Phase 2 of Campus Q01 one year ahead of schedule and under construction
Lévis, Québec, Canada, September 21, 2022 – QScale, a fast-growing company recognized for its innovative concept of eco-responsible computing centers, has accelerated its expansion plans and started construction of Phase 2 at its first campus in Lévis a full year ahead of schedule.
“Broad and increased adoption of AI, such as in self-driving cars and in biomedical and climate research, has skyrocketed demand for computing. Labor shortages have also accelerated the adoption of robotics and smart factories. The worldwide energy crisis, and the aggressive carbon reduction goals of many businesses, have added further demand pressure. As a result, we have decided to speed up our growth by beginning work on Phase 2 earlier than planned. It is now well underway,” said Martin Bouchard, president of QScale.
QScale's technology and infrastructure are unique in that they can sustainably operate liquid-cooled machines that require a lot of power, such as supercomputers, using affordable green electricity. The low cooling costs due to the cold climate and the heat recovery initiatives add to QScale's attractiveness.
“I thank our team for their outstanding efforts. Despite the many supply chain issues and other problems facing the industry, Phase 1 was on budget and on time. This gives us lots of confidence for the future expansion of QScale,” concluded Bouchard.
To assist the company with its expansion plans, QScale has retained the services of Houlihan Lokey, Scotiabank, and Desjardins Capital Markets.
QScale develops environmentally responsible computing centers for applications such as high-performance computing and machine learning. QScale's technology infrastructures help meet the growing computing/IT needs of global companies while enabling them to achieve their ESG objectives.
Founded in 2018, QScale is growing rapidly and is supported by leading private and institutional investors such as Investissement Québec. Upon the completion of its eight phases, this first campus (QScale Q01) will represent a total investment of C$1.05 billion.
QScale is a trademark of Fonds QScale S.E.C.