Key facts
- CPP Investments will invest $1.75 billion in EQT Corp.'s AI data center buildout.
- The investment will support the development of over 10 gigawatts of new data centers.
- EQT subsidiary EdgeConneX will manage the development of the data centers.
- The investment aims to bolster infrastructure for AI technologies.
Canada Pension Plan Investment Board (CPP Investments) is set to invest $1.75 billion to back EQT Corp.'s ambitious artificial intelligence infrastructure buildout. This substantial financial commitment is designated to fund the creation of more than 10 gigawatts of new data center capacity. The investment will be facilitated through EdgeConneX, a subsidiary of EQT Corp.
The initiative by EQT Corp. focuses on expanding its data center footprint to meet the escalating demands driven by artificial intelligence. The partnership with CPP Investments underscores the significant capital required for such large-scale infrastructure projects. EdgeConneX will be the operational arm responsible for developing these new facilities.