Secured $500 Million Investment for Infrastructure Development Projects
In a groundbreaking move, Takanock, a digital and power infrastructure solutions provider, has announced new capital commitments totaling $500 million from ArcLight and DigitalBridge [2][3][4]. This partnership is significant as it seeks to deliver integrated solutions that accelerate time to power for new data center deployments [2].
Headed by Kenneth Davies, Takanock leverages extensive experience in both energy and digital infrastructure [5]. The company's innovative power solutions are designed specifically for the digital infrastructure sector, particularly data centers facing critical power constraints [1].
One of the key aspects of Takanock's approach is the provision of flexible on-site power solutions. These solutions can serve as prime power sources for data centers during the construction phase, eliminating the need for local utilities to build new off-site generation [1][3]. This bypasses reliance on offsite power generation, reducing the burden on local utilities and preventing cost shifts onto existing utility customers [1][3].
Unlike conventional power generation solutions, Takanock's model avoids pipeline capacity constraints and the need for firm pipeline contracts, which are major hurdles in scaling data center power infrastructure [1][3]. The solutions also emphasize unparalleled resiliency during power disruptions and aim to accelerate the time to power for new data center deployments, which is critical for hyperscalers and large-scale operators with compute-intensive needs [1][2][3].
The partnership between Takanock, ArcLight, and DigitalBridge also focuses on premier Tier I data center markets where existing constraints are most acute [6]. Takanock's dispatchable power solution enhances the grid's capability to support renewable energy sources [7].
Takanock's expertise bridges the gap between energy and digital infrastructure, leveraging Kenneth Davies’ leadership experience from Google Energy and Microsoft’s global renewable strategy to deliver scalable, integrated energy solutions [1][2][3][4]. The company's commitment to sustainability is evident in its minimization of environmental impact and demand on local water resources with best available emission control technologies and closed-loop cooling systems [8].
Since the start of 2024, Takanock has assembled a strategic portfolio of sites across the U.S. [9]. The company is currently executing digital power deployment under long-term contracts at late-stage projects in Northern Virginia and Phoenix [10].
Jon Mauck, DigitalBridge's Senior Managing Director and Head of Data Centers, highlights Takanock's demonstrated ability to deliver innovative commercial structures that bridge the gap between the power and data infrastructure sectors [4]. Jake Erhard, a Partner at ArcLight, expresses the necessity of new power-infrastructure solutions tailored to accelerate time to power and deliver on the prerogatives of reliability, sustainability, and affordability [11].
Access to reliable power is the cornerstone for scaling the data center industry [12]. With Takanock's innovative power solutions, the industry can look forward to actionable solutions in a complex market, as noted by Jake Erhard [11]. Houlihan Lokey, a global investment bank, served as the exclusive financial advisor to Takanock during this transaction [13].
In conclusion, Takanock's innovative power solutions provide scalable, on-site, flexible power generation that enhances grid flexibility, reduces utility strain, eliminates traditional pipeline limitations, and enables faster data center development in power-constrained markets. Under the leadership of Kenneth Davies, Takanock is poised to revolutionize the data center industry with its unparalleled resiliency, sustainability, and commitment to delivering integrated solutions.
In this partnership between Takanock, ArcLight, and DigitalBridge, technology will be integral to the development and deployment of Takanock's innovative power solutions, as the company employs flexible on-site power solutions that incorporate advanced technologies for scalable, on-demand power generation. The financial commitment from ArcLight and DigitalBridge will further boost Takanock's resources, enabling them to invest in research and development of cutting-edge power technologies in the digital infrastructure sector.
