Firmus Technologies’ data center strategy leans into clean energy hubs and campuses across Australia. A vision where renewable energy is a building block, and not an afterthought.
AI requires abundant power to mobilize the global economic model. But there’s already substantial strain put on power grids across the US, where data centers are the most prominent.
The global electricity demand to run these data centers could take a turn for the worse. Glitches, surging utilities bills, and short circuits- are only the beginning. And this growing tension will only skyrocket if there’s no antidote decided on.
AI data centers are multiplying at (not so)suprising speed. Tech companies and investors are investing billions into this infrastructure- they want numbers and power to back up AI at all costs.
How else will they keep on powering their AI models? And introduce at least one new model every other week? The power must come from somewhere else- this is the conclusion that the market has come to.
Remember, Google recently announced its moonshot project- Project Catcher? Space-based AI data centers that run on solar power-driven satellites. The Sun’s clean, limitless energy.
Firmus Technologies is taking a step in this direction: leveraging renewable energy to fuel the next phase of AI computing. In the recent funding round, it has accumulated over $327 million to back this project.
The money raised sent the NVIDIA-backed company’s market valuation to $600 million. And for the business, it’s a significant realization of their potential and faith in their vision- high-performance computing delivered through sustainable power. That this can work in the long-term, and generate the same results as the current data centers do.
This capital will be dedicated to site development, long-term energy sourcing, and infrastructure building across Tasmania, Perth, and Sydney. And the deliverables? 1.6 gigawatts worth of AI infrastructure by 2028.
It’s a win-win situation. If the project comes to fruition, and one of this scale, it would skyrocket Firmus’ reputation to being one of Australia’s leading data-center developers.
