Hubco shelves planned 100MW data center over surging costs

Hub Power Company puts its proposed 100MW digital infrastructure venture on hold, citing steep electricity rates, tech expenses, and grid requirements.

Hub Power Company has delayed plans to establish a 100MW data facility.

Management cited elevated electricity tariffs, tech hardware costs, and shaky commercial returns.

The power producer wants specialized industrial zones featuring multiple reliable power grid hookups.

Unlike competitors starting at 5-10MW, Hubco avoided smaller pilot facilities.

No updated timeframe or estimated capital expenditure figures have been disclosed.

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