47 Equinix, a leading digital infrastructure company, and PGIM Real Estate, the real estate investment arm of Prudential Financial asset management business, have announced a groundbreaking $600 million joint venture. The collaboration aims to develop and operate the inaugural Scale data center in the United States, situated in California’s Silicon Valley region. Named SV12x, the two-story facility will undergo construction in two phases, ultimately boasting over 28 megawatts (MW) of power capacity upon completion. Positioned within Equinix’s Great Oaks data center campus in San Jose, SV12x will complement four existing Equinix International Business ExchangeTM (IBX®) data centers. The initial phase of construction is slated for completion in Q2 2024. Equinix xScale data centers offer hyperscale companies the opportunity to enhance their core deployments within Equinix IBX data centers. This integration facilitates streamlined growth on a unified platform spanning over 70 global metros, providing direct interconnection to an extensive ecosystem of over 10,000 customers. You Might Be Interested In $550 million investment in India’s education sector by Singapore’s Global Schools How BRI embraced ESG and DEI while serving Indonesia’s unbanked population Oxyle secures major funding to combat water pollution crisis Viridian Therapeutics: Mixed Bag, Not Eye-Catching Enough South Africa Faces Continued Economic Challenges India’s Auto Industry Revs Up as it Becomes Third Largest Market Globally
