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CalEthos, Inc. (OTCQB: GEDC), a developer of sustainable data center solutions committed to leveraging clean energy resources to power its facilities and support the growing demand for digital infrastructure, announced on July 24, 2024, the acquisition of 315 acres of land in Lithium Valley's soon-to-be-approved "Manufacturing Zone," where it plans to develop a large-scale, clean energy-powered data center campus. Located in Imperial County, California, Lithium Valley is a planned 51,000-acre development area focused on lithium extraction and renewable energy production, positioning itself as a major hub for clean energy innovation and economic growth.
This newly acquired property offers several advantages over CalEthos’ previous site, including a larger, industrial-zoned area with the necessary infrastructure to support future data center buildings, a switchyard, and a substation. Its location provides better connectivity to high-voltage transmission lines and is closer to both existing and planned geothermal power plants, key to CalEthos’ clean energy initiatives.
The first phase of the development will cover 100 acres, featuring a 420-megawatt (MW) campus with up to 1,000,000 square feet of build-to-suit data centers designed for AI, Cloud, and Hyperscale customers. According to Joel Stone, President and Chief Operating Officer of CalEthos, the property has the potential to expand to 3 to 4 million square feet as more renewable energy resources become available in the region.
Luis A. Plancarte, Chairman of the Imperial County Board of Supervisors, expressed strong support for the project, highlighting its alignment with the broader vision for Lithium Valley. The data center’s energy needs will drive the expansion of local geothermal power production and stimulate economic growth in the area.
Sean Wilcock, Vice President of the Imperial Valley Economic Development Corp. (IVEDC), emphasized the project's significance, noting that it will create jobs, stimulate the local economy, and contribute to the long-term vision for Lithium Valley as a hub for the green data center industry.
Source:globenewswire.com
