A new European data center developer has launched, focused on redeveloping brownfield industrial sites.

Advisory firm Xynteo this month announced the launch and spin-off of PoweringAI, a new pan-European data center development venture. Xynteo is backed by funds advised by Leon Capital LLP, a specialist European investment firm.

PoweringAI is reportedly launching with a 350MW pipeline of advanced projects. The company’s model focuses on repurposing legacy industrial and port assets into integrated “energy park + data center” developments.

“We are unlocking a category of sites that have remained inaccessible to the broader market,” said Michael Youtsos, partner at Leon Capital and chair of PoweringAI. “By tapping into Xynteo’s industrial incumbent relationships, coupled with more than a year’s worth of investment in IP and expertise with site origination and development, we are creating a platform that delivers commercial success at the intersection of power and compute.”

Details of any planned developments haven’t been shared.

“As Europe’s energy transition accelerates, the intersection of power, industry, and compute will define the next decade of infrastructure investment. PoweringAI is uniquely positioned to build that bridge—delivering sustainable, powered data center sites with deep industrial integration,” added Alex Rabbetts, senior advisor, data centers, PoweringAI.

Founded in 2022, Leon Capital is a mid-market private equity investment firm focusing on investing in companies in Western Europe - primarily the UK, France, Benelux, and Switzerland. Leon made a majority investment in Xynteo in 2023.

“This spin-off is a natural evolution of Xynteo’s mission—turning complex industrial challenges into scalable opportunities for good growth, with local job creation, and circular reuse of legacy assets. PoweringAI is building the development engine Europe needs to deliver AI infrastructure at speed, with quality, and with industrial legitimacy,” said Rasmus Lundsgaard Nielsen, partner and CEO of Xynteo.