US modular data center firm Nodiac has signed a joint development agreement (JDA) with Canadian renewable energy firm PowerBank Corporation, formalizing a partnership first announced in April.
The two companies had signed a Letter of Intent in April to explore co-locating data centers at PowerBank’s solar and battery storage sites across North America. The JDA establishes a defined framework for joint development and cash flow distribution across selected sites.
The deal will see Nodiac deploy one–20MW modular data center units at distribution-level interconnection points on sites where PowerBank already holds generation capacity, land, and permits. The companies claim that the model is designed to bring compute online in months rather than the years required by large-load transmission-queue interconnection.
“PowerBank has spent years developing, owning, and operating renewable power across North America, and those same assets are now becoming the potential foundation for the distributed AI compute the digital economy depends on,” said Richard Lu, CEO of PowerBank.
“By building where power is ready today, we can scale speed-to-power for the AI industry while turning existing energy assets into new, high-value revenue, which is exactly the distributed model the market is moving toward,” said Robert Sher, CEO of Nodiac.
According to the companies, terms will be negotiated on a site-by-site basis, subject to definitive agreements, permits, technical feasibility, and financing.
Denver-headquartered Nodiac develops containerized data centers ranging from 1MW to 20MW for deployment alongside existing energy infrastructure. The company has a pipeline exceeding 800MW across more than 500 identified sites in more than 30 US states. In addition to the PowerBank deal, the company signed an LOI earlier this month with SkyVolt Energy to deploy its modular data center solution across SkyVolt Energy’s sites in North America.
PowerBank claims to have a development pipeline exceeding 1GW of capacity, with more than 100MW of operational solar and battery capacity.
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