• Reload is a proven powered land development platform with a multi-gigawatt pipeline purpose built for hyperscale data center growth.

• The acquisition builds on recent progress in Scale’s growing data center business, including active projects, ongoing equipment procurement to support future growth, and the near term commissioning of a multi-hundred megawatt on-site energy system for a leading hyperscaler.

• Scale’s growing data center business leverages its extensive track record in designing, owning, operating, and financing hundreds of advanced energy systems for load customers.

• The transaction is backed by a material capital commitment from EQT, a purpose-driven global investment organization and one of the largest owners of digital and energy infrastructure globally, enabling Scale to deploy multi-gigawatts of capacity in the coming years.

Scale, a leading vertically integrated provider of advanced energy solutions, is pleased to announce the acquisition of Reload, a platform that sites, designs, and permits gigawatt-scale data center campuses paired with rapidly deployable on-site power infrastructure.

The acquisition expands Scale’s growing data center business, adding Reload’s powered land development expertise, extensive grid-scale energy capabilities, and an advanced pipeline of data center campuses designed to provide access to timely, reliable power at scale.

The transaction builds on recent milestones for Scale, including a contract to provide a multi-hundred megawatt on-site energy system for a leading hyperscale customer, making it one of the very few companies actively building an on-site energy system to power an off-grid data center. With the financial backing of its equity partner, EQT, Scale is looking to deploy multi-gigawatts of power generation capacity to serve its growing customer base.

“We’re excited to partner with Scale, whose operational expertise combined with access to EQT’s long-term, forward-thinking capital and industrial insight will help us achieve a truly differentiated platform,” said Reload CEO Mike Grunow. “Together, we’re building a fully integrated solution spanning gigawatt-scale campus development and capital-efficient energy center design and operations, ultimately advancing the energy industry’s ability to serve its most critical customers.”

“Welcoming Reload’s talented team enhances our ability to provide integrated speed-to-power solutions for data centers,” said Ryan Goodman, CEO of Scale. “Over the past year we’ve been focused on expanding our data center capabilities and advancing major projects for hyperscale customers, and we’re excited to continue building these capabilities.”

Scale’s portfolio includes hundreds of operating and in-build energy projects that serve large commercial, industrial, and data center customers. Scale’s data center team is focused on delivering gigawatts of energy centers over the coming years for hyperscalers and data center operators, addressing the multi-year delays often associated with utility interconnection.

Scale is backed by EQT, a purpose-driven global investment organization and one of the largest owners of digital and energy infrastructure globally, providing access to capital to support the development, ownership and operation of gigawatts of on-site energy assets for both C&I and data center customers. Scale is a key component of EQT’s growing global portfolio of power, fiber and data center development companies, supported by long-term capital and deep operational expertise aimed at delivering the future-proofed digital and energy infrastructure solutions required to support next-generation AI workloads.

“The acquisition of Reload strengthens Scale’s ability to deliver power at the speed and scale required by the rapidly growing data center market,” said Jan Vesely, Partner and Head of EQT Transition Infrastructure. “By bringing together Reload’s campus development capabilities, Scale’s proven islanded power operating platform, and EQT’s deep expertise across energy, digital infrastructure and technology, we are supporting a more integrated approach to delivering power for next-generation digital infrastructure today.”

EQT was represented by Weil, Gotshal & Manges LLP, and Scale was represented by Womble Bond Dickinson LLP. Reload was advised by Expedition Infrastructure Partners and represented by Gibson, Dunn & Crutcher LLP.

About Scale
Scale is a vertically-integrated provider of advanced on-site energy solutions for large commercial, industrial, and data center customers. By combining project design, engineering, and operational expertise with full-stack financing, Scale provides customers with turnkey systems that optimize multiple on-site resources to deliver ultra-reliable performance, faster speed-to-power, lower energy costs, and reduced emissions. Learn more at www.scalemicrogrids.com

About Reload
Reload sites, designs and permits gigawatt-scale datacenter campuses paired with rapidly deployable powerparks. Reload brings an extensive track record securing site control in key growth regions, ensuring access to fiber, water, natural gas supply, and renewable energy generation resources, as well as working with local utilities to optimize interconnection and electricity rates. The Reload leadership team has decades of experience across infrastructure and energy development, contracting, and project financing. Learn more at https://www.reloadenergy.com/

About EQT
EQT is a purpose-driven global investment organization with EUR 270 billion in total assets under management (EUR 141 billion in fee-generating assets under management) as of 31 December 2025, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

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