Stonepeak Targets AI and Cloud Data Centers with Montera Infrastructure and Strategic Buildout
In April 2025, Stonepeak, an alternative investment firm which specializes in infrastructure and real assets, announced the launch of Montera Infrastructure, a $1.5 billion equity-backed platform focused on developing and operating hyperscale data centers across North America.
This investment directly supports the company’s announced strategic commitment to digital infrastructure, particularly in supporting the burgeoning demands of artificial intelligence (AI) and cloud computing.
The “Why?” of Montera Infrastructure
Montera Infrastructure is designed to address the escalating need for robust, scalable, and efficient data centers capable of handling intensive AI workloads. The company plans to develop turnkey, build-to-suit facilities exceeding 100 megawatts in capacity, strategically located in Tier I and Tier II metropolitan areas with access to near-term power solutions.
Leading Montera is Founder and CEO Eanna Murphy, a veteran with experience at Yondr and Google. He is joined by CTO Craig Pennington and Chief Delivery Officer Joe Walsh, both of whom have held senior positions at Oracle and Equinix. Collectively, the leadership team brings over a century of experience in data center development and operations.
Said Murphy:
Montera was born from a simple conviction: the digital future demands infrastructure that is faster, smarter, and built with intent. With a significant capital commitment from Stonepeak and a team of seasoned hyperscale experts, we are well-positioned to lead the next wave of development across North America. Our mission is to deliver strategically located and scalable digital infrastructure that is engineered for rapid deployment and reliability so that our partners can focus on what matters most.
A Direct Response to Hyperscalers
The rapid advancement of AI technologies and the proliferation of cloud computing have exponentially increased the demand for data processing and storage capabilities. Hyperscale data centers have been at the core of this digital transformation, providing the infrastructure to support cloud services, and most recently, and possibly, importrantly, large-scale AI model training and inference.
Montera’s focus on developing facilities with over 100 MW capacity is a direct response to the demands of hyperscale customers, the major cloud service providers and tech companies requiring the significant resources necessary for modern, cutting edge deployments.
It's also in response to the escalating demands for supporting comprehensive AI infrastructures that can support that rapidly evolving market. By targeting locations with immediate power availability, Montera aims to expedite deployment timelines, ensuring rapid scalability for clients.
Stonepeak’s Strategic Investment in Digital Infrastructure
Stonepeak’s launch of Montera Infrastructure marks its fourth data center investment in North America and the eighth globally. The firm’s existing portfolio includes assets such as Cologix, CoreSite, Digital Edge, and Cirion, encompassing over 100 facilities and 500 MW of capacity, with an additional 400 MW in development.
This strategic investment reflects the company’s recognition of the critical role digital infrastructure plays in the modern economy. By investing in Montera, they are not only expanding their footprint in the data center sector but also reinforcing the commitment to supporting the infrastructure underpinning AI and cloud computing advancements.
Andrew Thomas, Senior Managing Director and Head of Digital Infrastructure, Global (ex-Europe) at Stonepeak looked at how this investment and management team fits in the company’s plans, saying:
Addressing the unprecedented demand growth stemming from AI advancements and cloud computing requires expertise in data center development, power generation and transmission, capital formation and deep relationships with the hyperscalers. Eanna and his team have a track record of delivering more than eight gigawatts of data center capacity and have been at the forefront of helping design the infrastructure strategy of hyperscale customers, from model training and tuning to inferencing at scale. We are excited to partner with them and bring to bear the experience and capabilities of Stonepeak’s leading digital and power franchises.
AI and Cloud Implications
The establishment of Montera Infrastructure has notable implications for the company’s involvement in future data center deployments, particularly in the realms of AI and cloud services, bringing additional capabilities to market for the company portfolio, including:
Enhanced AI Capabilities: With dedicated hyperscale data centers, AI developers and researchers can access the necessary computing power to train and deploy complex models, accelerating innovation and application development.
Cloud Service Expansion: Cloud providers can leverage Montera’s facilities to expand their service offerings, ensuring low-latency and high-availability solutions for a growing customer base.
Sustainable Infrastructure: By focusing on energy-efficient designs and renewable energy sources, Montera can contribute to the industry’s sustainability goals, reducing the environmental impact of data center operations.
Montera Infrastructure represents a significant step forward in addressing the infrastructure needs of the rapidly evolving technology landscape. With this substantial investment and a seasoned leadership team, Montera is poised to become a key player in the hyperscale data center market, supporting the growth of AI and cloud computing across North America.
As digital transformation continues to accelerate, investments like Montera will be crucial in building the resilient and scalable infrastructure necessary for the future.
Recent Related Infrastructure Investments for Stonepeak
Meanwhile, Stonepeak's recent acquisitions of IOR, Longview Infrastructure, and a significant stake in Woodside's Louisiana LNG project underscore its strategic commitment to bolstering digital infrastructure. These investments not only enhance energy and logistics capabilities but also lay the groundwork for a resilient and scalable digital ecosystem.
IOR Acquisition: Strengthening Energy Logistics
In April 2025, an agreement was announced to acquire a 75% stake in IOR, an Australian commercial fuel and logistics provider. IOR operates over 110 unmanned truck refueling stations and serves more than 7,000 clients across sectors like mining, agriculture, and aviation.
This acquisition aligns with Stonepeak's strategy to invest in essential infrastructure that supports critical supply chains, ensuring reliable fuel distribution across Australia. While not a specific investment in data center infrastructure, the logistic experience in supporting such a widely distributed operation will be valuable as Stonepeak expands its digital infrastructure deployments.
Longview Infrastructure: Advancing Electric Transmission
With an equity commitment to Longview Infrastructure, a newly formed electric transmission platform, the company aims to address the rising demand for electricity driven by data centers and renewable energy adoption.
Longview focuses on developing, constructing, and operating electric transmission projects across the U.S., enhancing grid reliability and supporting the integration of renewable energy sources. These are all critical components in supporting the growth of digital infrastructure.
Louisiana LNG Stake: Securing Energy Supply
The company has also agreed to acquire a 40% interest in Woodside's Louisiana LNG project, contributing $5.7 billion towards its development.
The project, located in Calcasieu Parish, Louisiana, is designed to produce 27.6 million tons of LNG annually. This investment ensures a stable energy supply, crucial for powering data centers and supporting the broader digital infrastructure.
These acquisitions, along with the investment in Montera Infrastructures, provide direct support to Stonepeak's digital infrastructure strategy:
Energy Reliability: The IOR and Louisiana LNG investments secure fuel and energy supplies, ensuring uninterrupted power for data centers.
Grid Enhancement: Longview Infrastructure's projects bolster the electric grid, facilitating the integration of renewable energy and supporting the energy demands of digital facilities.
Supply Chain Efficiency: IOR's logistics capabilities streamline the transportation of essential resources, optimizing operations for digital infrastructure projects.
By reinforcing energy supply chains and grid infrastructure, Stonepeak positions itself to lead digital infrastructure development, ensuring that data centers and other digital assets have the necessary support to operate efficiently and sustainably.
