Israeli-listed energy company Stark Power has signed a deal to acquire Sagebrush Infrastructure Partners, a US-based data center and powered land developer.

The agreement will see Stark acquire the rights to five data center campuses under active development, with a combined IT capacity of approximately 5.6GW.

Each site will be developed with co-located natural gas generation to provide the data centers with dedicated behind-the-meter power.

The lead project in the portfolio is Sagebrush 1. Details on the project are limited, but Stark claims it is located adjacent to utility-scale power infrastructure and is designed to support more than 1.5GW of data center capacity. Further details on the projects and SageBrush were not immediately available.

DCD has reached out for further information.

To support the acquisition and its wider US expansion efforts, Stark Power raised approximately NIS 430 million ($140m) from Israeli institutional investors, subject to the full exercise of related securities.

"The acquisition of Sage is a transformative milestone," said Stark Power chief executive Michael Avidan. "By integrating Sage's deep development pipeline and proven leadership team, we are exceptionally positioned to deliver the powered land solution required by the world's largest hyperscalers."

Financial terms of the acquisition were not disclosed.

Based in Tel Aviv, Stark is headed by Michael Avidan, former head of Enlight Renewable US. The company focuses predominantly on powered land acquisitions within the US market.