Technology

PowerHouse Data Centers and DPR Construction Celebrate 50 Percent Completion Milestone for ABX-1 Data Center

Published

3 years ago

February 28, 2023

Entering the market this Fall, the ABX-1 data center in Loudoun County features a two-story, 265,000 SF building with an on-site 300MW electrical substation delivering up to 80 MW of power

MCLEAN, Va., Feb. 28, 2023 /PRNewswire/ — PowerHouse Data Centers, a joint venture between American Real Estate Partners (AREP) and Harrison Street that offers turnkey site selection, powered shell, and build-to-suit data center solutions, and DPR Construction, one of the nation’s top five data center builders, announce they have placed the final steel beam at PowerHouse Data Center’s ABX-1 facility. A Topping Out celebration on Friday, February 17th marked the milestone event. Turnover to tenants is expected in July, and final completion is scheduled for October.

PowerHouse Data Centers and DPR Construction placed final steel beam at ABX-1 data center at Topping Out celebration.

ABX-1 is the first of PowerHouse’s six data center projects representing 2.1 million square feet of data center space in Northern Virginia. The 10-acre property features a two-story, 265,000 SF building, with an on-site 300 MW substation delivering up to 80 MW of power to the facility. The substation, built in partnership with Dominion Energy, commences construction soon, with completion expected by 2026.

“Because of our deep relationships in the real estate community, PowerHouse Data Centers is identifying and building state-of-the-art data centers in prime Northern Virginia locations, with capabilities that meet the needs of today and tomorrow’s digital business ecosystem,” says Doug Fleit, Co-founder and CEO of AREP and PowerHouse Data Centers. “We are thrilled to meet the rising demand of hyperscalers and operators in this market and to disrupt the landscape of Data Center Alley.”

Buddy Rizer, Executive Director of the Department of Economic Development in Loudoun County, Virginia, said the positive impact that ABX-1 will have on this region from an economic standpoint is immeasurable. “ABX-1 is infusing additional tax revenue into Loudoun County, creating construction and tech-related jobs and driving economic growth for our neighbors while generating excitement and revitalization in this region while transforming our economy,” says Rizer.

ABX-1 sits directly on the core Ashburn Fiber ring and national fiber backbone, offering zero mile, low latency access to multiple interconnection hubs, key internet exchanges, all major cloud platforms, and hundreds of network providers. The site is surrounded by more than 100,000 strands of fiber at the corner of Loudoun County Parkway and Beaumeade Circle, one of the world’s densest fiber intersections. There are no less than 25 fiber providers beneath and adjacent to this site, offering easy connections to one of the densest communications networks in North America.

The ABX-1 project highlights PowerHouse’s sustainable construction focus. Approximately 10,780 tons of the former building’s concrete was crushed on-site and reused in the ABX-1 development, while 387 tons of other building metals were recycled. PowerHouse and DPR Construction recently became two of 170 companies to join the Infrastructure Masons (iMasons) Climate Accord (ICA).

“The ABX-1 project celebrates teamwork at its highest level, partnering with PowerHouse to bring this project to fruition and phasing work to meet their business objectives. With the support of eight trade partners and DPR’s self-perform team, the rigor and discipline in the execution of their safety planning and work have amounted to 40,000 work hours in four months with zero lost time incidents. The alignment of the team, from owner to trade partner, behind a common goal has helped us achieve today’s milestone,” says DPR Construction’s Project Executive Karim Farouki.

Examples of ABX-1’s project magnitude include:

39,235 cubic yards of soil moved1,200 geo piers drilled to support the foundation and gross weight of the building8,415 cubic yards of concrete poured to date, with 11,000 cubic yards at completion2,359 tons of steel used91,286 square feet of 10″ precast building skin panels needed11,700 feet of communications conduit used27,800 feet of power conduits installed40,000 work hours to date, 100,000 work hours expected upon completion

The ABX-1 construction trade partners include Cooper Steel, Pro-Air, Hercules Fence, Advanced Caulking, DPR Construction’s self-perform concrete crews, Rosendin Electric, Independence Excavating, Christopher Consultants, and GeoConstructors.

About ABX-1

ABX-1 is the first of PowerHouse’s six data center projects representing 2.1 million square feet of data center space in Northern Virginia. For more information about unique data center opportunities in the region, click here to contact the PowerHouse team or visit www.powerhousedata.com

About PowerHouse Data Centers

PowerHouse Data Centers, a division of AREP, is a developer and owner of next-generation data centers and technical real estate solutions for hyperscalers in Northern Virginia. The company owns its land sites, offering unique fully entitled tracts and fast-track approvals right in the heart of the world’s largest data center market. As a disruptor, PowerHouse Data Centers provides flexible ‘Powered Shell’ next-generation data center models with the quickest speed to market of any Ashburn project while meeting hyperscalers’ growing market, data, and space demands. PowerHouse Data Centers is committed to building six powered shell data centers representing 2.1 million square feet of data center space in Northern Virginia. For more information, visit www.powerhousedata.com and follow us on LinkedIn and Twitter.

About DPR Construction

DPR Construction is a forward-thinking, self-performing general contractor and construction manager specializing in technically complex and sustainable projects for the advanced technology, life sciences, healthcare, higher education and commercial markets. DPR consistently ranks as a top data center builder, completing more than 4.27 million square feet of data center space in Northern Virginia’s Data Center Alley in the last five years. The company is strategically focused on delivering more predictable outcomes through applications of virtual design & construction, prefabrication, its corps of self-perform craft, and leveraging data to learn and improve from. For more information about general contracting services from site selection and cost modeling to design integration, construction and day-2 support, click here to contact DPR or visit https://www.dpr.com/construction/mission-critical

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SOURCE PowerHouse Data Centers

Technology

Bloomberg Introduces Spread-to-Benchmark Quoting for EUR and GBP Portfolio Trading Baskets

Published

16 hours ago

June 2, 2026

LONDON, June 2, 2026 /PRNewswire/ — Bloomberg today announced the launch of Spread-to-Benchmark quoting and trading for Euro (EUR) and Sterling (GBP) denominated portfolio trades through its Portfolio Trading Basket Builder (PTBB). The new functionality expands the range of quoting protocols available for European credit portfolio trading and reflects growing client demand for spread-based execution workflows, alongside increased dealer support for the convention across EUR and GBP markets.

Spread-to-Benchmark quoting is a well-established protocol for USD credit portfolio trades and is used by market participants to evaluate and execute portfolio trades. By extending this workflow to EUR and GBP portfolio trades, Bloomberg enables clients and dealers to transact using a familiar spread-based methodology across additional credit markets.

The introduction of Spread-to-Benchmark quoting for EUR and GBP baskets reflects increased client interest in evaluating portfolio trades through a spread-based lens and the growing adoption of spread-based execution workflows in European credit markets. The workflow provides market participants with an additional framework for assessing the relationship between credit spread risk and underlying government bond yields when pricing and executing portfolio trades.

Additional Workflow Flexibility 
The workflow complements Bloomberg’s existing portfolio trading capabilities, which support the full range of market-standard quoting conventions, including Price, Yield, Spread-to-Benchmark and Spread based workflows that reference Bloomberg’s evaluated pricing service (BVAL). This gives clients flexibility to compare and execute portfolio trades using the quoting methodology that best aligns with their investment objectives, execution preferences and internal risk management processes.

“European credit clients continue to look for execution workflows that reflect how they evaluate risk and monitor portfolio trading outcomes,” said Harry Street, Global Head of Credit and Equities Trading Product at Bloomberg. “By expanding dealer support for Spread-to-Benchmark quoting for EUR and GBP baskets, Bloomberg is broadening the range of workflow options available to clients trading European credit portfolios.”

“Portfolio trading workflows in fixed income continue to become more sophisticated as institutional investors look for ways to evaluate execution quality in changing market conditions,” said Kevin McPartland, Head of Market Structure & Technology Research at Crisil Coalition Greenwich. “Spread-based quoting helps market participants more clearly distinguish between the impacts of credit spread and underlying rates movements when determining how best to execute a portfolio trade.”

Bloomberg’s Electronic Markets solutions are used by leading financial institutions to trade efficiently in over 175 markets around the world. More than 9,000 client firms use Bloomberg Electronic Markets to access industry-leading depth and breadth of liquidity across asset classes from over 800 dealers globally. Bloomberg Electronic Markets provides market participants with comprehensive solutions across the trading lifecycle, including robust price transparency, analytics, automation and execution, powered by Bloomberg’s high-quality, multi-asset class data and tools.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

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SOURCE Bloomberg L.P.

Technology

Dr. Sunho Kang, a senior battery-technology executive with leadership experience at major global battery and EV manufacturers, joins TeraWatt Technology as Head of Product and Technology

Published

16 hours ago

June 2, 2026

SAN FRANCISCO, June 2, 2026 /PRNewswire/ — TeraWatt Technology Inc. (Headquartered in California, USA) is pleased to announce that Dr. Sunho Kang has joined the company as Head of Product and Technology.

Dr. Kang is a globally recognized battery-technology executive with more than 25 years of leadership experience spanning the United States, Asia, and Europe, and a distinguished track record of advancing innovations from laboratory research through gigafactory-scale production. He has held senior executive positions at world-leading organizations including Samsung SDI, Apple, and Volkswagen Group of America, and brings deep expertise in lithium-ion battery materials, cell engineering, and product industrialization across a broad range of applications, including electric vehicles and energy storage systems.

At TeraWatt, Dr. Kang will lead global product development and the commercialization of TeraWatt’s battery technology platform, aiming to accelerate the delivery of TeraWatt’s competitive products as well as the technology and commercialization roadmap including manufacturing scale-up.

Dr. Kang commented:

“I am thrilled to join TeraWatt Technology as Head of Product and Technology. TeraWatt’s innovative battery platform presents a tremendous opportunity to push the boundaries of lithium-ion technology, and I look forward to working with the team to accelerate product development and commercialization to deliver meaningful impact.”

TeraWatt Technology founder CEO Ken Ogata, Ph.D. commented:

“We are thrilled to welcome Dr. Kang as our Head of Product and Technology. His deep expertise in battery materials, cell engineering, and productization will be instrumental in accelerating TeraWatt’s product roadmap and technology leadership. Together with Dr. Kang, we will continue to drive our mission forward.”

About TeraWatt Technology Inc.
TeraWatt Technology Inc. is a California-based company that produces lightweight, high-power, and safe next-generation lithium-ion batteries.

Company Overview
Name: TeraWatt Technology Inc.
Representative: Co-founder and CEO Ken Ogata
Headquarters: 28 Geary St, Suite 650, San Francisco, CA 94108, United States
Founded: January 2020
Established: December 2019
URL: https://www.terawatt-technology.com/

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SOURCE TeraWatt Technology Inc.

Technology

Tencent Cloud and Soniox Announce Strategic Partnership: Combining Advanced Speech-to-Text (STT) Technology with Global Real-Time Infrastructure

Published

16 hours ago

June 2, 2026

HONG KONG, June 2, 2026 /PRNewswire/ — Tencent Cloud, the cloud business of global technology company Tencent, today announced a strategic partnership with Soniox, a San Francisco-based speech AI company that specializes in developing high-accuracy, low-latency speech AI solutions. The collaboration integrates Soniox’s speech-to-text (STT) technology with Tencent Cloud’s Real-Time Communication (TRTC) enterprise-grade global infrastructure, enabling enterprises to build and deploy multilingual voice AI applications across 200+ countries and regions.

Elevating Enterprise Voice AI at a Global Scale

In enterprise voice AI deployments, latency directly affects user experience and application reliability. The integration of Soniox’s high-accuracy, low-latency STT with TRTC’s global transmission infrastructure reduces latency across the entire pipeline, creating a comprehensive end-to-end solution for enterprises deploying conversational AI applications worldwide.

Soniox is the voice platform for every language. Unlike legacy speech AI, which was built primarily for English-speakers, Soniox delivers native-speaker accuracy across 60+ languages. Its technology can handle mid-sentence language switching — a user can switch between English and Chinese in a single utterance, and Soniox will capture every word with complete accuracy. All of this works through a single API that works for both speech-to-text and text-to-speech.

By integrating TRTC, the partnership leverages an enterprise-grade real-time communication backbone featuring more than 3,200 global nodes, sub-300 ms worldwide latency, and advanced capabilities such as AI noise suppression and weak-network resilience. These capabilities enable conversational AI applications to operate reliably across diverse network environments, including regions such as Southeast Asia and Africa.

With the roll out of this partnership, developers can integrate the Soniox STT API directly within the Tencent Cloud console. Whether targeting English-speaking markets or supporting languages such as Arabic, Hindi, and Malay, enterprises can build global voice applications — including intelligent customer service, voice assistants, real-time translation, and meeting transcription — to address the demands of expansion into emerging markets and multilingual scenarios.

Wison Xie, Head of Product at Tencent RTC, stated: “Tencent RTC has always been committed to providing reliable real-time communication infrastructure for global enterprises. Our partnership with Soniox brings together our strengths in enterprise-grade audio transmission and Soniox’s advanced speech recognition technology. Together, we are making it easier for businesses to deploy accurate, low-latency voice AI applications across any language and any market.”

Klemen Simonic, CEO at Soniox Inc., stated “At Soniox, our mission is to help businesses understand every word, in any language, with native speaker accuracy and exceptional speed. Partnering with Tencent Cloud combines our speech AI with world-class real-time infrastructure, enabling enterprises to build voice AI experiences that scale globally with low latency and reliability.”

About Tencent Cloud:

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.

About Tencent RTC:

Tencent RTC provides real-time communication solutions, including audio/video calling, live streaming, and in-game voice. With enterprise-grade security, AI-powered enhancements, and a global network of over 3,200 nodes, Tencent RTC powers mission-critical communication for customers worldwide.

About Soniox:

Soniox is a next-generation voice AI company bringing about the end of English-first speech AI. Most people on the planet did not grow up speaking English and often mix languages mid-sentence; and yet legacy speech AI was built for just English. Soniox is different: native-speaker accuracy across 60+ languages, true mid-sentence language switching, and flawless alphanumeric recognition that legacy providers still can’t match. For developers building global apps, Soniox is the only option. Try it for yourself at soniox.com.

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SOURCE Tencent Cloud