Issue #25
7 October 2026
Editor's Note
Google’s agreements with Constellation for approximately 3.6GW of power in PJM and Denmark’s decision to put most large data centers at the back of the grid connection queue highlight how power access is shaping development prospects. Google’s package includes a 20-year nuclear agreement supporting $4.3 billion in upgrades, while Denmark’s new priorities make connection timing less certain for developers.
Capital raising is also prominent, with DayOne filing for a US IPO to support development and Firmus pricing a planned A$7.1 billion listing in Australia. Alongside tighter US oversight of grid costs, water use and land use, these developments put a premium on teams that can coordinate financing, utility agreements and approvals before committing to construction schedules.
North America
- Google signs 3.6GW deal with Constellation to secure power in PJM service area
Google signed agreements with Constellation for approximately 3.6GW of power in the PJM service area, including a 20-year nuclear agreement supporting $4.3 billion in upgrades across 11 units in Illinois, New Jersey and Pennsylvania. Constellation says the nuclear agreement will preserve 4,400 existing jobs and create 7,200 jobs during the build-out, expanding workforce requirements for power infrastructure serving major data center markets.
- From Coal to Compute: How Pennsylvania Is Rebuilding Power for AI Data Centers
Aligned Data Centers broke ground on a planned 2-GW campus with onsite natural-gas fuel cells in western Pennsylvania, while Homer City is developing up to 4.4 GW of natural-gas generation alongside a proposed AWS campus at another former coal site. These developments point to demand for teams spanning power generation, data center construction and campus operations, with Aligned estimating approximately 3,000 construction jobs and 640 ongoing full-time roles.
- Beyond the Megawatt: Why Data Center Site Selection Is Now a Three-Front Battle
US state regulators tightened data center oversight in September 2026, expanding development requirements around grid upgrade costs, water reporting and local land-use accountability beyond securing power capacity. Hiring leaders need development teams with utility contracting, water planning, regulatory compliance and community engagement expertise to assess sites and navigate approvals.
EMEA
- Danish Parliament adopts "emergency plan" for electricity grid, puts data centers at the back of queue
Denmark adopted a grid connection priority system taking effect on October 12, 2026, placing most large data centers in the lowest-priority category while allowing exceptions for critical societal functions. Hiring leaders in Denmark's data center market may need to adjust construction and operations recruitment timelines as grid access becomes less certain.
- Intro Group to invest $270m in Egypt’s Kemet Data Center
- Applied Digital to develop 1GW data center campus in Finland
APAC
- DayOne Data Centers Files for US IPO After H1 Revenue More Than Triples to $512M
Singapore-based DayOne Data Centers filed for a US IPO after first-half revenue more than tripled to $512 million, with proceeds intended to support data centre development and construction. Its expansion across Asia Pacific and Europe puts a focus on construction delivery, operations and finance leadership as it targets completion of substantially all existing customer commitments by the end of 2028.
- Firmus Prices $4.9B IPO in Australia's 2nd Largest Listing and More APAC Real Estate Headlines
Australian data centre operator Firmus priced a planned A$7.1 billion ($4.9 billion) IPO at A$11 per share, which would make it Australia's second-largest listing. The planned move to public ownership puts greater emphasis on finance, governance and reporting capabilities alongside data centre delivery and operations leadership, although no hiring plans were disclosed.
- Tencent signs on for 100,000 GPUs via Oracle - report
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