AirTrunk is leveraging Australia's green energy and strategic location to attract major US tech companies. The company, valued at approximately AUD 24 billion after its 2024 acquisition by a Blackstone-led consortium, serves as a primary infrastructure provider for AI ambitions in the region.
The operator's total operational capacity across five Australian campuses exceeds 1.2 GW. A new project in Melbourne, the MEL2 campus announced in December 2025, will provide over 354 MW of capacity with an investment exceeding AUD 5 billion.
In Sydney, the SYD3 project targets over 400 MW of capacity. To finance this build, the company is reportedly in talks for loans totaling AUD 4.3 billion.
AirTrunk's client list includes Silicon Valley giants such as Microsoft, Amazon, Google, Apple, and Oracle. These companies are seeking capacity in the Asia-Pacific region while avoiding geopolitical risks associated with other jurisdictions.
To meet sustainability goals, AirTrunk and Google signed a power purchase agreement in 2023 for the 25 MW Mulwala Solar Farm in New South Wales, which is currently nearing grid connection.
Despite these investments, the company faces challenges. Australia's planning and permitting processes are approximately two years slower than in Asia, and the existing power grid infrastructure requires significant upgrades to support hyperscale data centers.
