PowerBank and Nodiac Development have entered into a joint development agreement (JDA) to develop modular data centres across PowerBank’s energy sites in North America.
The two companies aim to build the data centres at locations where PowerBank already owns power generation and has land and permit approvals in place.
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Nodiac specialises in deploying 1 to 20MW modular data centre units, which can be scaled and located at distribution-level interconnection points.
This method allows projects to bypass the long transmission and interconnection queues that traditional large-scale data centre builds often face.
The agreement follows a previous letter of intent announced in April, through which the companies outlined plans to use PowerBank’s portfolio of solar and battery energy storage system (BESS) sites for distributed AI compute infrastructure.
The new accord sets out a development framework for both site selection and joint operation, as well as procedures for distributing cash flow from these projects.
PowerBank CEO Dr Richard Lu said: “The execution of this joint development agreement marks an important step forward in our work with Nodiac. We are moving from a shared vision to a defined framework for developing modular data centres across our existing energy sites.”
“By bringing generation and compute together at the same site, we can deliver speed-to-power for the AI industry while unlocking durable new value from infrastructure we already own. We intend to ensure the platform powering tomorrow’s economy is built on a clean, distributed, and resilient energy foundation.”
PowerBank’s development pipeline currently exceeds 1GW, with over 100MW of operational renewable energy capacity in Canada and the US.
The company stated that this initiative is expected to create new revenue from existing assets while supporting sustainable digital economic growth.
PowerBank has recently identified AI compute infrastructure and modular data centres as a strategic priority alongside its solar and battery storage activities, as part of its ongoing focus on digital infrastructure.
