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Israel-Based Stark Power to Buy Sagebrush Infrastructure to Deepen US Data Center Presence

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Israel-based Stark Power will buy 100% of Sagebrush Infrastructure Partners, a company that develops hyperscale data centers paired with natural gas-fired power generation, it said in a statement on Monday without specifying the price.

Stark Power recently obtained 430 million shekels ($146.9 million) from several Israeli institutional investors to help fund the purchase and to advance the target's development pipeline.

It said it will seek other such US acquisition opportunities going forward.

Stark said the purchase furthers its strategy of addressing hyperscale data centers' "time-to-power" needs by buying "differentiated infrastructure" in the central US area.

Sagebrush is developing five hyperscale data center campuses in the area with power needs of 5.6 gigawatts in total. Sagebrush is building gas-fired power plants alongside them to meet these needs and reduce the burden on the grid, the statement said.

The Sagebrush founding team will join Stark Power to bring "institutional-grade execution capabilities", the statement said.

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