IP3 and Green Energy Partners form JV for development in Surry, Virginia
Aug 15, 2023 | Posted by MadalineDunn
IP3 and Green Energy Partners have announced that they have formed a joint venture to work on the Surry Green Energy Center (SGEC) in Surry County, Virginia. Together, the two are planning to develop between 20 and 30 green data centers, on 641 acres in Surry County. The project includes a fleet of four to six small modular reactors to generate hydrogen fuel and provide backup power to Virginia's grid.
The Surry Green Energy Center (SGEC) is pegged bring over 3,000 jobs to the county.
Speaking about the need for such a development, the company noted that Virginia's data centres process over 70% of the world's internet data, with data storage and handling growing "exponentially." Further, it noted that data centers also consume about 25% of Virginia's energy, powered by carbon-based fuels.
Michael Hewitt, co-founder and CEO of IP3, said: "The Commonwealth of Virginia has developed a purposeful plan for their energy future. They are ready to harness the smart energy transition to create jobs for Americans and set an example for developing clean industrial zones.
"Infrastructure investment needs to be radically reoriented"
Adding: "The combined expertise of GEP and IP3 will access private capital markets to help Virginia's energy sector become a model for an era of American energy sovereignty."
"For nearly fifty years, we have delivered positive growth for Virginia. Today, we see a clear path to clean power that reinforces America's national security and supports a carbon-free future. GEP and IP3 offer a powerful partnership to pioneer an America-first solution for low-carbon energy security," Mark Andrews, CEO of GEP commented.
The Surry Green Energy Center (SGEC) is pegged bring over 3,000 jobs to the county.
Speaking about the need for such a development, the company noted that Virginia's data centres process over 70% of the world's internet data, with data storage and handling growing "exponentially." Further, it noted that data centers also consume about 25% of Virginia's energy, powered by carbon-based fuels.
Michael Hewitt, co-founder and CEO of IP3, said: "The Commonwealth of Virginia has developed a purposeful plan for their energy future. They are ready to harness the smart energy transition to create jobs for Americans and set an example for developing clean industrial zones.
"Infrastructure investment needs to be radically reoriented"
Adding: "The combined expertise of GEP and IP3 will access private capital markets to help Virginia's energy sector become a model for an era of American energy sovereignty."
"For nearly fifty years, we have delivered positive growth for Virginia. Today, we see a clear path to clean power that reinforces America's national security and supports a carbon-free future. GEP and IP3 offer a powerful partnership to pioneer an America-first solution for low-carbon energy security," Mark Andrews, CEO of GEP commented.