ImpactAlpha, May 15 – Computers, data centers and other assets supporting the world’s growing digital appetite consume 10% of electricity worldwide. Sustainable investment firm Climate Adaptive Infrastructure has earmarked $300 million from its recent fundraise for a strategy to shift the digital economy to net-zero carbon emissions.
CAI is partnering on the effort with DigitalBridge, a digital infrastructure investor looking to green its $69 billion portfolio of cell towers, data centers, fiber networks and other tech assets.
CAI’s first investment is in Switch, a Nevada-based data center operator that uses renewable energy to power its more than five million square feet of facility space.
“We believe our ability to offer 100% green energy compared to our peers provides a unique competitive advantage for Switch,” the company said in its most recent ESG report.
Switch is part-owned by DigitalBridge, which took the company private through an $11 billion acquisition last year.