New data center campus at the former United
Airlines HQ will be one of the largest in Illinois, fueling steady
growth of data center industry and community investment and jobs by
2024
ComEd today joined CloudHQ, a global data center company, and
members of the community for a groundbreaking event to launch one
of the largest data centers in the state of Illinois. Construction
is now underway on a new $2.5 billion, 1.5 million square foot
hyperscale data center campus that will continue a trend in data
center development in the Chicagoland market in northern Illinois
and expand capacity to serve business tech needs in the area.
This project will create hundreds of permanent new jobs and
support growing business technology needs in the region. It marks
the 8th new data center project to launch in the past year in
ComEd’s service territory, which covers northern Illinois. ComEd
will deliver a new onsite substation, extend high voltage lines,
and provide new technology investments to help CloudHQ meet growing
demand for data center services supporting the digital economy.
“ComEd is thrilled to support the launch of one of the largest
data centers ever seen in our state, as part of our ongoing work to
power growth by Illinois companies who continue to bring jobs and
investment into the communities we are proud to serve,” said Gil
C. Quinones, CEO of ComEd. “Companies like CloudHQ continue to
look to northern Illinois and our service territory thanks to the
unparalleled access to clean, affordable and reliable power that is
essential for meeting the demands of today’s economy.”
The first phase of this latest data center project headed to
Illinois is set for completion in 2024, with an additional two
buildings completed in the next 3-5 years based on demand. CloudHQ
will develop a hyperscale data center campus - a term which refers
to the largest and most efficient type of data centers, which
typically house hundreds of thousands of computer servers in each
building, to serve the needs of the world’s largest customers. The
three-building campus will be built to a LEED standard,
highlighting the company’s commitment to sustainable
development.
“CloudHQ is excited to be bringing this hyperscale development
to the Village of Mount Prospect. The location, scale and speed to
market of our ORD Campus reinforces all we strive to achieve, as
partners to our customers. The demand we see for this location is
already extremely encouraging, and will be supported by a new
dedicated on-site ComEd substation that will allow us to scale to
power future customer demand,” said Keith Harney, COO of
CloudHQ. “Working with the Village of Mount Prospect Board of
Trustees, the Mayor and the Village Staff has been an excellent
experience and we thank them for their cooperation to realize our
vision for the site.”
Overall, the project will bring significant investment and job
creation to the area. As construction of the first building kicks
off, over 1,000 construction jobs will be created over a two-year
period. Later phases of construction contemplate an additional
2,000 full time construction jobs. Once the project is completed,
CloudHQ’s data campus will employ over 100 full-time jobs,
including technical positions needed for data center maintenance
and construction.
“I know I speak for the entire Village Board as well as a very
grateful community when I say that we all anxiously look forward to
watching the Cloud HQ Data Center “go vertical” and become
operational,” said Mayor Paul Hoefer, Village of Mount
Prospect. “Thank you to Cloud HQ for choosing to build in Mount
Prospect.”
The project has received local approvals by the Village of Mount
Prospect to begin development of the site, which will repurpose the
50-acre, former United Airlines headquarters and operations center
that was vacated in 2007. The new data center makes good use of the
former United world headquarters site and will create new jobs and
investment for the community without adding significant vehicle
traffic to the area.
“The Chicago and Cook County Building and Construction Trades
Council looks forward to witnessing the profound impact that
CloudHQs investment in the Mount Prospect Technology Campus will
have on local union members with new opportunity in the area,”
said Mike Macellaio, President of the Chicago & Cook County
Building Trades Council.
A new onsite substation will be constructed by ComEd to support
CloudHQ operations and may eventually accommodate future needs in
the area as well. Additionally, ComEd will install new 100MVA
transformers at the site for the first time. These transformers are
of a higher capacity technology to support the needs of the data
center industry, while minimizing the footprint of electric
equipment on site.
“The arrival of CloudHQ confirms what we already know – that
Illinois is a leading destination for tech and data centers,”
said Rep. Mark Walker, who represents the 53rd District
including Arlington Heights and Mount Prospect. “CloudHQ’s new
project which will create a significant number of new jobs and
local investment for the area. New investments by CloudHQ and other
data centers coming to our area is a testament to the strong and
dependable grid, talent and infrastructure found only here in
Illinois.”
2019 was a turning point for the data center industry in
Illinois, following the passage of new state legislation to
incentivize growth and to support technology advancements. Since
the passage of the Data Center Incentive Program, ComEd has seen 15
new data center projects, including 6 projects bringing more than
$2 billion in local investment in 2021.
"Chicagoland is now the number four destination for data centers
in the entire world, representing an $8 billion industry right here
in Illinois," said Jack Lavin, President and CEO of the
Chicagoland Chamber of Commerce. "The Chamber has been proud to
lead efforts to pass pro-growth legislation like the Illinois Data
Center Investment incentive to help attract further investments
like these to our region, as a vital supplier of jobs and a
critical driver of Chicago's economy."
In ComEd’s service territory across northern Illinois alone,
there are now over 70 operating data centers, with six currently
under construction, and another 13 in early design or planning
stages. This growth has led the Chicago metro area to seize the
title of a top five global data center market for two years in a
row, according to Cushman & Wakefield.
“Data centers are critical to the growth of our digital
economy,” said Intersect Illinois CEO Dan Seals. “We’re
pleased to see CloudHQ break ground on this impressive facility,
and appreciate the work ComEd has done to make Illinois attractive
for projects like this.”
Additionally, data centers have continued to thrive in the
region, thanks to climate conditions that are safe from many
natural disasters, competitive costs that fall lower than other
cluster location options, as well as industry leading power
reliability, affirmed by ComEd’s 2021 ranking as a top 20 energy
company by Site Selection magazine, when compared to 3,300 electric
companies nationally.
Commonwealth Edison Company (ComEd) is a unit
of Chicago-based Exelon Corporation (NASDAQ: EXC), the nation’s
leading competitive energy provider, with approximately 10 million
customers. ComEd provides service to approximately 4 million
customers across northern Illinois, or 70 percent of the state’s
population. For more information visit ComEd.com, and connect with
the company on Facebook, Twitter, Instagram and YouTube.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220823005598/en/
ComEd Media Relations 312-394-3500
Cloud HQ, Devin Kakar Dkakar@cloudhq.com
Exelon (NYSE:EXC)
Historical Stock Chart
From Jan 2025 to Feb 2025
Exelon (NYSE:EXC)
Historical Stock Chart
From Feb 2024 to Feb 2025