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    Reference: 20180719
    Release date: 31 July 2020

    Promoter – Financial Intermediary




    The Demonstration Project consists in the design, construction and operation of a water-cooled data centre located in Ireland. The purpose of the project is to demonstrate the commercial viability and operability of innovative water-cooling technology developed by Nautilus Data Technologies and for first commercial rollout of the technology in Europe. If successful, the technology can be expanded to be used for both floating and land-based data centres.


    The objective of this project is to implement a new technology to improve the energy efficiency of data centres and their overall environmental sustainability.


    Proposed EIB finance (Approximate amount)

    EUR 40 million

    Total cost (Approximate amount)

    EUR 53 million

    Environmental aspects

    Activities related to the construction of new data centre facilities could fall under Annex II of the EIA directive 2014/52/EU amending 2011/92/EU as "industrial estate development projects." In this case, the data centre will be located within an existing port, not changing its existing scope. The Bank will require the project's compliance with the relevant environmental legislation and the preparation of an Environmental Impact Assessment (EIA) if requested.


    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions.


    Under appraisal - 31/07/2020


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Ireland Services