VoltaGrid to supply 2,300 MW of power to Oracle data centers

VoltaGrid's agreement to supply 2,300 MW of ultra-low-emissions power to Oracle Cloud Infrastructure (OCI) represents a significant commitment to supporting the energy-intensive demands of next-generation AI data centers. The infrastructure, fueled by Energy Transfer's pipeline network, underscores a growing trend towards leveraging existing energy infrastructure for data center power, while also emphasizing a focus on lower-emission solutions. This deal highlights the increasing convergence of the energy and technology sectors, as data centers become major consumers of power and seek reliable and sustainable energy sources to meet their operational needs. The size of the power supply (2,300 MW) is notable, indicating the scale of Oracle's AI ambitions and the substantial energy requirements of these advanced computing facilities. VoltaGrid's role as a specialized power solutions provider, coupled with Energy Transfer's established pipeline network, positions the deal as a strategic collaboration between key players in the energy infrastructure landscape. The involvement of Oracle, a major cloud services provider, further emphasizes the deal's importance in the context of the expanding cloud computing and AI markets. Sidley Austin LLP's advisory role suggests a complex transaction requiring specialized legal expertise.