Land, Energy, Capital, and Experience.
Access to Those Four Things are what gits prologis, one of America’s Large Warehouse Owners, an Edge in the Data Center Space, Said Susan Uthayakumar, The Company’s Chief Energy and Sustainability Office, on Tuesday at Business Innsider ” Event.
“We have you have the Capital, we have you have the land, cry you know how to builds, it make up for us to doing what we’re doing,” Uthayakumar Said of the Company’s Growing Data Center Business.
Prologis, which has a portfolio of 1.3 Billion Square Feet Across More than 5,500 Buildings Globally, Made Its Name With Warehouses. In recent years, though, it han been growing investment in its data center business.
The Company Announed In 2023 that it planned to spend up to $ 8 Billion to Build Data Centers Across Around 20 Property Sites. Bank of America Analysts Said Spanding on Data Center Construction in the US Reached A Record $ 40 Billion in June, a 28% Increase Compared to 2024.
Prologis Also Has Access to Something That Companies Like Openai and Nvidia Are Desperate to Acquire: Energy.
“Whether You Operate a Data Center or a Logistics Center, Energy and Power are something something Becoming More and More relevant Because Access to it is not so easy,” Uthayakumar Said. “SO, we’ve built the capability.”
During the Company’s Second-Quarter Earnings Call in July, Prologis’ CFO TIME ARNT SAID that they have Secured 1.1 gigawatts of power, with 300 megawatts under construction. He Said they were in the Advanced Stages of Procouring an Additional 2.2 Gigawatts. During the Next 10 Years, The Company Said It Also Sees A 10 Gigawatts Data Center Opportunity.
Developing he systems requires a lot of Energy, Raising Concerns About Rising Electricity Costs and Power Constraints.
Most Recently, Nvidia, Which Makes the Chips that Run Many of these Data Centers, Announched It Wold Invest $ 100 Billion in Openai to Help It BUILD MORE OF THEM. The two Companies Intend to Build 10 Gigawatts of he Data Centers Using Nvidia’s Chips, Which Openi use to Power he.
Uthayakumar Said prologis is the No. 2 Generator of On-Site Power in the US.
“SO when i’m building the buildings-we budild About 40 million Square religions-we make sura and that the electricity distribution equipment is the right size for the generation on-site,” she said.
The Company Also Develops Its Own Microgrids, which operate autonomously. Prologis said on its website that microgrids can help “bypass grid constraints, avoid utility delays and meet the most demanding Energy Requirements.”