Intelligent Data Centres Issue 84 | Page 28

I N T E L L I G E N T T E C H N O L O G Y INFRASTRUCTURE

Element Critical launches new data centre platform

Element Critical has announced the launch of a new US data centre platform backed by 26North Partners, Arctos, Mercuria and Safanad, anchored by the acquisition of two enterprise data centre facilities in Houston and Austin.

The platform builds on Element Critical’ s track record as a rapidly expanding enterprise data centre operator, positioned to meet growing demand driven by AI inference, digital workloads and power-constrained markets. Safanad has spent the past decade developing Element Critical into one of the nation’ s leading enterprise data centre providers. With 26North, Mercuria and Arctos, the platform will accelerate acquisitions, development and strategic expansion across top US markets.
“ Through this investment and data centre acquisition strategy, Element Critical will be well-positioned to support the needs of leading clients in technology, financial services, healthcare, energy and Fortune 500 companies,” said Element Critical CEO, Ken Parent.“ These Texas facilities will anchor our expansion into other top US markets.”
“ Digital infrastructure is precisely the kind of opportunity our next-generation alternatives firm was built to pursue,” said 26North Founder, Josh Harris.“ As AI, energy and data converge, we see an opportunity to support platforms with strong fundamentals and durable demand. We pride ourselves on aligning with innovative leaders such as Mercuria, Safanad and Arctos, who each bring complementary strengths and structuring a partnership that traditional models can’ t match.”
The partnership combines 26North’ s thesis-driven alpha creation expertise and disciplined investment approach with Mercuria’ s deep knowledge of energy markets and low-carbon power. It also brings together Safanad’ s decade of operating experience and Arctos’ s well-established track record of providing bespoke capital solutions.
“ The intersection of AI, data and energy is reshaping infrastructure demands. Our investment reflects Mercuria’ s commitment to supporting digital infrastructure with innovative energy solutions,” said Mercuria’ s CIO, Brian Falik.“ We’ re partnering with industry leaders to power Element Critical’ s expansion and help meet the evolving needs of enterprise clients.”
“ We are proud to launch this next phase of Element Critical with partners who share our conviction in digital infrastructure and the evolution driven by AI,” said Safanad Founder and CEO, Kamal Bahamdan.“ Over the past decade, we have built Element Critical into a scaled, resilient platform and this new partnership readies us to grow even more rapidly.”
The partners aim to meet the surging demand from enterprises and the substantial capacity needs of AI inference and other next-generation technologies across financial services, healthcare, energy, technology and other sectors.
“ We are thrilled to join forces with 26North, Mercuria and Safanad to catalyse Element Critical’ s next stage of growth,” said Arctos Partner, Ira Shaw.“ With a customer-centric approach in co-location, Element Critical has firmly established itself within a thriving sector. This partnership marks a significant milestone for Arctos and our Keystone Real Assets strategy, as we invest into the future of digital infrastructure.” �
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