Investor Access — Confidential 2026
300MW of behind-the-meter modular data center capacity in Pennsylvania — hyperscaler-grade compute without the grid queue.
Artificial Intelligence is the defining infrastructure build of this decade. Every hyperscaler, cloud operator, and AI company needs compute capacity right now — but the grid cannot deliver it. Interconnection queues stretch 5–7 years. Build costs run $5–10M per MW. Power prices make the economics marginal.
FullScale MDC solves all three simultaneously: behind-the-meter natural gas generation eliminates the grid queue, Platform UK's modular architecture cuts build cost 65–90%, and on-site gas PPAs at $0.095/kWh halve the power cost. The result: 300MW operational in 12 months at a fraction of traditional cost.
"Build the power-first modular data center platform that AI companies will rely on for the next decade — and exit at institutional infrastructure multiples."
5–7 year utility queue. 2,600+ projects representing 2,600GW waiting. Every month is permanent market share lost to competitors who already have power. AI operators cannot wait.
A 300MW campus costs $1.5B–$3B and takes 3–5 years. Very few operators can finance that. AI demand is outpacing supply 3:1 in the US alone. The gap widens every quarter.
Grid electricity runs $0.15–0.25/kWh. At 300MW running 8,760 hours, that is $394M–$657M in annual power cost alone — making AI colocation economics marginal and rate-sensitive at scale.
No US operator deploys BTM gas-powered modular containers at 100MW+ scale with proven engineering IP and active hyperscaler relationships. This white space is FullScale's to own.
| Dimension | Traditional DC | Grid-Dependent Colo | FullScale MDC ✓ |
|---|---|---|---|
| Build Cost / MW | ~$5–10M | ~$2.5–5M | $0.72M — 65–90% lower ✓ |
| Time to First Power | 3–5 years | 18–36 months | ~12 months ✓ |
| Grid Dependency | Required (5–7yr queue) | Required | None — BTM gas ✓ |
| Power Cost | $0.15–0.25/kWh | $0.15–0.20/kWh | $0.095/kWh ✓ |
| Rack Density | 10–30 kW/rack | Up to 50 kW/rack | 150kW now; 500kW roadmap ✓ |
| Site Flexibility | Greenfield only | Limited | Brownfield + greenfield ✓ |
| Scalability | Fixed building | Limited modular | 0.5MW pods — infinite ✓ |
| US Manufacturing | On-site construction | Imported or local | Domestic — no tariff risk ✓ |
| Proven Hyperscaler Use | Yes (many) | Partial | Yes — CoreWeave UK live ✓ |
800+ IPOs · $1.5B+ infrastructure deployed · 30,000MW+ energy experience
All-in per-kW pricing, power absorbed in rate. Preferred by hyperscalers on 10-year contracts. Target: 75–90% of Tioga capacity. Lowest churn, highest revenue visibility.
Fully bundled power + space + connectivity per kW. 100% consumption assumed. Higher revenue per MW. Enterprise AI and mid-market operators. Target: 10–20% of capacity.
Exclusive US distributor of Platform UK containers. Revenue begins before Tioga reaches full scale. Asset-light channel targeting organizations building their own DC infrastructure.
Pre-built 0.5MW units. 600 containers = 300MW at Tioga. Deployed in weeks. No ground disturbance — opens brownfield sites. Manufactured to spec, no on-site construction.
Closed-loop chiller scales independently of pod count. 150 kW/rack standard today — 500 kW/rack roadmap for next-gen GPU density. Immersion cooling pathway for max PUE.
Platform UK proprietary DCIM monitors all container telemetry, power draw, cooling, and uptime in real-time. 80+ algorithm states, micro-second response. Exclusive US & Canada license — all future iterations included.
4–5 Pennsylvania contract manufacturing sites identified. Charlie Morrissey leading ramp. Target 10MW/week at full scale. Purpose-built facility near Tioga planned for Phase 2+. Zero import tariff risk.
CoreWeave and hyperscalers are active customers of Platform UK sites in the UK today. The same engineering IP FullScale deploys is commercially operational on BTM gas with validated unit economics. Not unproven technology.
RICE engines via Arroyo Investors / Mesa Power Solutions (~2GW/yr capacity). 45% combustion efficiency; steam turbine integration pathway to ~90%. On-site gas from UGI pipeline 1.75 miles south of Tioga.
Tangibl Group (Wade Horigan) simultaneously canvassing Option B — ensuring competitive PPA tension and best possible terms for FullScale at all times. Two active tracks.
Target: $0.095/kWh — ~50% below US grid rates. Power spread to customer at base pricing: $61.60/kW/mo gross margin per kW. This spread is structural and permanent.
Zito Media fiber run 3 miles east — confirmed March 25. First Light (100Gbps backbone) as secondary carrier. Dual-carrier redundancy from day one.
$3.5B AUM. Owns Mesa Power Solutions — RICE engines, ~2GW/yr capacity. Also Stella Power. Intro call March 20. Advanced discussions ongoing.
Wade Horigan leading. Canvassing alternative power simultaneously — competitive tension ensures best PPA terms for FullScale.
Existing pipeline 1.75 miles from site. Gas supply secured without new major infrastructure. NGLC managing gas strategy across 5-state pipeline network.
Gas strategy, 5-state pipeline network, Tioga site confirmation March 16. Primary development partner with 800-acre DC precedent near Pittsburgh.
In 14 days: site secured, power partners engaged, fiber confirmed, gas locked, JV in formation, raise initiated. This team executes without delay.
Phase 2 sites identified via NGLC 5-state pipeline. Anchor hyperscaler tenant discussions active via Brian Patten — warm, not cold outreach.
CoreWeave + hyperscalers are active UK customers today. £50M AMC closed on Swiss bond market. The model is live and profitable.
4–5 US domestic contract sites produce Platform UK-spec containers independently. FullScale holds the exclusive license regardless of Platform UK's operational status. The IP stays in the JV.
| Dimension | Traditional DC | Grid-Dependent Colo | FullScale MDC ✓ |
|---|---|---|---|
| Build Cost per MW | ~$5–10M | ~$2.5–5M | $0.72M — 65–90% lower |
| Time to First Power | 3–5 years | 18–36 months | ~12 months |
| Grid Dependency | Required (5–7yr queue) | Required | None — BTM gas |
| Power Cost | $0.15–0.25/kWh | $0.15–0.20/kWh | $0.095/kWh (BTM gas) |
| Scalability | Fixed building | Limited modular | 0.5MW pods — infinite |
| Cooling | CRAC/CRAH air | Mixed | Liquid / immersion ready |
| Site Flexibility | Greenfield only | Limited | Brownfield + greenfield |
| Rack Density | 10–30 kW/rack | Up to 50 kW/rack | 150kW now; 500kW roadmap |
| Manufacturing | On-site construction | Imported or local | US domestic; no tariff risk |
| Proven Hyperscaler Use | Yes (many) | Partial | Yes — CoreWeave UK live |
Full financial model — monthly cashflow, P&L, sensitivity tables — available in data room under NDA.
JPM, Wells Fargo, Morgan Stanley — lending against contracted off-take. Siemens: finance all infrastructure regardless of hardware vendor.
Wellington, Fidelity, T. Rowe Price, Capital Group — expanding private infrastructure exposure. Sovereign wealth and pension funds.
£50M AMC closed on Swiss bond market — 5 family offices, 7% pa, expandable to $250M. Near-term bridge financing available.
HP, Dell, Super Micro vendor financing on compute. Family offices consistent with Platform UK AMC investor appetite.
Equity component $50–75M — JV equity + project debt structure — Q2 2026 close target
Full financial model, legal structure, site documents, Platform UK commercial agreements, and engineering specifications available under NDA.
300MW on-site BTM power — operational in ~12 months, no utility queue
$0.72M/MW build cost — 65–90% below traditional data center construction
$866M+ 10-year net return on $215M invested — base case, not upside
Exclusive US & Canada Platform UK license — CoreWeave validated in the UK today
Wall Street CFO (800+ IPOs) + $1.5B+ infrastructure advisor + NGLC hyperscaler pipeline