5C Group says it plans to quadruple power at its Memphis data center with fuel cell technology
Artificial intelligence infrastructure provider 5C Data Centers, part of 5C Group, bought the Fred’s Inc. corporate headquarters in Memphis with plans to turn it into a data center. (Courtesy 5C Group)
5C Group’s filing of a $575 million permit recently will enable the company to quadruple the power of its Memphis data center over the next six months, officials said.
The Canada-based company filed the permit Oct. 6 to update the existing facility, which will increase power from 20 kWh to 84 kWh — all without pulling from the MLGW grid, said 5C Group Chief Revenue Officer Brad Nimri.
“So the more power that you have to sell or lease, the more revenue it is,” Nimri said. “So if we get 10 more megawatts of capacity of power, then we can sell 10 megawatts more worth of revenue.”
This is an excerpt of this story. To read more, please click here and subscribe.
Topics
5C Group Brad Nimri Olymbec USA Nathalie Bergeron Subscriber Only Data centerThank you for reading The Daily Memphian. Your support is critical.
Did you know we are a 501(c)3 nonprofit news organization? We rely on a mix of revenue from subscriptions (50%), advertising, events and other earned income (25%) and fundraising (25%).
Please consider making a fully tax-deductible donation or other contribution to The Daily Memphian today.
👉🏽 Your subscription pays for you to read all our journalism.
👉🏽 Your donation powers the work we do to reach everyone else with the news.
We believe an informed Memphis is a better Memphis. If you agree, join our growing list of donors now.
Noah McLane
Noah McLane reports on business for The Daily Memphian. He was born and raised in Tennessee and attended journalism school at Middle Tennessee State University, where his passion for community-focused storytelling blossomed.
Prior to writing for the business section, Noah was the editor-in-chief of his college newspaper, worked on general assignment for the Jackson Hole News & Guide in Jackson, Wyoming, and was most recently the statehouse reporter for The Daily Memphian.
Comments
Want to comment on our stories? If you’re a subscriber, scroll down to the comments. If you’re not a subscriber, only paid subscribers can add their thoughts, so subscribe now. Our commenting policy can be viewed here.