HighlightsVitol acquires 600 MW data center campus in South Carolina First data center campus acquisition for the energy trader Aims to speed power delivery via ‘powered land model’ Highlights growing trend of energy firms investing in data centers
Energy and commodity trading firm Vitol, through its renewable energy arm VC Renewables (VCR), has acquired a 600 megawatt (MW) data center campus in South Carolina from Meridian Gridworks, a data center, edge computing, and renewable energy firm. While the financial terms were not disclosed, this marks Vitol’s first direct acquisition of a data center campus, signalling a strategic shift by energy players into digital infrastructure.
Strategic Shift to Integrated Power SolutionsThe acquisition aligns with Vitol’s ‘powered land model’, which integrates energy generation and storage with data center facilities. This approach aims to address the growing challenge of securing reliable and sustainable power for digital infrastructure, potentially speeding up connection timelines for data centers that often face delays of months or even years for grid access. Vitol already assists data center owners in securing power, including grid access.
Andrew De Pass, Vitol Head of Energy Transition Investments, stated, “The rapid growth of digital infrastructure is creating significant demand for reliable, flexible and increasingly sustainable power. We look forward to working with the Meridian team to develop a resilient, integrated energy solution for the South Carolina campus.”
Collaboration and Development OutlookMeridian Gridworks will continue to oversee the development of the South Carolina campus. Vitol and VC Renewables will contribute their expertise in natural gas, solar, and energy storage to further develop the site. Together, the firms aim to meet the power demands of digital infrastructure developments along the eastern seaboard of the US. Meridian Gridworks, per its website, has 1 gigawatt (GW) of compute capacity under development.Power and Land Constraints Drive InvestmentVitol’s move positions it among a growing number of commodity traders investing in data centers. For energy firms, this investment makes strategic sense given that power and land have become binding constraints on new data center buildouts, alongside public pushback. Securing land, in particular, is increasingly challenging and in short supply.This trend is underscored by emerging moratoriums on data center construction across the US. Last week, Fairfield County Council in South Carolina approved a 12-month moratorium on new data center construction, prohibiting builds on county-owned property and the sale of county land for new facilities. Similar moratoriums are appearing at county levels nationwide, with New York state having established a statewide, year-long moratorium on new hyperscale data center builds earlier this year.
Published On Aug 19, 2026 at 10:09 AM IST
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