In March 2020, Pioneer entered into a partnership with Echelon Data Centres for an up to €1 billion investment programme across two sites in Ireland. Pioneer invested in Echelon in partnership with Davidson Kempner.

Established in 2017, Echelon has developed two sites totalling 184MW and has a further pipeline both in Ireland and in Europe. Pioneer’s investment will be focussed on the delivery of the energy infrastructure required for the data centres, including the provision of the grid infrastructure, renewable energy projects (providing power directly to the data centres) and backup power generation.

Pioneer identified Echelon as the ideal partner in Ireland due to the strength of its management team and its alignment with sustainability. Connectivity and data is critical to driving modern sustainable economies. Through this investment, Pioneer will facilitate the construction of two data centres which will be important to the national and local economy. It is anticipated they will require 900 jobs during the construction phase and 200 jobs once operational.