure that supports their growth with speed, scale, and certainty,” Hughes stated.
This expansion comes as part of Stack’s larger strategy to enhance its presence in the Virginia data center market. With several ongoing projects in the region, Stack is positioning itself to cater to the ever-growing demand for high-performance computing and cloud services.
Stack’s Growing Footprint in Virginia
Virginia continues to be a key market for Stack, with several data center campuses already operating or under development. In November 2022, the company broke ground on the NVAL3 hyperscale campus in Prince William County. This was followed by an announcement in December 2023 regarding the acquisition of land to expand the NVA02 campus.
In addition, Stack recently secured $1.3 billion in financing, with $700 million earmarked for projects in Virginia. This is part of a broader funding strategy, which also saw the announcement of a new 72MW campus in Leesburg, Virginia (NVA-06), expected to be completed in Q2 2025.
Future Plans and Investment
With an additional $3 billion fund raised in August 2024, Stack is well-positioned to continue its expansion across the United States, focusing heavily on Virginia’s rapidly growing data center market. The new funding will support projects not only in Northern Virginia but also across the country, solidifying Stack’s position as a leader in digital infrastructure development.
FAQ Section
Q1: What is the NVA05 data center campus? The NVA05 is a proposed 200MW data center campus located in Manassas, Virginia. The facility will use 100% renewable energy and be designed for energy efficiency and low water use.
Q2: How large is the NVA05 campus? The NVA05 campus will span 62 acres in Prince William County, Virginia. It has seen a major expansion from the originally planned 84MW capacity to 200MW.
Q3: What is the significance of Stack’s green financing? Stack secured $900 million in green financing to support the development of NVA05. This financing will enable the project to incorporate sustainable practices, including renewable energy and low-water-use design.
Q4: How does Stack’s expansion in Virginia benefit the data center industry? Stack’s growth in Virginia contributes to the increasing demand for data center capacity in the region, supporting businesses’ need for digital infrastructure and ensuring environmental sustainability.
Q5: What other data center projects is Stack involved in? Stack is currently developing several data centers in Virginia, including the NVAL3 campus, NVA02 expansion, and NVA-06 campus. The company is also raising additional funds to support future growth.
