Mar 08, 2025 | Posted by Abdul-Rahman Oladimeji
US data center firm Novva has secured financing for the next phase of its campus outside Salt Lake City, Utah which will allow Novva to complete the second and third phases of construction of its 100-acre data center campus - adding two buildings and 144MW.
“Our Salt Lake City center is the first facility where we were able to fully showcase Novva’s vision for future-proof data center facilities that put sustainability, innovative technology, and client needs first, and we’re proud to continue that legacy with this second and third phase of construction,” said Novva CEO Wes Swenson. “Above and beyond the sustainability and technological sophistication our facilities bring, the Salt Lake City campus offers our clients some of the lowest total cost of ownership in the industry in a strategic location that offers low-cost power, low disaster risk, low latency, dense long-haul fiber, proximity to an international airport, no sales tax on equipment purchases and a high-altitude cold desert climate.”
“This significant financing is further validation of the potential we saw in Novva’s proprietary data center design and its experienced and forward-thinking management team when we invested in the company five years ago,” said Avi Shemesh, co-founder and principal, CIM Group. “As demand for AI and data center capacity grows, we believe Novva continues to be strongly positioned as one of the most innovative and fastest-growing data center companies in the US developing sustainable, highly efficient data centers at low cost.”
