Australia: Rest Super invests in Quinbrook data center

Australian superannuation fund Rest Super announced this week that it is investing  $656 million in a data center and battery storage project from Quinbrook Infrastructure Partners in Brisbane. This investment will expose it to several assets, including solar and battery projects, green data storage centers, and Quinbrook’s Supernode data campus in Brisbane.

Rest CIO Andrew Lill said, “In a world increasingly reliant on data, and through the global growth in cloud-based technologies and AI, data centers have become big business, and demand for this critical infrastructure is expected to accelerate. Repositories for the storage, management, and dissemination of data require significant investments and huge amounts of energy.”

Quinbrook’s other data center venture is Rowan Digital in the US. The company is already developing a 500MW campus in Temple, Texas, and another four-building campus in Oregon. It also aims to build a 750,000-square-foot (69,680 sqm) data center in the planned Quantum Loophole campus in Maryland.