Deals Counterparts

Raeden proposes 100MW data center in Gibraltar, Michigan

Development Data Center announced Gibraltar, United States Mar 10, 2026
100 MW
Capacity
development
Stage

Raeden proposes a $750 million, 100MW hyperscale data center in Gibraltar, Michigan, addressing critical compute capacity needs. The facility will leverage Michigan's competitive energy costs and.

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Deal Analysis

Raeden's proposed 100MW hyperscale data center in Gibraltar, Michigan, represents a notable geographic diversification for the London-based specialist infrastructure investment firm, extending its focus beyond Europe. This $750 million estimated project investment targets critical compute capacity needs within the United States, leveraging Michigan's competitive energy costs. The development stage project, announced on 2026-03-10, positions Raeden to capitalize on robust demand for digital infrastructure in North America. This move into Gibraltar, Michigan, offers Raeden a strategic entry point into the US market, potentially establishing a new regional hub for its digital assets portfolio. Founded in 2023, Raeden typically concentrates on digital infrastructure and energy transition assets across Europe, making this Gibraltar, Michigan development a significant cross-continental venture. The firm's founders bring over 60 years of combined experience, which Raeden now deploys in the US market. Detroit-based DTE Energy, a diversified utility serving millions of customers across Michigan, stands as the probable energy supplier for the 100MW facility. DTE's established electric and natural gas utility operations in Michigan provide a stable, cost-effective power source, benefiting the proposed data center development. This project underscores the ongoing expansion of hyperscale data centers into US regions offering favorable utility economics.
  • Raeden, a London-based firm founded in 2023, proposes a 100MW data center.
  • The project is located in Gibraltar, Michigan, outside Raeden's stated European focus.
  • The estimated project investment for the facility is $750 million.
  • DTE Energy, serving millions of customers in Michigan, is the likely energy supplier.
  • Raeden's founders bring over 60 years of combined experience.
  • The development was announced on 2026-03-10.

Source Intelligence

KEY DETAILS

The City of Gibraltar, Michigan, voted on Monday to impose a one-year moratorium on data centers, effective March 12, 2026, which applies to Raeden's proposal. Raeden committed to paying for “100 percent of all energy infrastructure and other costs related to obtaining power, refurbishing the building, remediating all the existing conditions, and making the facility ready for data center use.” The facility would use between 200 and 500 gallons of water per day. Anti-data center opposition in the city has been intense. Michigan is also considering a state-wide data center moratorium (House Bill 5594) until April 1, 2027. Quotes: "Raeden's data center proposal comes to a halt March 12, 2026" ; "The City of Gibraltar, located south of Detroit, Michigan, voted on Monday to impose a one-year moratorium on data centers" ; "Raeden also said in a slide deck that its facility would use between 200 and 500 gallons of water per day, and that it would pay for “100 percent of all energy infrastructure and other costs related to obtaining power, refurbishing the building, remediating all the existing conditions, and making the facility ready for data center use.”" ; "But anti-data center opposition in the city has been intense." ; "Michigan is one of the several US states currently considering whether to implement a state-wide data center moratorium, and House Bill 5594 – which would “prohibit certain authorizations for a data center” beginning from the effective date of the act and until April 1, 2027 – is currently in committee."

Capacity
Raeden proposed the construction of a 100MW data center
Location
Raeden proposed the construction of a 100MW data center at 27800 W. Jefferson, the location of a former steel plant owned and operated by McLouth Steel.
PPA Details
It said that it would get its power from energy company DTE, which confirmed to the City of Gibraltar that its system would have capacity for the data center’s demand.
PARTIES MENTIONED IN SOURCE
R
Raeden developer

"proposal put forth by data center firm Raeden. Raeden proposed the construction of a 100MW data center"

D
DTE supplier

"It said that it would get its power from energy company DTE"

M
McLouth Steel site_owner

"former steel plant owned and operated by McLouth Steel"

high quality Enriched Mar 12, 2026

Timeline

Announced
Mar 10, 2026
Signed
Closed

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