Denver-Based Tract to Invest $100 Billion in Storey County for Massive Data Center Development
Tract, a Denver-based company specializing in data center infrastructure, announced a staggering $100 billion investment in Storey County, Nevada, over the next decade. This ambitious project will transform the region into a major data storage hub.
Grant van Rooyen, CEO of Tract, revealed the plans on Nevada Newsmakers. The company has already secured vast resources for the project, including thousands of acres of land and over 2 gigawatts of electricity – enough to power nearly a million homes for a year.
"This development will have a total value of approximately $100 billion," van Rooyen emphasized. "It's a massive undertaking that will create a significant number of high-paying jobs during construction."
Storey County's Favorable Environment for Data Center Development
Several factors made Storey County the ideal location for Tract's project.
- Strategic Location: Proximity to fiber optic networks along Interstate 80 and major consumer bases were key considerations.
- Abundant Power: Access to reliable and affordable electricity is crucial for data centers.
- Skilled Workforce: The presence of a qualified workforce for development, construction, and operation was another advantage.
- Business-Friendly Environment: Storey County's supportive political and economic climate, along with its efficient permitting process, were highly attractive to Tract.
Tract's Role in Streamlining Data Center Development
Van Rooyen explained that Tract's expertise lies in preparing data center sites, allowing companies to set up operations quickly. Their services include:
- Land acquisition
- Electricity procurement
- Utility infrastructure development
- Road construction
- Water and sewer system extension
- Water rights acquisition
- Site preparation
This comprehensive approach minimizes the burden on data storage companies, enabling them to focus on core business activities.
Sustainable Data Center Development
While the project will significantly increase energy consumption in Northern Nevada, Tract is committed to sustainable practices.
"Our industry is dedicated to achieving net-zero carbon emissions," van Rooyen said. "We recognize the importance of renewable energy sources in the long term."
However, he acknowledged the complexities of integrating renewables into data center operations due to their reliance on constant power. Tract will leverage a strategic energy mix to ensure reliable and sustainable power supplies.
Water Availability Secured for Initial Phase
Water scarcity has historically challenged development in Northern Nevada. However, Tract has secured sufficient water rights for the project's initial phase, with additional reserves for future needs.
This investment by Tract promises to transform Storey County into a hub for data storage, bringing significant economic benefits and job creation to the region.