Drax Partners With Brookfield and Radiant on Major UK AI Data Centre
By EC Assets · Published
British power generator Drax Group agreed to a partnership with asset manager Brookfield and artificial intelligence platform Radiant. The agreement focuses on the development of an artificial intelligence data centre at a power station site in England. Drax shares surged following the announcement on Tuesday. Brookfield plans to construct a data centre with a capacity exceeding one gigawatt at the site. The asset manager estimated that the potential investment for the project could exceed £20 billion, representing approximately $26.8 billion. Radiant operates as a vertically integrated artificial intelligence infrastructure company. Brookfield launched the platform through a corporate merger with Ori Industries. The new partnership brings Radiant and Brookfield together with Drax to deploy infrastructure directly alongside power generation capacity. Market trading reflected strong demand for the companies involved in the transaction. Shares of Drax jumped 8.84 percent after the deal was revealed. Brookfield equity also advanced, rising 5.55 percent. This article is intended for informational purposes only. It does not constitute investment advice.
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