The Hammond-based Digital Crossroad data center has landed a $28 million investment, which will allow operators to expand.
Energy Solutions Group, a sustainable energy investment and development firm from Pennsylvania, has invested with United Leasing and Finance to fund the continued expansion of the Digital Crossroad campus. Digital Crossroad commissioned the first phase of the 100MW campus in October and will use the funds to address growing customer demand.
“The Digital Crossroad data center is a perfect example of what Energy Solutions Group hopes to accomplish across the country,” said Bryan Rishforth, executive chairman of Energy Solutions Group. “There are so many heavily industrialized areas of the country that are primed for this type of transformative repurposing, resulting in a revived local economy and improved environmental conditions.”
The first phase of the Digital Crossroad site features a 105,000-square-foot space and 6MW of capacity. The facility was built on the former State Line Generating Plant site.
“Leasing activity at the Hammond campus has exceeded our expectations,” said Thomas Dakich, managing member with Digital Crossroad. “We are excited to work with Energy Solutions Group and United Leasing and Financing to continue building out this massive data center campus using renewable energy sources.”
The data center industry has been rapidly growing as people consume more data on mobile devices as well as a growing number of professionals working remotely requiring access to employer networks. According to research firm Research and Markets, it is estimated the data center industry will grow 2% annually through 2025, reaching a market size of $69 billion by 2024.