TAKANOCK SECURES $500 MILLION COMMITMENT FROM ARCLIGHT AND DIGITALBRIDGE

Rhea-AI Summary

Takanock has secured a $500 million investment from ArcLight and DigitalBridge (NYSE:DBRG) to accelerate its data center power infrastructure solutions. Founded in 2023 by former Google Energy founder Kenneth Davies, Takanock addresses critical power shortages in core data center markets.

The company provides flexible on-site power solutions that serve as prime power until substation completion and later as wholesale grid resources. Takanock has already established a strategic portfolio across the U.S. and is executing power deployment projects in Northern Virginia and Phoenix. The solution enhances grid capabilities for renewable energy integration while using advanced emission control technologies and closed-loop cooling systems.

Positive

• Secured substantial $500 million capital commitment from established infrastructure investors
• Strategic presence in key Tier I data center markets with ongoing projects in Northern Virginia and Phoenix
• Led by experienced executive Kenneth Davies, former Google Energy founder
• Solution eliminates need for local utilities to build new offsite generation
• Technology enables greater integration of renewable energy sources

Negative

• Company is relatively new, founded in 2023
• Operating in markets with significant power constraints and infrastructure challenges
• Faces complex regulatory and utility market environments

Investment in data center power infrastructure solutions provider will accelerate innovative solutions for powering data centers in constrained markets.

TRAVERSE CITY, Mich. and BOSTON and BOCA RATON, Fla., June 25, 2025 /PRNewswire/ -- Takanock, LLC, a provider of innovative digital and power infrastructure solutions, announced today new capital commitments totaling $500 million from ArcLight and DigitalBridge, two leading investors focused on digital infrastructure and electrification infrastructure, respectively.

Takanock was formed in 2023 to address the power shortage limiting the development of data center sites in core markets. The company spent its inaugural year engineering a scalable, integrated approach to solving critical energy constraints faced by data centers.

Led by Kenneth Davies, founder of Google Energy and later head of Microsoft's renewable strategy globally, Takanock leverages extensive experience in both energy and digital infrastructure. This expertise bridges the gap between the two sectors, delivering innovative solutions to meet the increasingly critical power challenges faced by today's data-infrastructure sector.

"To meet the increasingly compute-intensive needs of hyperscalers and large-scale data center operators, it's essential to combine expertise from both the energy and digital sectors," said Kenneth Davies, founder and CEO, Takanock. "What makes this partnership so significant is our ability to deliver integrated solutions, accelerating time to power for new data center deployment while strengthening grid reserve margins and flexibility. ArcLight and DigitalBridge bring tangible operational capabilities and industry connectivity that will help us operationalize digital power solutions in premier Tier I data center markets where existing constraints are most acute."

Takanock accelerates time to power by providing flexible on-site power solutions capable of serving as prime power until the completion of a substation and a wholesale grid resource thereafter. In doing so, Takanock eliminates the need for local utilities to build new offsite generation, reducing their burden and preventing the shifting of costs to existing utility customers—a challenge that has hindered industry growth. Unlike other generation solutions available in the market, Takanock sidesteps pipeline capacity constraints and the need for firm pipeline contracts, all while offering unparalleled resiliency during disruptions.

"Access to reliable power is the cornerstone for scaling the data center industry," said Jon Mauck, Senior Managing Director and Head of Data Centers at DigitalBridge. "The Takanock team has a demonstrated ability to deliver innovative commercial structures that bridge the gap between the power and data infrastructure sectors, enabling scalable, long-term solutions for both power and land development."

Takanock's focus on sustainability is central to its business model. Takanock's highly dispatchable power solution enhances the wherewithal of the grid to support greater integration of renewable energy sources and provides data center customers flexibility to procure their own energy resources.  The company also uses best available emission control technologies and closed-loop cooling systems, which minimize environmental impact and ensure minimal demand on local water resources.

"As the cost and availability of grid-served power grows increasingly uncertain, the data center industry needs new power-infrastructure solutions tailored to accelerate time to power and to deliver on the prerogatives of reliability, sustainability, and affordability," said Jake Erhard, Partner at ArcLight. "In a complex market that needs actionable solutions, we see Takanock's team and strategy as compelling and differentiated."

Since the beginning of 2024, Takanock has assembled a strategic portfolio of sites across the U.S. The company is currently in the process of executing digital power deployment under long-term contracts at late-stage projects in Northern Virginia and Phoenix.

Houlihan Lokey, a global investment bank with expertise in capital solutions, served as exclusive financial advisor to Takanock during this transaction.

ABOUT TAKANOCK, LLC
Takanock is a leading provider of integrated power solutions for the digital infrastructure sector. Founded in 2023, the company is focused on addressing the critical energy constraints faced by data centers in Tier I and II markets. By leveraging innovative co-located generation, Takanock enhances grid stability, accelerates data center deployment, and supports the integration of renewable energy into the grid. The company's turn-key solutions are designed to reduce reliance on traditional grid infrastructure, while simultaneously improving energy efficiency and minimizing environmental impact. Takanock's experienced team combines deep expertise in renewable energy and digital infrastructure to deliver scalable, flexible solutions that help operators meet the growing demand for digital infrastructure in a sustainable way. For more information: www.takanock.com.

ABOUT ARCLIGHT
ArcLight is a leading infrastructure investor which has been investing in critical electrification infrastructure since its founding in 2001. ArcLight has owned, controlled or operated over ~65 GW of assets and 47,000 miles of electric and gas transmission and storage infrastructure representing $80 billion of enterprise value. ArcLight has a long and proven track record of value-added investing across its core investment sectors including power, hydro, solar, wind, battery storage, electric transmission and natural gas transmission and storage infrastructure to support the growing need for power, reliability, security, and sustainability. ArcLight's team employs an operationally intensive investment approach that benefits from its dedicated in-house strategic, technical, operational, and commercial specialists, as well as the firm's ~2,000-person asset management partner. For more information, please visit www.arclight.com. References to "ArcLight" herein refers to ArcLight Capital Partners, LLC and/or its managed investment vehicles, as the context requires.

ABOUT DIGITALBRIDGE
DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of over 30 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages approximately $100 billion of infrastructure assets on behalf of its limited partners and shareholders. For more information, visit: www.digitalbridge.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/takanock-secures-500-million-commitment-from-arclight-and-digitalbridge-302490366.html

SOURCE Takanock

FAQ

What is the size of DigitalBridge's investment in Takanock?

Together with ArcLight, DigitalBridge has committed $500 million to Takanock for data center power infrastructure solutions.

Who is the CEO of Takanock and what is his background?

Kenneth Davies is the founder and CEO of Takanock. He previously founded Google Energy and led Microsoft's renewable strategy globally.

Where is Takanock currently deploying its power infrastructure solutions?

Takanock is executing digital power deployment under long-term contracts in Northern Virginia and Phoenix.

How does Takanock's power solution benefit data centers?

Takanock provides flexible on-site power solutions that serve as prime power until substation completion, accelerating time to power for new data centers while enhancing grid reserve margins and flexibility.

What environmental features does Takanock's solution include?

Takanock uses best available emission control technologies and closed-loop cooling systems, minimizing environmental impact and reducing demand on local water resources.