Equity alongside developers, for an integrated model
The Platform Company takes participations with data center developers to build AI infrastructure assets end to end. It complements The Blob Company, which stays on the consulting and advisory side — advisory on one side, capital and co-development on the other.
The Blob Company × The Platform Company
Two distinct entities, two remuneration models, one integrated route from land and power opportunity to a structured, market-ready data center or AI infrastructure asset
The Blob Company
An independent advisory and development management platform dedicated to data centers, AI factories and high-density digital infrastructure. It supports landowners, developers, investors, operators and end users from site identification to transaction, construction preparation and delivery
- Development platform — site qualification, grid strategy, permitting coordination, technical feasibility, test-fit management, development roadmaps and investor-readiness
- Commercialization platform — investment materials, NDA and VDR coordination, investor targeting, negotiations, LOI support and transaction assistance
- Delivery platform — Development Manager, Owner's Representative or strategic AMO, coordinating consultants, architects, engineers and contractors
- No equity required to perform its mandate — expertise, coordination, execution capability and market access on behalf of its clients
The Platform Company
A development and transaction structuring platform building a portfolio of data center and AI infrastructure opportunities across EMEA and APAC, including the UAE. It participates directly in selected project SPVs alongside landowners, developers and industrial partners
- SPV and governance structuring, shareholder roles, rights and value-sharing mechanisms
- Assembly of the development team, land, power, permitting and technical strategy
- Business plan and transaction structure, with a standardized modular AI data center solution where relevant
- Positioning with operators, investors, lenders and acquirers, then preparation for partial or full disposal
- Exit timing assessed project by project — before Powerland, at Powerland, after Powerland, or later at ready-to-build, pre-construction or operating stage
How the two companies work together
The Blob Company provides the expertise and execution capability. It develops, commercializes and manages projects under a fee-based mandate
The Platform Company provides the SPV participation and value-creation model. It takes equity positions in selected opportunities and realizes value through progressive de-risking and resale
In practice, The Blob Company may act as development and commercialization adviser to an SPV in which The Platform Company is a shareholder. Both entities remain distinct, with separate remuneration models, governance and risk exposure
The Blob Company earns fees for delivering services — The Platform Company creates value through equity participation and project monetization
From secured land to a binding, sellable AI infrastructure asset
A six-step factory model that converts a controlled site into a phased, tenant-backed, exit-ready data center SPV
The six steps
A linear, de-risked path from land to liquidity — each step compounds value and removes execution risk before the next commitment is made
Secured land
Site control plus grid commitment — land option, promise or freehold, contractual energization date, local acceptability and compatible zoning
Powerland
Permit-ready, fully de-risked site — environmental and impact studies, geotechnical and hydraulic surveys, HV connection studies, building permit filed
Test-fit & binding EPC offer
Phased turnkey commitment — architect and engineering fees, EPC pricing rounds, firm price and schedule on 2, 5 and 12 MW pods
SPV & business plan
Structured vehicle — legal and tax structuring, full business plan on CapEx, OpEx, financing and returns, data room, operating team scoping
Tenant LOI
AI hyperscaler offtake — go-to-market with AI tenants, technical and commercial negotiation, LOI drafting and closing
Exit or operate
Sale at an EBITDA multiple to an infrastructure investor, or handover to the SPV sponsor for direct operation
Illustrative site
Successive valuations and cash injections on a 40 MW site
Anonymized worked example of a controlled site in central France — grid energization confirmed for 2027, 60,000 sqm envelope, 40 MW IT target capacity. Figures are indicative and intended to show the compounding value of each step and the modest cash needed to reach it
| Step | Milestone | Cash injection | Cumulative | Site valuation | Uplift |
|---|---|---|---|---|---|
| 01 | Secured land | € 0,3 M | € 0,3 M | € 3 M | — |
| 02 | Powerland | € 1,5 M | € 1,8 M | € 12 M | × 4,0 |
| 03 | Test-fit & binding EPC | € 0,8 M | € 2,6 M | € 25 M | × 2,1 |
| 04 | SPV & business plan | € 0,5 M | € 3,1 M | € 40 M | × 1,6 |
| 05 | Tenant LOI | € 0,4 M | € 3,5 M | € 90 M | × 2,3 |
| 06 | Exit or operate | — | € 3,5 M | € 150 M+ | × EBITDA |
Cumulative injection from land control to a tenant-backed SPV, before FID and construction CapEx
Structured SPV with binding EPC, phased RFS and contracted offtake
Ratio of pre-FID valuation to cumulative development cash — the core economic engine of the model
Indicative figures on an anonymized 40 MW site — actual amounts vary with site complexity, grid conditions, permitting scope and tenant structure. Construction CapEx sits with the SPV investor and its EPC contract, and is not included in the development cash above
Value compounding
Each step unlocks the next investment decision
Permits, environment, grid connection — the site becomes bankable
Phased turnkey offer, firm price and schedule per pod
Sale or direct operation depending on the initial structure