Latest Data Centre Development News

SKS Technologies has delivered a third consecutive year of record growth, lifting FY26 revenue to $348 million and net profit by 93%, driven by a surge in data centre projects and strategic acquisitions.

Contact Energy (ASX:CEN) posted a 62% jump in FY26 net profit to NZD 423 million, driven by its Manawa acquisition and a near 98% renewable generation mix, while committing to net zero emissions by 2035.

KALiNA Power has strengthened its foothold in Alberta’s booming AI data centre sector, securing a C$18 million load sale to Meta alongside key regulatory reforms that enhance project flexibility and commercial prospects.

1414 Degrees has secured a Heads of Agreement to develop a gigawatt-scale AI data centre precinct powered by renewable energy at its Aurora site in South Australia.

X2M Connect has secured $2 million in a placement to boost its data centre and AI energy management platform, with a fully underwritten $1 million Securities Purchase Plan to follow. The capital raise supports sensor integration, platform enhancements, and battery energy systems aimed at cutting data centre precinct energy costs by up to 20%.

NEXTDC has increased its pro forma contracted utilisation by 73MW to 740MW as of June 30, 2026, reflecting new customer wins and a forward order book now standing at 565MW. Despite this growth, FY26 financial guidance remains steady.

NEXTDC has secured an additional A$500 million in senior debt facilities, lifting its total available senior debt to A$8.7 billion. The upsized debt package supports ongoing data centre expansion and recent contract wins, reflecting strong lender confidence.

Lakes Blue Energy is positioning its Wombat Gas Project as a key contributor to Victoria's energy security and emerging AI infrastructure, with a conceptual study projecting a post-tax NPV10 of A$605 million and first gas in early 2029.

Livium is positioning its Envirostream subsidiary to capitalise on the growing battery recycling needs from Australia's booming AI data centre sector, leveraging its EPA-licensed facilities and national network.

1414 Degrees (ASX:14D) has partnered with European space company Orbit Boy to test its SiNTL silicon-anode battery technology for satellite and rocket applications, aiming to break into the growing space battery market.

Centuria Industrial REIT (ASX: CIP) detailed its strategy to expand data centre assets leveraging its urban infill industrial portfolio, aiming for real estate returns through development and long-term leases.

Encounter Resources inks a non-binding MoU with Echion Technologies and Switch Technologies to develop a lithium-niobium battery industry leveraging its high-grade Aileron niobium resource.