Fleet Data Centers Embarks on Massive Project for "Major Tenant" Off USA Parkway

Fleet Data Centers had a groundbreaking ceremony yesterday with Nevada Governor Joe Lombardo and Storey County leaders for a mega data center project off USA Parkway with media reports about it thin on details, for what has been described as a “major tenant."

The Data Center Map website describes the Fleet Storey County Campus as “a significant hyperscale data center development comprising 230MW of capacity. This project is backed by $4.6 billion in senior secured notes, with additional funding from a prior $3.8 billion note issuance. The campus is situated on a 517-acre site and includes plans for a turnkey data center and an on-site electrical substation. Notably, the facility has secured a 100% lease agreement with an unnamed AA-rated, investment-grade tenant possessing a market capitalization exceeding $3 trillion, under a 16.4-year triple net lease. This development underscores the demand for large-scale, purpose-built digital infrastructure in key growth markets.”

Companies with a market cap above $3 trillion are just a handful, with a report on the datacenterdynamics page indicating this could be for Nvidia.

The about page for Fleet Data Centers indicates it delivers : “Campus Certainty at Mega-Scale

The demand for data center infrastructure requires securing larger and larger quantums of capacity in locations with increasing scarcity and other constraints. Fleet Data Centers provide the predictability and flexibility needed to support and host the workloads and platforms now and into the future.”

These types of projects are triggering concerns over higher utility bills, strains on local power grids and dwindling water supplies.

Google, Switch, Novva and Colovore are some of the other companies with massive data center projects in the Tahoe Reno Industrial Center area.

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