[{"data":1,"prerenderedAt":182},["ShallowReactive",2],{"{\"language\":\"fr\",\"resolve_relations\":[\"post.author\"]}posts\u002Fdata-center-energization-date-why-it-sets-the-value":3},{"data":4,"headers":158},{"story":5,"cv":145,"rels":146,"links":157},{"name":6,"created_at":7,"published_at":8,"updated_at":9,"id":10,"uuid":11,"content":12,"slug":138,"full_slug":139,"sort_by_date":59,"position":140,"tag_list":141,"is_startpage":24,"parent_id":142,"meta_data":59,"group_id":143,"first_published_at":8,"release_id":59,"lang":65,"path":59,"alternates":144,"default_full_slug":59,"translated_slugs":59},"Data center energization date: why it sets the value","2026-11-10T17:06:34.087Z","2026-11-10T20:12:36.051Z","2026-11-10T20:12:36.064Z",240192692598822,"894332d3-3e54-4a9b-a50f-d2af5f52e025",{"seo":13,"_uid":27,"date":28,"intro":29,"title":30,"author":31,"blocks":68,"category":132,"featured":24,"component":133,"thumbnail":134,"hero_image":136},[14],{"_uid":15,"image":16,"title":6,"component":25,"description":26},"0b2255c1-04c6-484f-9505-d1f055394cba",{"id":17,"alt":18,"name":19,"focus":19,"title":19,"source":19,"filename":20,"copyright":19,"fieldtype":21,"meta_data":22,"is_external_url":24},207968453842624,"dpd_1","","https:\u002F\u002Fa.storyblok.com\u002Ff\u002F290340181793214\u002F1261x831\u002F718e276b65\u002Fistock-1299944072.jpg","asset",{"alt":18,"size":23,"title":19,"source":19,"copyright":19},"1261x831",false,"seo","Energization date now drives data center value. Anthropic's S-1, Microsoft's NiSource deal, and Google's PJM flexibility buy show what a month of delay costs.\n\n","e270c710-bcda-4642-9482-84d4501225d8","2026-11-02 00:00","L'énergie, les permis, le financement et l'acceptabilité sociale déterminent désormais quels campus d'IA verront le jour. Chris Ruppel, premier vice-président chez Keel Infrastructure, explique pourquoi les mégawatts sous tension l'emportent.\n","Digital Power Digest – Volume 5 : du 21 septembre au 4 octobre 2026",{"name":32,"created_at":33,"published_at":34,"updated_at":35,"id":36,"uuid":37,"content":38,"slug":57,"full_slug":58,"sort_by_date":59,"position":60,"tag_list":61,"is_startpage":24,"parent_id":62,"meta_data":59,"group_id":63,"first_published_at":64,"release_id":59,"lang":65,"path":59,"alternates":66,"default_full_slug":59,"translated_slugs":59,"_stopResolving":67},"Christopher Ruppel","2026-03-17T16:24:01.161Z","2026-04-06T00:09:57.160Z","2026-04-06T00:09:57.172Z",155955368617120,"5ce15b6e-5eb2-4ef8-ac4a-d147b128da73",{"_uid":39,"name":32,"blocks":40,"component":50,"expertise":51,"profile_picture":52},"01c2c833-f9f0-45f9-8b9b-80f2b5fa8be9",[41],{"_uid":42,"title":43,"blocks":44,"component":49,"is_large_title":24},"c0441a69-4a21-4765-986a-e2b9023e724d","Expertise ",[45],{"_uid":46,"copy":47,"component":48},"8f5c2874-33b2-4679-b5de-c44bb00257dd","Christopher Ruppel a rejoint Keel Infrastructure en tant que vice-président principal, Énergie. Chris apporte plus de deux décennies d'expérience à la croisée des infrastructures informatiques de pointe et de l'optimisation des systèmes énergétiques. Il a dirigé des stratégies de développement couvrant la production sur site, les actifs raccordés au réseau et les solutions de conversion du gaz en électricité pour soutenir les environnements d'IA et de calcul en périphérie à haute densité.\n\nL'expérience de Chris comprend la conception et le développement de plus de 4 GW de projets énergétiques à l'échelle mondiale, la structuration de financements de projets s'élevant à plusieurs milliards de dollars, ainsi que le conseil aux opérateurs de centres de données sur des stratégies énergétiques résilientes et optimisées sur le plan commercial. Avant de rejoindre Keel, il a occupé le poste de responsable du développement énergétique chez MARA Holdings, où il a dirigé la stratégie de la division Digital Energy de l'entreprise, en se concentrant sur les solutions d'alimentation derrière le compteur, l'optimisation thermique et les initiatives de réponse à la demande.","team_member_copy_block","team_member_block","team_member","Vice-président principal, Énergie",{"id":53,"alt":54,"name":19,"focus":19,"title":19,"source":19,"filename":55,"copyright":19,"fieldtype":21,"meta_data":56,"is_external_url":24},158128143448457,"Portrait of Christ Ruppel","https:\u002F\u002Fa.storyblok.com\u002Ff\u002F290340181793214\u002F853x1280\u002Ffb552a6926\u002Fchris-ruppel-large.jpeg",{"alt":54,"title":19,"source":19,"copyright":19},"christopher-ruppel","fr\u002Fteam-members\u002Fchristopher-ruppel",null,-170,[],146010902535401,"ccfaacf8-69a7-4d3e-8c7b-b317d370de47","2026-03-17T16:24:26.848Z","fr",[],true,[69],{"_uid":70,"copy":71,"component":131},"3e0da7d4-97e5-4754-8cb7-7c7e276efe50",{"type":72,"attrs":73,"content":74},"doc",{"backgroundColor":59},[75,82,87,92,103,105,107,112,117,122],{"type":76,"attrs":77,"content":78},"paragraph",{"textAlign":59},[79],{"text":80,"type":81},"Anthropic's S-1, which became public Monday morning, offers a way to estimate how much potential compute revenue is at risk when data center projects are delayed. Based on Anthropic's implied rates, each month of delay represents $2.75 to $4.17 per watt in potential revenue, assuming a customer is ready to use the capacity. Electricity remains a relatively small expense for foundation model companies. Generating $33 to $50 in compute revenue requires 68 cents of electricity, although that revenue must also cover costs beyond the powered shell. If a project can pay for itself in one to three years, modeling its cash flow over 30 years may serve little purpose.","text",{"type":76,"attrs":83,"content":84},{"textAlign":59},[85],{"text":86,"type":81},"In this issue of Digital Power Digest, Chris Ruppel, SVP of Power at Keel Infrastructure, examines what those figures mean for AI infrastructure developers and how companies are changing the way they finance power projects. Investors are beginning to treat behind-the-meter power as a separate asset class, partly because electricity is becoming harder to secure. Utilities have long connection queues, and transformer deliveries are being delayed. Even a site with a signed electric service agreement (ESA) may have to wait until 2030 for power. Those agreements also carry more regulatory and political risk than they did two years ago, which gives investors another reason to look behind the meter.",{"type":76,"attrs":88,"content":89},{"textAlign":59},[90],{"text":91,"type":81},"Buyers are paying particular attention to when a site can actually receive power. NiSource's GenCo will add 1.1 GW of new generating resources and has contracted 600 MW of battery storage under a 20-year agreement with Microsoft, with electric service expected to begin in 2028. Kinder Morgan approved a $4.2 billion pipeline project backed by commitments from power providers serving a hyperscaler. Google is purchasing 1 GW of \"bring your own capacity\" flexibility in PJM. Buyers are willing to pay more to get power sooner, and developers who can make credible commitments on delivery dates can charge more.",{"type":76,"attrs":93,"content":94},{"textAlign":59},[95],{"text":96,"type":81,"marks":97},"Read More",[98],{"type":99,"attrs":100},"link",{"href":101,"uuid":59,"anchor":59,"target":102,"linktype":21},"https:\u002F\u002Fa.storyblok.com\u002Ff\u002F290340181793214\u002Fx\u002F4cb673cb0d\u002Fdpd-issue-7-1.pdf","_blank",{"type":104},"horizontal_rule",{"type":76,"attrs":106},{"textAlign":59},{"type":76,"attrs":108,"content":109},{"textAlign":59},[110],{"text":111,"type":81},"Le S-1 d’Anthropic, rendu public lundi matin, permet d’estimer le revenu potentiel de calcul mis en jeu lorsque des projets de centres de données sont retardés. Selon les tarifs implicites d’Anthropic, chaque mois de retard représente de 2,75 $ à 4,17 $ par watt en revenus potentiels, en supposant qu’un client soit prêt à utiliser la capacité. L’électricité demeure une dépense relativement modeste pour les entreprises de modèles de fondation. Générer de 33 $ à 50 $ de revenus de calcul exige 68 cents d’électricité, même si ces revenus doivent aussi couvrir des coûts qui vont au-delà de l’enveloppe alimentée. Si un projet peut se rentabiliser en un à trois ans, modéliser ses flux de trésorerie sur 30 ans risque d’avoir peu d’utilité.",{"type":76,"attrs":113,"content":114},{"textAlign":59},[115],{"text":116,"type":81},"Dans ce numéro de Digital Power Digest, Chris Ruppel, vice-président principal, Énergie, chez Keel Infrastructure, examine ce que ces chiffres signifient pour les promoteurs d’infrastructures d’IA et comment les entreprises transforment leur façon de financer les projets électriques. Les investisseurs commencent à traiter l’électricité derrière le compteur comme une catégorie d’actifs distincte, notamment parce que l’électricité devient plus difficile à obtenir. Les files d’attente de raccordement des services publics sont longues et les livraisons de transformateurs accusent des retards. Même un site doté d’un contrat de service électrique (ESA) signé pourrait devoir attendre jusqu’en 2030 pour être alimenté. Ces contrats comportent aussi plus de risques réglementaires et politiques qu’il y a deux ans, ce qui donne aux investisseurs une raison de plus de se tourner vers les solutions derrière le compteur.",{"type":76,"attrs":118,"content":119},{"textAlign":59},[120],{"text":121,"type":81},"Les acheteurs accordent une attention particulière au moment où un site peut réellement être alimenté. La GenCo de NiSource ajoutera 1,1 GW de nouvelles ressources de production et a conclu un contrat de 20 ans avec Microsoft pour 600 MW de stockage par batteries, le service électrique devant commencer en 2028. Kinder Morgan a approuvé un projet de gazoduc de 4,2 milliards $ adossé aux engagements de fournisseurs d’électricité qui desservent un hyperscalaire. Google achète 1 GW de flexibilité de type « apportez votre propre capacité » dans PJM. Les acheteurs sont prêts à payer davantage pour obtenir de l’électricité plus tôt, et les promoteurs capables de prendre des engagements crédibles sur les dates de livraison peuvent exiger un prix plus élevé.",{"type":76,"attrs":123,"content":124},{"textAlign":59},[125],{"text":126,"type":81,"marks":127},"Lire la suite",[128],{"type":99,"attrs":129},{"href":130,"uuid":59,"anchor":59,"target":102,"linktype":21},"https:\u002F\u002Fa.storyblok.com\u002Ff\u002F290340181793214\u002Fx\u002F08ea438853\u002Fdpd_numero_7_fr-ca.pdf","post_copy","Digital Power Digest","post",{"id":17,"alt":18,"name":19,"focus":19,"title":19,"source":19,"filename":20,"copyright":19,"fieldtype":21,"meta_data":135,"is_external_url":24},{"alt":18,"size":23,"title":19,"source":19,"copyright":19},{"id":17,"alt":18,"name":19,"focus":19,"title":19,"source":19,"filename":20,"copyright":19,"fieldtype":21,"meta_data":137,"is_external_url":24},{"alt":18,"size":23,"title":19,"source":19,"copyright":19},"data-center-energization-date-why-it-sets-the-value","fr\u002Fposts\u002Fdata-center-energization-date-why-it-sets-the-value",-240,[],146629530122758,"10e56704-00e1-45cf-97d3-c187f0166ee3",[],1794341701,[147],{"name":32,"created_at":33,"published_at":34,"updated_at":35,"id":36,"uuid":37,"content":148,"slug":57,"full_slug":58,"sort_by_date":59,"position":60,"tag_list":155,"is_startpage":24,"parent_id":62,"meta_data":59,"group_id":63,"first_published_at":64,"release_id":59,"lang":65,"path":59,"alternates":156,"default_full_slug":59,"translated_slugs":59},{"_uid":39,"name":32,"blocks":149,"component":50,"expertise":51,"profile_picture":153},[150],{"_uid":42,"title":43,"blocks":151,"component":49,"is_large_title":24},[152],{"_uid":46,"copy":47,"component":48},{"id":53,"alt":54,"name":19,"focus":19,"title":19,"source":19,"filename":55,"copyright":19,"fieldtype":21,"meta_data":154,"is_external_url":24},{"alt":54,"title":19,"source":19,"copyright":19},[],[],[],{"age":159,"cache-control":160,"connection":161,"content-encoding":162,"content-type":163,"date":164,"etag":165,"referrer-policy":166,"sb-be-version":167,"server":168,"strict-transport-security":169,"transfer-encoding":170,"vary":171,"via":172,"x-amz-cf-id":173,"x-amz-cf-pop":174,"x-cache":175,"x-content-type-options":176,"x-frame-options":177,"x-permitted-cross-domain-policies":178,"x-request-id":179,"x-runtime":180,"x-xss-protection":181},"4314","max-age=0, public, s-maxage=604800, stale-if-error=3600","keep-alive","gzip","application\u002Fjson; charset=utf-8","Tue, 10 Nov 2026 20:15:52 GMT","W\u002F\"e5f865e50da04da2805138163d09cb44\"","strict-origin-when-cross-origin","5.1008.0","nginx","max-age=31536000","chunked","Origin,Accept-Encoding","1.1 18f4d2895273eb518f03b4c831d8c396.cloudfront.net (CloudFront)","JeYwTaM0mwjNF38fuhmXYLdKUbUtsNIcWhDJ5MCp7H-eTSQbOGj6BQ==","IAD55-P6","Hit from cloudfront","nosniff","SAMEORIGIN","none","729f0e92-bfb3-47cf-a131-e4fc4fdf85ac","0.022011","0",1794346066711]