Drax and Brookfield Plan 27 Billion Dollar UK AI Hub

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FILE PHOTO: A general view of the cooling towers at the Drax Power station near Selby, Britain, December 13, 2024.

DRAX GROUP PLC partnered with BROOKFIELD CORP and Radiant to build a 1-gigawatt AI data centre in the United Kingdom for £20 billion ($26.8 billion). The project leverages northern England power infrastructure to meet surging computational demands. Driven by the announcement, Drax shares rose 9% in Tuesday morning trade.