Amazon to invest US $3.5bn into five new data centres
The global data centre construction market is expected to reach a value of $308.7bn by 2027
Five new data centres will be developed at a cost of US $3.5bn according to Amazon. The firm said that the data centres will be built in New Albany, Ohio in the United States.
Construction is expected to begin in 2025 on the data centres and supported buildings, with handovers expected to be in 2030.
According to Amazon, the investment is just the initial component of a $7.8bn commitment to expand data centers in the state, which was first announced by Ohio Governor Mike DeWine and Lt. Gov. Jon Husted earlier this year.
The Columbus area is said to now have 40 data centers operated by 25 companies, according to a Baxtel study cited in the Columbus Dispatch.
The agreement follows Google’s recent announcement last month of a planned US$1.7 billion expansion of its three data centers in New Albany.
According to the report by Grand View Research, the growth in the data centre market is being driven by the rising demand for data storage and processing capabilities, and the increased use of big data analytics.
