Nautilus closes $100m data centre deal with Orion Energy Partners
The company provides data centres, using a sustainable water-based cooling process in a bid to improve its environmental performances.
Nautilus Data Technologies has announced the closing of a multi-draw, senior secured debt facility with Orion Energy Partners, L.P. for the commissioning of a 6.0MW colocation data centre located in Stockton, California and construction of additional data centre projects in the Nautilus pipeline.
The Stockton I data centre will commission in Q4 2020, according to the company, using naturally cold water in an open and closed loop system of heat exchangers to cool client environments more efficiently when compared to the conventional HVAC solutions found in air-cooled data centres.
The company’s environmental solution can deliver up to 5.0x more power density per rack with a smaller footprint.
“Orion Energy is providing Nautilus with flexible capital to complete the commissioning of our Stockton I data centre, strategically located in Northern California at the Port of Stockton,” said Nautilus CEO James L. Connaughton.
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“This capital will allow Nautilus to showcase and then rapidly expand our transformative approach to meeting the urgent business and community demand for higher performing and more sustainable data centre solutions.”
Based in Pleasanton, California, using its patented TRUE (“Total Resource Usage Effectiveness”) cooling system, Nautilus integrates proven maritime and industrial cooling technologies with data centre infrastructure to increase the energy efficiency of its operations.
“Nautilus is well-positioned to set the standard for providing sustainable and reliable data centre services to its customers, who have selected Nautilus for its significant commercial and environmental benefits,” said Gerrit Nicholas, Managing Partner at Orion Energy.
“Orion Energy is eager to partner with the Nautilus team and its existing shareholders to accelerate the deployment of additional environmentally innovative data centres in this high growth sector.”
Wilson Sonsini Goodrich & Rosati acted as legal counsel to Nautilus and Marathon Capital, LLC acted as sole financial advisor to Nautilus.
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