Skip to main content
Capital Infrastructure

TAR raises Series A led by Spark Capital to build off-grid power for AI data centers

TAR raises Series A led by Spark Capital to build off-grid power for AI data centers Image: Primary
TAR, an Austin company building off-grid power systems for AI data centers, announced a Series A round led by Spark Capital, with prior investors Buckley Ventures and Align Fund participating, according to Bloomberg. The company says its self-contained modular systems combine solar, batteries and backup natural gas generators in West Texas and do not connect to the grid. Co-founder Pat Becker told Bloomberg the company is building a project for an undisclosed Texas data center customer that will provide several hundred megawatts, and that gas will be used only for backup or emergencies. TAR says it is also carrying out a utility-scale deployment with one of the largest neoclouds and is finishing a manufacturing and logistics center in West Texas.
Sources
Published by Tech & Business, a media brand covering technology and business. This story was sourced from The Next Web and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Infrastructure
Infrastructure

Humain reported to raise $2.5 billion for Saudi AI data centers

Saudi state-owned AI company Humain is reported to be raising an initial $2.5 billion fund through BSF Capital to finance data-center construction. The article says the debt-and-equity fund would support 250 megawatts of computin...

Infrastructure
Infrastructure

Fab2 reports $500 million Series A for modular chip-fab buildout

Fab2 said it closed a $500 million Series A at a $3.7 billion valuation to expand its effort to build semiconductor-fab equipment in house and assemble smaller fabs from it. The company operates a roughly 120,000-square-foot fab i...

Infrastructure Products
Infrastructure Products

Blackstone's AirTrunk in talks for S$2B loan to fund Singapore REIT listing

AirTrunk, the data center operator owned by Blackstone Inc., is in talks with banks to borrow about S$2 billion (US$1.6 billion) to help finance the public listing of a real estate investment trust backed by its assets, according ...