In what may be the largest single investment ever in Lancaster County, artificial intelligence and cloud computing company CoreWeave has announced plans for a massive, $6 billion data center.
While the company hasn’t identified the location of the data center, one of the firms developing the project bought two former printing plants in Lancaster city earlier this year with plans to build data centers.
CoreWeave’s plans were revealed Tuesday during Senator Dave McCormick’s inaugural Pennsylvania Energy and Innovation Summit, where $90 billion in AI and energy investments were announced. CoreWeave stock gained 6% after the announcement.
“This data center will accelerate innovation and drive economic growth across the region,” CoreWeave co-founder, chairman and CEO Michael Intrator said in a statement announcing the plan.
READ: Pennsylvania weighs how to manage power-hungry data centers
The data center would have the capacity to consume 100 megawatts of power, with the potential to expand to 300 MW. One megawatt is likely enough to power 400 to 900 homes for a year.
The project is expected to create 175 full-time jobs and 600 construction jobs.
McCormick said in a statement that he was “thrilled to welcome this transformative investment.”
Ezra Rothman, president of EDC Lancaster County, said CoreWeave’s planned $6 billion investment would likely be the largest ever in the county. Rothman said he’s excited about the potential to boost the area’s profile for tech, generate local tax revenue and provide work for local firms.
“It’s good for Lancaster to be on the map as it relates to higher tech jobs, and the implications and efficiencies we can get from AI, recognizing that whether we like it or not, it is here,” he said.
CoreWeave plans to lease the site, which will be co-developed by Chirisa Technology Parks and Machine Investment Group, which owns the former LSC printing plants.
Machine Investment Group paid a total of $130 Million for the former LSC Communications/R.R. Donnelley printing plants at 216 Greenfield Road and 1375 Harrisburg Pike. The sites have a combined 1.5 million square feet of industrial space, sitting on 144 acres.
Machine and CoreWeave are currently partnering on a 280,000 square-foot data center in New Jersey, while Chirisa has announced plans to develop CoreWeave data centers in multiple states.
CoreWeave and Machine Investment Group did not respond immediately to requests for comment on Tuesday.
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