Panattoni Picks Partner for Data Center Push
Tuesday, August 20th 2024
Panattoni Development has added Adam Kramer, who previously served as CEO of carbon-emissions management company nZero, as a partner to oversee its plans to develop data centers across the country. Panattoni, known for the industrial, office and retail buildings it’s developed, said it’s getting into the data center business as the boom in artificial intelligence, or AI, fuels demand for data center capacity. Based in Irvine, California, Panattoni said it plans to develop a total of a gigawatt of datacenter capacity, or enough to power about 876,000 homes, over the next five years. “You want to be where the customer is, and right now the customer wants to be in the data-center world,” said Doug Roberts, president of North American development at Panattoni, in a statement. Panattoni plans to build data centers on land it owns as well as on properties it buys for the structures. Its developments will range in size from 100 megawatts to 500 megawatts of capacity, the company said. In addition to nZero, Kramer served as an executive at technology infrastructure provider Switch.