Prime Data Centers

Prime Data Centers is an international developer and operator of wholesale and hyperscale data centers for large enterprises, cloud providers, and AI-driven organizations. The company was founded in 2017 by Nicholas Laag, who currently serves as CEO. Laag, who has over 15 years of experience in private equity and executive operations, started the company from scratch with two partners he had worked with in real estate for 14 years. The company's first project was in Sacramento, California.

Prime Data Centers' business model focuses on a "Partnership-as-a-Service" strategy, offering flexible solutions that range from build-to-suit data centers, powered shells, and turnkey services to joint ventures and sale-leaseback options. This allows clients to co-create capital and real estate strategies that fit their specific needs. The company serves clients with multitenant or build-to-suit data centers designed for scalability and efficiency. Its build-to-suit approach is its most common, constructing facilities to customers' exact specifications, whether it's a 5MW wholesale site or a 75MW+ hyperscale facility. Prime also offers modular data center solutions for rapid deployment.

The company has a significant focus on sustainability, committing to matching 100% of its data center electricity consumption with renewable sources by 2030. Its data center design standard utilizes a closed-loop mechanical system that consumes less than 1% of the water used by traditional cooling systems. Prime is also transitioning to using hydrotreated vegetable oil (HVO) for its backup generators to reduce carbon emissions. In 2024, the company achieved ISO 27001, SOC 2, and PCI-DSS certifications, demonstrating a strong approach to information security.

Prime Data Centers has secured significant financial backing to fuel its growth. In 2021, it partnered with Macquarie Capital to fund its expansion, with a targeted capital investment of over $5 billion over the next 10 years. Other strategic investors include Ares Management, Nuveen, Snowhawk, and Digital Realty. The company is headquartered in Dallas, Texas, and has a growing presence across North America and Europe.

Keywords: hyperscale data centers, wholesale data centers, build-to-suit data centers, data center operator, mission-critical solutions, powered shell data centers, sustainable data centers, closed-loop cooling, Partnership-as-a-Service, data center real estate, digital infrastructure, colocation, modular data centers, renewable energy data centers, water usage effectiveness, Nicholas Laag, Macquarie Capital, data center development, enterprise data solutions