Abu Dhabi’s MGX weighs multi-billion deal for Singapore-based data centre operator DayOne: sources

businesstimes.com.sg Jun 20, 2026

Abu Dhabi’s MGX weighs multi-billion deal for Singapore-based data centre operator DayOne: sources

Curated by Shubham · TechCapsules · Jun 20, 2026

AI-summarised brief · reviewed before publication

Abu Dhabi's MGX is considering a multi-billion dollar deal to acquire Singapore-based data centre operator DayOne, marking a significant step in its global expansion into technology. DayOne operates and develops data centres across South-east Asia, Hong Kong, Japan, and Finland, and has been planning a US initial public offering targeting a valuation of $20 billion. MGX has been working with an investment bank to prepare for the potential transaction, but a deal may not proceed and DayOne may still opt for an IPO. The acquisition would be MGX's first in Asia, as it pursues international expansion with over $100 billion in assets.

💡 Why It Matters

· MGX's potential acquisition of DayOne underscores the UAE's aggressive push into the AI sector as part of its economic diversification efforts.
· It would also cement MGX's position as a major player in the global technology industry, with investments in some of the largest AI companies worldwide.

Capsules Data Centers

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FERC Mandates Fast-Track Data Center Grid Access, Shielding Ratepayers from Costs

Federal regulators have issued orders to six major US grid operators to eliminate bottlenecks preventing AI data centers from connecting to the power grid, with developers bearing the connection costs. The orders, approved by the Federal Energy Regulatory Commission, cover grid operators serving 200 million Americans and aim to integrate large energy loads into the bulk electric grid while protecting consumers. The rules require grid operators to submit reliability reports and reform pricing structures within 60 days. This move addresses AI power demand as a national infrastructure crisis requiring federal coordination, shielding ratepayers from costs.

💡 By shielding ratepayers from AI infrastructure costs, FERC's orders protect household electricity customers from shouldering the financial burden of data center connections. FERC's move sets a standard for responsibly integrating large energy loads into the grid.

kashmirreader.com · Jun 21

Bill Gates to Google, Microsoft, Amazon, Meta & every company building data…

Bill Gates has expressed concerns that some data centers being built by companies like Google, Microsoft, Amazon, and Meta may not be profitable due to high electricity costs. He stated that the next generation of chips will arrive before the current ones have paid for themselves, and that no community will absorb higher power bills for a hyperscaler's bet that may not pay off. Gates' comments are significant as his own company, TerraPower, stands to profit from the buildout, but he is warning that some data centers will lose their investment and leave hosting towns with significant infrastructure costs. The White House has pledged to cover the cost of new power generation, but backlash against data centers continues, with 70% of Americans opposing a data center near their home. Gates' warning highlights the potential risks of the current data center buildout frenzy. His comments emphasize the need for companies to consider the long-term costs and benefits of their investments.

💡 Gates' warning underscores the potential for data centers to become stranded assets, leaving towns with significant infrastructure costs and no economic benefits. His comments also highlight the disconnect between the industry's growth plans and the concerns of local communities.

us.headtopics.com · Jun 21

Meta offers paid training for AI data center jobs

Meta is investing $115 million in its America's Workforce Academy to train workers for skilled trade jobs tied to AI data center construction. The program is open to qualified veterans, recent graduates, and career changers, and will cover tuition, airfare, lodging, and a daily stipend during training. Participants will be trained for jobs such as fiber technicians, electricians, and welders, with a job offer guaranteed upon graduation. The program will be piloted in Ohio, Indiana, and Texas, with the goal of creating a faster path into trade careers without college debt. Meta's investment aims to address the need for trained workers in AI infrastructure construction.

💡 By offering a debt-free path to skilled trade jobs, Meta's program addresses a critical labor shortage in AI data center construction, potentially easing the buildout of AI infrastructure. It also gives Meta a stronger jobs message amid growing community scrutiny of data centers.

cowboystatedaily.com · Jun 19

Wyoming Wrestles With Unprecedented Power Demand From Massive Data Centers

Wyoming, known for its energy surplus, is facing unprecedented power demand from massive data centers. The state exports 12 times more electricity than it consumes, but new projects, such as Project Jade, will require a significant increase in power usage. The data center will use 2.7 gigawatts of power initially, scaling to 10 gigawatts, which is almost as much as Wyoming's total power generation capacity. With 14 data centers in various stages of development, the state is struggling to accommodate the increased power needs without affecting residential consumers.

💡 Wyoming's grid is on the brink of collapse due to the sheer scale of data center growth, and regulators are scrambling to find a solution. The state's ability to serve these massive loads without harming residential consumers will be a test of its energy infrastructure, and the consequences of failure could be catastrophic.

us.headtopics.com · Jun 18

Texas grid regulator to consider new rules for data centers

The Public Utility Commission of Texas will consider a proposal to streamline the power approval process for data centers. The Electric Reliability Council of Texas, the state's energy grid operator, is overwhelmed by a surge in interconnection requests from large energy users like data centers. The current process is struggling to keep pace, with 225 new requests in 2025, and ERCOT wants to evaluate data centers in batches. This change aims to address the challenge of evaluating electric infrastructure needs amidst frequent new project proposals. The state must increase energy production to meet growing demand and avoid high prices and blackouts.

💡 Streamlining the approval process can help Texas meet its urgent need for increased energy production. Efficiently integrating large energy users into the grid is crucial to avoiding supply shortages.

energy-storage.news · Jun 18

Enphase co-founder says solid-state transformer can ease data centre ‘power problems’

Enphase co-founder Raghu Belur discusses the company's solid-state transformer technology, which can ease power problems in data centres. The technology consolidates the power conversion process, eliminating multiple conversion steps and traditional uninterruptible power supply systems. Enphase has been developing this technology for AI data centres over the past nine months, leveraging its power electronics expertise. The company's SST approach converts medium voltage to 800 volts DC in a single stage, ideal for data centres with high power density requirements. This technology can help eliminate inefficiencies in traditional power delivery chains. Enphase's entry into the SST market builds on its two decades of power electronics development in residential solar, with the company positioning its IQ9 series microinverter as a solution for hyperscalers, and each 1.25MW SST unit comprising 342 microinverters.

💡 Enphase's solid-state transformer technology addresses the growing power delivery issue in data centres, where power density per rack has surged significantly. By eliminating the need for traditional uninterruptible power supply systems, data centres can free up valuable rack space for compute resources.