Ann: S7 Development - 550MW, page-15

NextDC CEO Craig Scroggie said it was “impossible to imagine how we would continue to innovate and drive the nation’s economy” without data centres.

“As AI marks the next big technology shift, there will be an ever-increasing demand for data centres and in turn a greater focus on energy efficiency to ensure the required processing capacity to deliver the requirements of AI in the most sustainable way possible.”

Elsewhere, Macquarie Technology Group has refinanced its debt facility to $450m – an increase of $260m – to expand its data centre business. Macquarie Technology Group’s co-founder and CEO David Tudehope said the refinancing was a “significant milestone” following its acquisition of the Macquarie Park Data Centre Campus and the construction beginning on the 45 megawatt IC3 Super West data centre.

CDC chief executive Greg Boorer said data centres were vital in “securing the progress of our nation”. “From AI and cloud to quantum, classical and super computers powering essential services, research and national security, our nation relies on data centres,” he said.