PowerHouse CTP Richmond
Meadowville Technology Parkway, Chesterfield, Virginia
Liquid Cooling
Power
420 MW
Overview
PowerHouse/Chirisa JV at Meadowville campus. CTP-01 leased to CoreWeave. CTP-02/03 delivering 120MW in 2025-26. Digital Drive expansion adds 300MW, 1GW goal.
Key Tenant: CoreWeave
Key Points
- •Chirisa Technology Parks + PowerHouse JV with Blue Owl ($5B)
- •CTP-01: 28MW building leased to CoreWeave (originally built for Capital One 2013)
- •CTP-02 + CTP-03: 120MW delivering 2025-2026 for CoreWeave
- •Digital Drive expansion: 104 acres, 5 AI-ready buildings, 300MW secured
- •Direct-on-chip liquid cooling (2x more efficient than air)
- •Goal: 1GW+ total capacity; 800-1,200 jobs over 5-7 years
Development Details
Total Investment
$5B
Total Space (Planned)
0.6M sqft
Permanent Jobs
1.2K
Mar 2026