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Brookfield and Drax plan up to 1 GW AI data center at Drax Power Station

Brookfield and energy firm Drax Group announced an agreement to build a large artificial‑intelligence data centre on the Drax Power Station estate in North Yorkshire. The project will start with up to 100 MW of capacity, slated for the first quarter of 2028, and add another 500 MW between 2028 and 2031. Brookfield later aims to secure more than 1 GW at the site, though no date is set.

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Key points

  • Brookfield and Drax signed an agreement to develop an AI data centre at Drax Power Station
  • Phase 1 targets up to 100 MW by Q1 2028, then 500 MW by 2031, aiming for >1 GW later
  • Brookfield estimates total spend could exceed £20 billion ($26.8 billion), with £2.5 billion initial investment

Brookfield estimates total investment could exceed £20 billion (about $26.8 billion), with an initial £2.5 billion committed for phase 1. Drax’s London‑listed shares rose 8.2% in early trading following the announcement.

Full story from CNBC Technology · by Kai Nicol-SchwarzOpen source ↗

Brookfield targets $27 billion AI data center at power station. Energy firm Drax surges 8%

CNBC Technology · 3 November 2026

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This text was published by CNBC Technology and written by Kai Nicol-Schwarz. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗

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The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.

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