CalEthos Inc., (“CalEthos” or the “Company”), announced the formation of TerraVolt Infrastructure Inc. (TerraVolt), a subsidiary that was recently established to meet the escalating demand for sustainable, baseload, clean energy solutions for AI infrastructure and large-scale data centers.
TerraVolt’s solution is an innovative Infrastructure-as-a-Service (IaaS) Platform that will integrate behind-the-meter geothermal power plants with pre-permitted, construction-ready data center building sites that include utilities and fiber connectivity. TerraVolt plans to provide this turnkey solution to hyperscalers, colocation providers, and data center developers seeking to deploy new capacity faster and greener than with traditional power generation and transmission.
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With grid-served power becoming less predictable in both cost and availability, the data center industry is seeking alternative power solutions that accelerate deployment timelines while meeting the critical demands for reliability, sustainability, and cost-effectiveness.
CalEthos believes TerraVolt’s IaaS Platform will be a game-changer for the data center industry. With AI, cloud computing, and high-performance computing driving exponential growth in electricity consumption, the demand for sustainable, clean energy-powered infrastructure is critical:
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- The U.S. data center industry currently consumes 4% of all electricity produced and is projected to consume as much as 10% within the next five years.
- Critically, CalEthos estimates that, less than 5% of existing data centers are powered “directly” with clean energy.
- Hyperscale, colocation providers, and data center developers are looking beyond traditional generation and transmission to solutions that offer better time-to-power and cleaner energy that helps them deliver capacity faster and achieve their carbon-neutral goals.
TerraVolt is actively evaluating sites in states with known geothermal resources that can be integrated with timely power plant construction, behind-the-meter power delivery, and large-scale data center developments.
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Source – GlobeNewswire
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