CoreWeave is expanding its data center footprint in New Jersey. According to local press, the company has signed a long-term lease with an Onyx Equities and Machine Investment Group partnership for the entirety of building 11 at The Northeast Science & Technology Center (NEST) in Kenilworth, Union County.
“We are incredibly excited to open a next-generation data center in CoreWeave’s home state of New Jersey,” said CoreWeave CEO and co-founder Michael Intrator. “Governor Phil Murphy’s efforts have helped spur the creation of an AI ecosystem in the State, and CoreWeave’s announcement today underscores that New Jersey is open for AI business.”
“This partnership positions the NEST campus as a major hub for data processing, AI and biopharma innovation,” said John Saraceno, a co-founder and managing principal of Onyx Equities. “CoreWeave will be a key cornerstone of NEST, as life science and biotechnology tenants at the campus will benefit from CoreWeave’s advanced cloud infrastructure to support their AI-driven projects and boost research and development capabilities.”
“PSE&G is committed to providing safe, affordable, and reliable energy to all of our customers, no matter their location or their energy requirements,” Ralph LaRossa, chair, president, and CEO of PSEG, PSE&G’s parent company, said. “This project is a good example of the work that Governor Murphy and the New Jersey Economic Development Authority are doing to foster a new wave of economic development for our state. We are excited to welcome and partner with Onyx and CoreWeave on this project.”
