Stellium Datacentres raises £30 million to boost business in UK and abroad

Stellium Datacentres, operator of one of the largest UK datacentre campuses and a fibre-optic ring in Newcastle upon Tyne, has raised £30 million from Tiger Infrastructure Partners and Eram Capital Advisors. The funding positions the company and its facilities to support European business, both in its own ecosystem and as it extends across the Atlantic. The campus is comprised of three state-of-the-art data centre facilities that have the power, scale and flexibility to provide enterprise-level cloud services, dedicated and co-location services, as well as powered shell facilities so that customers can configure the datacentre to their own needs. Constructed to BREEAM Excellent and Outstanding Standards back in 2017, the centre has its own power supply with a power usage effectiveness ratio of 1.2 (the ideal is 1.0). Several companies operate within the campus. As for the fibre-optic side of the business, Stellium is now a hub for data transmitted between the United States, UK and Europe on the North Atlantic Loop, a new transatlantic subsea fibre network from Aqua Comms. A leading developer and operator of subsea fibre-optic cable networks, Aqua Comms and its partners have selected Stellium as the principal landing station for the new North Sea Connect cable that will link the UK with Denmark. The North Sea Connect cable will be part of the North Atlantic Loop, which also includes America Europe Connect-2, a new cable that will connect New Jersey with Denmark. In addition to its strategic international role, the company expects to support economic growth and serve public and academic institutions in northeast England. Newcastle City Council leader Nick Forbes said: “Newcastle is a global city at the heart of modern Britain and is now one of the most exciting hubs in Europe for a new generation of digital and technology companies to base themselves and grow. Stellium’s world class data centre campus is a key component to growing the sector further and at pace. The investment announced today, along with the confidence shown by Aqua Comms in choosing Stellium as its primary UK landing station to link the US with Europe, is further evidence of the city’s burgeoning reputation for supporting partnerships to develop the skills which will create thousands of jobs for future generations.”

Noel Meaney, Stellium CEO, commented: “This investment further bolsters the position of Stellium Datacenters as one of the most modern, powerful facilities in Europe. With this investment, we believe we are well positioned to serve hyperscale and wholesale companies looking to harness the speed and resiliency of the newest subsea network linking the United States, United Kingdom and Europe, as well as local customers who require data centre services within the United Kingdom. We look forward to partnering with experienced datacentre investors such as Tiger Infrastructure Partners and Eram Capital Advisors in our growth ambitions.”