← Back

Wire · technology

Exascale and EnergyBank Sign MOU to Develop AI Compute Powered by Full-Scale ...

Published

31 August 2026

Topic

technology

Sectors

AI Infrastructure

Geography

New Zealand

Source

Read at markets.businessinsider.com

Verified

Fusion42 · 1 September 2026 · Fusion42 review

Exascale and EnergyBank signed a non-binding MOU to develop AI compute infrastructure powered by floating offshore wind turbines coupled with long-duration energy storage. The initial pilot targets up to 800kW of compute-ready power, aiming to create grid-independent AI data centre power with scalable modular deployments potentially up to 10MW per turbine.

This Wire brief sits within Fusion42's coverage of AI Infrastructure.

◆ The Wire takeaway

You face a new route to deploy AI compute without grid delays. Exascale and EnergyBank’s floating wind and storage system means you can deliver firm power offshore, opening markets where grid access stalls data centre growth.

Coverage

1 source · 31 Aug 2026

Related on Wire

Topics

AI Infrastructureoffshore-windenergy-storageai-computemodular-data-centresgreen-energyfloating-wind