State-of-the-art data center company Novva Data Centers has secured $2B in new funding from JP Morgan Chase and Starwood Capital Group to complete its flagship 175MW Salt Lake City data center. Once complete, the facility will be one of the largest direct-to-chip cooled AI data centers in the world.
The first phase of Novva’s Salt Lake City data center began operations in 2023, opened with 300,000 square feet of data center space and an additional 80,000 square feet of office space that serves as the company’s headquarters. This latest round of financing will allow Novva to complete phases 2 and 3 of the project, which will add another 636,000 square feet of data hall space with an additional 144MW of critical IT load. Once the buildout wraps in 2026, the data center campus will span a total of one million square feet and feature 175MW of capacity
“Our Salt Lake City center is the first facility where we were able to fully showcase Novva’s vision for future-proof data center facilities that put sustainability, innovative technology, and client needs first, and we’re proud to continue that legacy with this second and third phase of construction,” said Novva CEO Wes Swenson. “Above and beyond the sustainability and technological sophistication our facilities bring, the Salt Lake City campus offers our clients some of the lowest total cost of ownership in the industry in a strategic location that offers low-cost power, low disaster risk, low latency, dense long-haul fiber, proximity to an international airport, no sales tax on equipment purchases and a high-altitude cold desert climate.”
Novva was founded in 2020 with backing from CIM Group and has quickly delivered on its original mission to bring life to purpose-built, sustainable data centers. Since opening its Salt Lake City campus, Novva has also added data centers in Colorado Springs and Las Vegas to its lineup and is in the process of building data centers in Reno, Nevada, San Francisco and Mesa, Arizona, all of which employ renewable energy, high-density capacity, water-free cooling and innovative technologies like AI-powered robotic dogs for security and infrastructure monitoring.
Read the full announcement here.
To learn more about Novva Data Centers, visit www.novva.com
