The Independent Power Transmission Operator (IPTO) of Greece and Serverfarm, a global data centre developer and operator, announced today the signing of a Heads of Agreement regarding the formation of Gemini, a joint venture with the objective of developing and operating state-of-the-art, hyperscale-ready data centre facilities in Athens and elsewhere in Greece, on sites owned by IPTO.
This strategic alliance marks a significant milestone in advancing Greece’s digital infrastructure and fostering sustainable growth in the data-driven economy. Gemini will combine the collective expertise and resources of two leading entities in their respective fields. IPTO, as a crucial pillar of the Greek energy sector, plays a pivotal role in managing the country’s electricity grid, ensuring stability, and embracing renewable energy solutions.
Leveraging its extensive experience, IPTO will be providing reliable and sustainable power supply, essential for supporting data centre operations along with strategically located sites with access to power and optical fibre networks, as well as other operational resources. Serverfarm, as an expert in data centre development and operations globally, with a strong track record in commercial real estate ventures, will be bringing unparalleled industry experience and advanced design and operational know-how, ensuring that the joint venture will become a point-of-reference for data centre services in Greece.
Gemini plans to construct and operate hyperscale-ready data centre facilities in the Greater Athens area, leading initially with a campus with committed power of 130MW, creating the foundations for establishing a robust digital ecosystem to meet the escalating demands of cloud service providers, content delivery networks and enterprises.
The data centres will be designed with a focus on energy efficiency, utilising state-of-the-art cooling technologies and renewable energy sources to minimise their environmental impact, creating an unparalleled platform for hyperscale computing in Greece. The joint venture envisions Athens as a prominent digital hub, offering secure, reliable, and low-latency data centre facilities to national and international clients, bolstering Greece’s position in the global data economy.
Avner Papouchado, the Founder and CEO of Serverfarm, says, “As leading tech and hyperscale organisations continue to expand into Greece, we see a great opportunity to leverage our expertise in this region. Our strategic partnership with IPTO, underscores our mission to invest in transformative projects that create long-term value. The Greek data centre market is still one of the most under-served in Europe, but at the same time, its geographical location makes it ideal to serve as a data gateway between continents.
“Our collaboration with IPTO in creating Gemini and our shared commitment to excellence and sustainability will enable us to leverage this immense potential to offer high quality, data centre services in Greece. Our goal is to cater to the growing needs of hyperscale customers in the area and elevate Athens as a major hub for the industry, shaping the digital landscape in the broader region.”
Manos Manousakis, the Chairman and CEO of IPTO, adds, “IPTO is building critical infrastructure for tomorrow’s electricity and telecommunications backbone networks throughout Greece and beyond, interconnecting the future. We are delighted to partner with Serverfarm, through Gemini, to deliver world-class data centre facilities in Greece.
“Serverfarm’s vast experience in developing state-of-the-art data centres, coupled with IPTO’s robust energy infrastructure and its strategic location at the crossroads of continents, will create an unparalleled platform for hyperscale computing in Greece, catering to the escalating demand for digital services in the region. This alliance symbolises a significant milestone for Greece’s digital transformation, which is poised to build the foundation for a flourishing data-driven economy in Greece.
“In this way, we fully exploit synergies and create win-win business opportunities, transforming Greece into a critical energy and data hub of high geopolitical value, at the crossroads of Europe, Africa and Asia.”
The post IPTO and Serverfarm to develop data centres in Greece appeared first on Data Centre & Network News.
The Independent Power Transmission Operator (IPTO) of Greece and Serverfarm, a global data centre developer and operator, announced today the signing of a Heads of Agreement regarding the formation of Gemini, a joint venture with the objective of developing and operating state-of-the-art, hyperscale-ready data centre facilities in Athens and elsewhere in Greece, on sites owned by IPTO.
This strategic alliance marks a significant milestone in advancing Greece’s digital infrastructure and fostering sustainable growth in the data-driven economy. Gemini will combine the collective expertise and resources of two leading entities in their respective fields. IPTO, as a crucial pillar of the Greek energy sector, plays a pivotal role in managing the country’s electricity grid, ensuring stability, and embracing renewable energy solutions.
Leveraging its extensive experience, IPTO will be providing reliable and sustainable power supply, essential for supporting data centre operations along with strategically located sites with access to power and optical fibre networks, as well as other operational resources. Serverfarm, as an expert in data centre development and operations globally, with a strong track record in commercial real estate ventures, will be bringing unparalleled industry experience and advanced design and operational know-how, ensuring that the joint venture will become a point-of-reference for data centre services in Greece.
Gemini plans to construct and operate hyperscale-ready data centre facilities in the Greater Athens area, leading initially with a campus with committed power of 130MW, creating the foundations for establishing a robust digital ecosystem to meet the escalating demands of cloud service providers, content delivery networks and enterprises.
The data centres will be designed with a focus on energy efficiency, utilising state-of-the-art cooling technologies and renewable energy sources to minimise their environmental impact, creating an unparalleled platform for hyperscale computing in Greece. The joint venture envisions Athens as a prominent digital hub, offering secure, reliable, and low-latency data centre facilities to national and international clients, bolstering Greece’s position in the global data economy.
Avner Papouchado, the Founder and CEO of Serverfarm, says, “As leading tech and hyperscale organisations continue to expand into Greece, we see a great opportunity to leverage our expertise in this region. Our strategic partnership with IPTO, underscores our mission to invest in transformative projects that create long-term value. The Greek data centre market is still one of the most under-served in Europe, but at the same time, its geographical location makes it ideal to serve as a data gateway between continents.
“Our collaboration with IPTO in creating Gemini and our shared commitment to excellence and sustainability will enable us to leverage this immense potential to offer high quality, data centre services in Greece. Our goal is to cater to the growing needs of hyperscale customers in the area and elevate Athens as a major hub for the industry, shaping the digital landscape in the broader region.”
Manos Manousakis, the Chairman and CEO of IPTO, adds, “IPTO is building critical infrastructure for tomorrow’s electricity and telecommunications backbone networks throughout Greece and beyond, interconnecting the future. We are delighted to partner with Serverfarm, through Gemini, to deliver world-class data centre facilities in Greece.
“Serverfarm’s vast experience in developing state-of-the-art data centres, coupled with IPTO’s robust energy infrastructure and its strategic location at the crossroads of continents, will create an unparalleled platform for hyperscale computing in Greece, catering to the escalating demand for digital services in the region. This alliance symbolises a significant milestone for Greece’s digital transformation, which is poised to build the foundation for a flourishing data-driven economy in Greece.
“In this way, we fully exploit synergies and create win-win business opportunities, transforming Greece into a critical energy and data hub of high geopolitical value, at the crossroads of Europe, Africa and Asia.”
The post IPTO and Serverfarm to develop data centres in Greece appeared first on Data Centre & Network News.