JERA, Dell and RHAELM sign agreement for Japanese AI data centres

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Published Thursday, October 1, 2026 · 4:25 PM EDT

JERA, Dell and developer RHAELM signed a non-binding agreement on Thursday to build AI data centres in Japan, with Apollo participating as RHAELM's financing partner. The first project, beside JERA's gas-fired power station in Chiba, is planned to draw about 400 megawatts and cost more than $15bn across all phases. The facility would take power directly from the plant rather than wait for a grid connection. JERA supplies land and power, Dell supplies server racks, and RHAELM manages construction. Operations are due to begin around 2028. The partners aim to replicate the model at other JERA sites. The Financial Times estimates the wider push could cost as much as $140bn; JERA has not assigned it a figure.

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